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Sunu Assurances Nigeria Plc (Nigeria)

Main Activities: Insurance Carriers
Full name: Sunu Assurances Nigeria Plc Profile Updated: August 02, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Sunu Assurances Nigeria Plc was incorporated on 3rd October 1991 with registration number RC.175105 and was licensed by the the n office of the Director of Insurance to underwrite all classes of general business. Equity Assurance Plc, operates with a recently increased authorized share capital of N 2 billion and shareholders fund of about Nine Hundred & Eight Million Naira ( N908m). The on-going Rights Issue/Private placement will bring the shareholders fund to excess of N 1.5 billion. Gross premium income has grown tremendously from N 352m in 2000 to N 1.2b in 2005. Equity Assurance Plc is a corporate member of the West African Insurance Company Association (WAICA) and the Nigeria Insurers’ Association (NIA), t he official umbrella of registered insurance companies in Nigeria, as well as The Africa Insurance Organization (AIO).

Headquarters
Sunu Place, Plot 1196 Bishop Oluwole Street, Victoria Island, P.O. Box 1514
Lagos; Lagos;

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Website: http://www.sunuassurancesnigeria.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:
1984
Key Executives
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Chairman
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Vice 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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Chief Executive Officer
Ownership Details
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90.33%
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9.67%
Subsidiaries
Ea Capital Management Limited
Managed Health Care Services Limited
Company Performance
Financial values in the chart are available after Sunu Assurances Nigeria 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
124.6%
Operating profit (EBIT)
1127.44%
Net Profit (Loss) for the Period
61.39%
Total assets
34.75%
Investments
-36.7%
Total equity
40.56%
Net Premiums Earned Trend
N/A
Net Profit Trend
-3731.56%
Return on Equity (ROE)
3.31%
Underwriting Expenses Ratio
-39.57%

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