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International Energy Insurance Plc (Nigeria)

Main Activities: Direct Life Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: International Energy Insurance Plc Profile Updated: November 01, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

International Energy Insurance Company Limited emerged in June 2003, when a group of investors and management acquired 70% of Global Assurance Co Ltd. The company at the time was 34 years old and was under the technical management of the National Insurance Commission (NAICOM). The company was subsequently recapitalised to N500 million to meet with the challenges of its new business focus. The company has since increased its authorised share capital to N6,000,000,000 comprising of 12,000,000,000 ordinary shares of 50 kobo. The Company provides excellent Insurance solutions to the energy sector in Nigeria.

Headquarters
Plot 294, Jide Oki Street, Off Ligali Ayorinde, Victoria Island
Lagos; Lagos;

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Website: http://www.ieiplcng.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1969
Key Executives
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Chairman
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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50.61%
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49%
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0.003%
Subsidiaries
Iei Anchor Pension Managers Limited
81%
Company Performance
Financial values in the chart are available after International Energy Insurance Plc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency NGN. Absolute financial data is included in the purchased report.
Net insurance premium revenue
243.08%
Operating profit (EBIT)
1817.98%
Net Profit (Loss) for the Period
N/A
Total assets
50.7%
Investments
4.37%
Receivables
2216.59%
Total equity
19.62%
Return on Equity (ROE)
N/A
Loss Ratio
N/A
Underwriting Expenses Ratio
-22.21%

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