SIC - SIC Insurance Company Limited
SIC Insurance Company Limited, one of the oldest non-life (general business) insurance companies in Ghana, was incorporated in February 1962 as State Insurance Corporation. Still, the company traces its roots to 1955 when Gold Coast Insurance Company (renamed Ghana Insurance Company in 1957) was established. On August 28, 1995, the corporation was converted into a Public Limited Liability Company and renamed State Insurance Company of Ghana Limited. In 2007, the then sole shareholder, Government of Ghana, offered 60% of the shares to the public. As of December 31, 2010, the company's assets totaled GHS 137.44 million with an annual gross premium of GHS 64.04 million. SIC is currently expanding its operations across the West African sub-region.
|Last Trading Results||Growth & Valuation|
|Opening Price:||0.12||Earnings Per Share:||0.0049|
|Day's Low Price:||--||Price/Earning Ratio:||24.38|
|Day's High Price:||--||Dividend Per Share:||0.00|
|Traded Volume:||300||Dividend Yield:||0%|
|Number of Deals:||--||Shares Outstanding:||195.65m|
SIC Stock Market Performance
The stock of SIC Insurance Company Limited (SIC) is currently trading at 0.12 GHS per share on the Ghana Stock Exchange. SIC began the year with a share price of 0.19 GHS but has since lost 36.84% of that price valuation, ranking it 41st on the GSE in terms of year-to-date performance. Shareholders' worries are further compounded by the fact that SIC has lost 25% of the stock's value from March 21st to date. The table below details the last 10 trading days of activity of SIC Insurance Company Limited on the Ghana Stock Exchange.
Profile of SIC Insurance Company Limited
SIC Insurance Company Limited operates in the Financials sector, specifically, the Insurance industry. Unfortunately, we do not have information on the company's board of directors and/or key executives at this time.
|Factsheet of SIC Insurance Company Limited|
Nyemitei House, No. 28/29 Ring Road East, PO Box 2363, Accra, Ghana
SIC Industrial Market Competitors
SIC Insurance Company Limited, issuers of the SIC stock on the Ghana Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or the Insurance industry. The table below gives you an overview of the market standing of the top 10 by year-to-date performance.
|Code||Name||Mkt. Cap.||L. Price||YearTD|
|SOGEGH||Societe Generale Ghana Limited||602.77m||0.85||+13.3%|
|ACCESS||Access Bank Ghana||695.79m||4.00||+12.7%|
|EGH||Ecobank Ghana Limited||2.52b||7.80||+4.00%|
|MAC||Mega African Capital Limited||59.49m||5.98||+0.00%|
|TBL||Trust Bank (Gambia) Limited||46.00m||0.23||+0.00%|
|CAL||CAL Bank Limited||607.79m||0.97||-1.02%|
|EGL||Enterprise Group Limited||366.60m||2.16||-3.57%|
|ETI||Ecobank Transnational Incorporated||3.61b||0.15||-6.25%|
|RBGH||Republic Bank Ghana Limited||536.74m||0.63||-8.70%|
|SCB||Standard Chartered Bank Limited||2.56b||19.00||-9.52%|