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Sic Insurance Company Limited (Ghana)

Main Activities: Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Sic Insurance Company Limited Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

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 policy, a policy for the hospitality industry. With roots dating back to 1955, the Company has been operating for more than 52 years and has developed long-standing relationships with insurance brokerage firms and some independent agents, who constitute some of its primary distribution channels.

Headquarters
Nyemitei House, 28/29 Ring Road East, Osu, P. O. Box 2363
Accra; Greater Accra;

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Website: http://www.sic-gh.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1955
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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0.54%
Subsidiaries
Sic Financial Services Limited
Company Performance
Financial values in the chart are available after Sic Insurance Company Limited report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency GHS. Absolute financial data is included in the purchased report.
Net insurance premium revenue
14.41%
Operating profit (EBIT)
N/A
Net Profit (Loss) for the Period
1.16%
Total assets
7.85%
Investments
2.92%
Receivables
36.88%
Total equity
7.18%
Net Premiums Earned Trend
2.58%
Net Profit Trend
-16.55%
Return on Equity (ROE)
-0.17%
Loss Ratio
24.03%
Underwriting Expenses Ratio
5.27%

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