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ABOUT SA INSURANCE
SA Insurance Plc. is an insurance company licensed to transact all types of General and Special Risk insurance businesses. The company has an authorised share capital of N 6 billion. Subsequent to the recently concluded public offer, the Shareholders fund is now in excess of N 16.432 billion. The asset base is currently in excess of N 18.742 billion while Gross Production written as at the end of year 2009 is over N 3.25 billion.
The company has consistently distinguished itself as one of the leading and dominant players in the insurance sector by posting impressive financial results, year in, year out. A brief summary below of our 5 year financial performance would attest to this.
N |
2009 Millions |
2008 Millions |
2007
Millions |
2006
Millions |
2005
Millions |
Gross premium |
3,260 |
3,007 |
2,120 |
1,481
|
1,274
|
Claim paid |
873 |
654 |
308 |
262 |
241 |
Profit before taxation |
(5,702) |
985 |
447 |
318 |
235 |
Dividend |
- |
5k |
7½k |
- |
- |
Bonus |
- |
- |
- |
1 for 20 |
1 for 2 |
Total asset |
18,743 |
24,201 |
7,388 |
7,031 |
2,376 |
Our extensive capital base ensures that we are able to comfortably cover all risks and pay claims promptly as required. In addition, our portfolio is further assured by reputable reinsurance companies both locally and internationally. Furthermore, we operate under the revolutionary concept of Total Quality Management (TQM). This guarantees that we get things right first time all the times.
We run a near flat and lean organizational structure devoid of long chains of command. This ensures that all information and transactions are treated urgently and processed promptly under best standard guidelines.
From the Managing Director SA Insurance Plc.
Welcome to SA Insurance Plc., the one stop shop for all your General Insurance needs. Allow us to carry the risks you may encounter in your days, giving you peace of mind and exceeding your expectations in our service delivery and commitment to your satisfaction.
We have provided online services for your convenience, where you are able to monitor and control your policies. You are also empowered to expand your insurance portfolio, make premium payments and report and track claims at the click of a button, all from the comfort of your home or while on the move.
We are dedicated to constantly improving our customer services, and to proactively creating new and innovative products which would secure you from all risks and anticipate your future needs.
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Ours is an insurance company with many years of excellent track records; with us, you can confidently leave all your risks at our door and go to sleep with both eyes closed.
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Tom A. O. Imokhai
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