AFRINSURE - African Alliance Insurance
African Alliance Insurance Plc, incorporated as a private limited liability company on May 6, 1960, is the first indigenous insurance to carry out the business of life assurance in Nigeria. The company was originally set up in partnership with Munich Reinsurance Company of Germany, the largest reinsurance Company in the world. In 2005 African Alliance Insurance (then still a limited liability company) in a joint venture with First Securities Discount House Ltd. set up Pensions Alliance Limited, a licensed pension fund administrator. In 2009, African Alliance was listed on the Nigerian Stock Exchange, thus becoming known as African Alliance Insurance Plc.
| Last Trading Results | Growth & Valuation | ||
|---|---|---|---|
| Opening Price: | -- | Earnings Per Share: | -- |
| Day's Low Price: | -- | Price/Earning Ratio: | -- |
| Day's High Price: | -- | Dividend Per Share: | -- |
| Traded Volume: | 0 | Dividend Yield: | -- |
| Number of Deals: | -- | Shares Outstanding: | 20,585m |
| Value/Turnover: | -- | Market Capitalization: | 10.29b |
Monetary values are quoted in Nigerian Naira (NGN) unless otherwise stated
AFRINSURE Market Performance
AFRINSURE currently ranks 71st on the Nigerian Stock Exchange in terms of returns to investors with a year-to-date return of zero percent. Following AFRINSURE are AFRIPRUD (-0.34%), CAPHOTEL (-0.57%), and INFINITY (-2.04%). Shareholders are anxiously awaiting when African Alliance Insurance will announce dividends to see whether they have gained something or not. Below is the historical trading trend of AFRINSURE, covering up to the last 10 trading sessions of activity.
| Date | Volume | Open | Close | Change | %Change |
|---|---|---|---|---|---|
| 2017-06-16 | 250 | 0.50 | 0.50 | +0.00 | 0.00% |
| 2017-06-07 | 200 | 0.50 | 0.50 | +0.00 | 0.00% |
| 2017-06-05 | 9,500 | 0.50 | 0.50 | +0.00 | 0.00% |
| 2017-05-18 | 2,500 | 0.50 | 0.50 | +0.00 | 0.00% |
| 2017-05-15 | 408 | 0.50 | 0.50 | +0.00 | 0.00% |
| 2017-05-09 | 100 | 0.50 | 0.50 | +0.00 | 0.00% |
| 2017-03-07 | 500 | 0.50 | 0.50 | +0.00 | 0.00% |
| 2017-02-10 | 100 | 0.50 | 0.50 | +0.00 | 0.00% |
| 2017-01-16 | 205 | 0.50 | 0.50 | +0.00 | 0.00% |
| 2016-12-06 | 500 | 0.50 | 0.50 | +0.00 | 0.00% |
Profile of African Alliance Insurance
African Alliance Insurance operates in the Financial Services sector, specifically, the Insurance Carriers, Brokers & Services industry—according to the reverse Industry Classification Benchmark (ICB) taxonomy. The company's board of directors is composed of six members whose names are listed below.
- Cyril Umunna Ajagu
Chairman - Alphonse O. Okpor
Managing Director/Chief Executive Officer - Funmi Omo (Mrs.)
Executive Director (Operations) - Olabisi A. Adekola (Mrs.)
Executive Director (Finance) - Richard H. Glanton
Director - Abayomi Nurain Mumuni
Director
| Factsheet of African Alliance Insurance | |
|---|---|
| Sector: Financial Services | Industry: Insurance Carriers, Brokers & Services |
| Address: Old Niger House, Marina, 163/165 Ring Rd, Lagos, Nigeria | |
| Telephone: +234 1 896 4888 | Facsimile: - |
| Email: info@africanallianceplc.com | Website: www.africanallianceplc.com |
Industrial Stock Market Competitors
African Alliance Insurance, issuers of the AFRINSURE stock on the Nigerian Stock Exchange, have quite a number of market competitors who are also engaged in the Financial Services/Insurance Carriers, Brokers & Services industry. The table below gives you an overview of their market standing.
| Symbol | Company | Mkt. Cap. | Price | Change |
|---|---|---|---|---|
| CONTINSURE | Continental Reinsurance | 14.31b | 1.27 | -0.02 |
| UNIVINSURE | Universal Insurance Company | 8.00b | 0.50 | +0.00 |
| CORNERST | Cornerstone Insurance Company | 7.51b | 0.50 | +0.00 |
| EQUITYASUR | Equity Assurance Plc | 7.00b | 0.50 | +0.00 |
| UNITYKAP | Unity Kapital Assurance | 6.93b | 0.50 | +0.00 |
| WAPIC | Wapic Insurance | 6.69b | 0.50 | +0.00 |
| STDINSURE | Standard Alliance Insurance | 6.00b | 0.50 | +0.00 |
| NEM | N.E.M. Insurance Company | 4.86b | 0.95 | -0.01 |
| STACO | Standard Trust Assurance | 4.67b | 0.50 | +0.00 |
| LINKASSURE | Linkage Assurance | 4.56b | 0.61 | +0.02 |