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Linkage Assurance Plc (Nigeria)

Main Activities: Direct Life Insurance Carriers | Direct Property and Casualty Insurance Carriers | Direct Title Insurance Carriers
Full name: Linkage Assurance Plc Profile Updated: October 29, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Linkage Assurance PLC was incorporated on the 26th of March 1991. The company was licensed on the 7th of October 1993 to carry on non-life insurance business. The company on the 27th of February 2007 formally merged with Central Insurance Company Limited (now dissolved but not wound up) as part of the 2007 Recapitalization and Consolidation Reforms of the National Insurance Commission (NAICOM). The new emerged company – Linkage Assurance Plc was among the insurance companies that were approved to continue as an insurer by NAICOM having satisfied all relevant requirements of the 20 07 Recapitalization and Consolidation reforms. Presently, the authorized share capital of the Company is N4 billion, while the shareholders fund as at September 30, 2006 is in excess of N3.1 billion.

Headquarters
Linkage Plaza, Plot 20, Block 94, Off Adewunmi Adebimpe Street, Lekki Phase 1
Lagos; Lagos;

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Website: http://www.linkageassurance.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1991
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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53.43%
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28.23%
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13.27%
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5.07%
Company Performance
Financial values in the chart are available after Linkage Assurance 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
237.5%
Operating profit (EBIT)
-55.53%
Net Profit (Loss) for the Period
36.52%
Total assets
31.46%
Investments
23.99%
Receivables
42.59%
Total equity
33.1%
Net Premiums Earned Trend
234.31%
Net Profit Trend
-76.01%
Return on Equity (ROE)
0.28%
Loss Ratio
-46.07%
Underwriting Expenses Ratio
-90.26%

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