|
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).
SIC Insurance
Main Activities: Insurance Carriers and Related Activities
 |
Please check the full coverage of information what EMIS can offer you. | SEE SAMPLE |
Company Information |
|
Full name SIC Insurance Headquarters Nyemitei House 28/29 Ring Road East, Osu, Accra; Accra; Greater Accra |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational ISIN CODE : GH0000000730 Financial Auditors: Deloitte Touche Tohmatsu (2009) Total Employees: 1,141 Tel: +233-21-780600-9/00233 21 780601 |
|
Company Description |
| SIC Insurance Company Limited is one of the oldest non-life insurance companies in Ghana. It traces its roots to the year 1955, when the Gold Coast Insurance Company was established. It was renamed Ghana Insurance Company in 1957, when Ghana attained independence. SIC is a leading provider of general or non-life insurance products in Ghana. Its business operations cover fire, motor, marine and aviation, and accident insurance. SIC also provides specialty insurance products such as hoteliers and leisure | ||
|
||
Company Analysis |
| According to the Consolidated - Non-Audited financial statement for the Year of 2009, total net operating revenues increased with 55.49%, from GHC 6,169 thousands to GHC 9,592 thousands. The results of the period decreased -30.67% reaching GHC 6,029 thousands at the end of the period against GHC 8,696 thousands last year. Return on equity (Net income/Total equity) went from 13.18% to 9.61%, the Return On Asset (Net income / Total Asset) went from 7.27% to 3.25% and the Net Profit Margin (Net Income/Net Sales) went from 140.96% to 62.85% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 195.54% compared to 81.18% of last year. |
Key Executives |
|
|||||
|
|||||
|
|||||
|
|||||
|
|||||
|
|||||
Companies with Similar Main Activities |
FULL COMPANY PROFILE
|
|
2011 Y (cons) |
2010 Y (cons) |
|
 | ||
| Non-Audited | Audited | |
| ||
| WVB Company Financials | WVB Company Financials | |
| ||
| Unit | Thousands | Thousands |
| ||
Balance Sheet
| ||
Total Assets |
144,407 |
255,222 |
| ||
Current Assets |
73,888 |
70,543 |
| ||
Total Liabilities |
62,469 |
171,909 |
| ||
Shareholders Equity |
81,938 |
83,313 |
| ||
| * All the accounts are in GHC. | ||
Income Statement
| ||
Total Operating Revenue |
3,228 |
10,306 |
| ||
Net Profit (Loss) |
5,867 |
6,170 |
| ||
| * All the accounts are in GHC. | ||
Ratios
| Profitability Ratios | ||
| ||
Return on Assets (ROA) |
4.06% |
2.42% |
| ||
Annualised Return on Assets (ROA) |
4.06% |
2.42% |
| ||
Return on Equity (ROE) |
7.16% |
7.41% |
| ||
Annualised Return on Equity (ROE) |
7.16% |
7.41% |
| ||
Return on Capital |
7.16% |
7.41% |
| Valuation figures and ratios | ||
| ||
Earning Before Interests and Taxes (EBIT) |
-30,997 |
10,306 |
| ||
EBITDA |
-30,997 |
10,306 |
| ||
Enterprise value |
-1,665 |
-1,744 |
| ||
Enterprise Value / EBITDA |
0.05 |
-0.17 |
| ||
Bookvalue (BV) |
144,407 |
255,222 |
| ||
Net Cash |
1,665 |
1,744 |
| Leverage Ratios | ||
| ||
Leverage ratio |
176.24% |
306.34% |
| ||
Interest Coverage Ratio |
-4,341.32% |
2,550.99% |
| ||
Debt to equity |
76.24% |
206.34% |
| ||
Debt to total assets |
43.26% |
67.36% |
| ||
Long Term Debt to Capital |
71.42% |
87.3% |
| Market ratios | ||
| ||
Price/Book Ratio |
0.54 |
0.31 |
| Trend Ratios | ||
| ||
Net Income Trend |
95.09% |
102.34% |
| ||
Operating Income Trend |
-300.77% |
107.44% |
| ||
 |