Market Date: 17-05-2013
NIGERINS
Index: 36907.81
507.65 1.39%
507.65 1.39%
Business Summary
Management
Board of Directors
Company Secretary
Company Registrars
Subsidiaries/Associates
Joint Auditors
Quote Login
Sector:
Financial Services
Sub-Sector:
Insurance Carriers, Brokers and Services
Listing Date:
1st September, 1993
End of Accounting Year:
31 Dec
Share Outstanding:
7,739,479,368.00
NSE code
NIGERINS
AGM Date:
19-07-2012
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bonus
helloo, please i'd like to know if the 1:10 bonus declared has been paid. regards thomas
Affected:NIGERINS Status: 0 Replies: 1
helloo, please i'd like to know if the 1:10 bonus declared has been paid. regards thomas
Affected:NIGERINS Status: 0 Replies: 1
No. Of Deals: 5.00
Volume Traded: 814,367.00
Value Traded: 407,183.50
52 Weeks High: 0.69
52 Weeks Low: 0.50
Open Price: 0.50
Close Price: 0.50
High Price: 0.50
Low Price: 0.50
Year To Date Appreciation: -83.82
1 Week Change (%)
1 Month Change (%)
6 Months Change (%)
1 Year Change (%)
NIGERINS
0
0
0
0
NSE All-share Index
2.49
10.66
39.8
63.91
Quarterly Results For NIGERINS
5th September, 2012: 2nd Quarter Results for the Period Ending 30-Jun-2012
Values
2012 N'm
2011 N'm
% Change
Profit & Loss Information
Gross Premium
4,245
3,938
7.8%
Profit Before Tax
272
358
-23.98%
Taxation
-52
-88
-40.78%
Profit Or Loss After Tax
205
256
-19.95%
Balance Sheet Information
Fixed Assets
912
1,006
-9.34%
Investments
12,899
12,754
1.14%
Cash & Bank Balances
1,411
1,813
-22.17%
Borrowings
2,029
2,279
-10.97%
Net Assets
5,727
5,489
4.34%
VALUATION MEASURES
Market Cap :
3,869,739,684.00
EPS:
0.03
P/E:
18.91
Book Value :
N/A
Book Value Per Share :
N/A
Price/Book
N/A
FINANCIAL HIGHLIGHTS
Fiscal
Fiscal Year End
31 Dec
Most Recent Quarter
2nd Quarter
Profitability
Profit Before Tax Margin
0.00
Profit After Tax Margin
0.00
Profit Before Tax Growth
-23.98
Profit After Tax Growth
-19.95
Management Effectiveness
Return On Assets
0.01
Return On Equity
0.04
TRADING INFORMATION
52-week Change:
0.00%
52-week Change
(relative to NSE Index)
(relative to NSE Index)
63.91%
52-Week High:
0.69
52 Week Low :
0.50
50-Day Moving Average :
0.52
200-Day Moving Average:
0.51
Ave. Volume (3 month):
2,556,114.04
Ave. Volume (10 days):
239,961.10
Shares Outstanding:
7,739,479,368.00
Daily Volume
814,367.00
- Financial
- News
- Proshare analyst Reports
- Proshare On Company
- AGM
- Bonus
- Dividend
- Rights
- Splits
- Board Meetings
Niger Insurance Co. Plc
Balance Sheet as at 31st December 2007
Assets employed
2007
2006
Cash and bank balances
719,671
133,287
Quoted investments
2,022,209
733,495
Unquoted investments
5,160,795
5,274,654
Government securities
500,000
2,000,000
Debtors
2,311,018
1,408,740
Loans to policy holders
146,499
111,274
Deferred acquisition expenses
85,104
73,214
Statutory deposit
500,000
35,000
Fixed assets
2,294,301
1,417,754
Total Assets
13739597
11187418
Financed by
Creditors and accruals
2,011,626
322,897
Current taxation
243,630
167,831
Deferred taxation
202,054
202,054
Deposit administration
3,165,075
3,649,881
Insurance fund
1,676,689
1,317,505
7299074
5660168
CAPITAL AND RESERVES
Share capital
1,975,413
1,580,330
Share premium
1,833,452
2,304,591
Capital reserve
1,261,240
468,682
Contingency reserve
431,364
342,831
General reserve
939,054
830,816
Shareholders’ fund
6440523
5527250
13739597
11187418
PROFIT AND LOSS ACCOUNTS
For the year ended 31 December 2007
PREMIUM AND PROFITS
Premium earned (net of reinsurances)
1,905,399
1,664,414
Less:
Claims paid
272,232
221,715
Acquisition cost
105,720
124,303
Maintenance
74,260
86,919
Outstanding claims
52,542
58,594
Increase in reserve for unexpired risks
68,391
27,506
Provision for bad & doubtful debts
205,774
50,194
Expenses
946,189
598,878
1725108
1168109
Underwriting profit
180291
496305
Investment incomes
Income from fixed investments
424,969
152,712
Interest receivable and similar income
106,735
100,550
Fees and rental income less expenses
17,394
19,816
Provision for investment losses no longer required
-1,369
-18,595
Bad debt recovered
107,262
654991
254483
Profit on ordina ry activities before taxation
835,282
750,788
Taxation
-178,257
-161,196
Profit on ordinary activities after tax
657,025
589,592
Deduct: Appropriation - Proposed dividend
Deduct: Contingency reserve
-74,687
-99,261
Retained profit for the year transferred to general reserve
582338
490331
Earnings per share
16.6k
18.7k
Statement of Cash Flows
For the period ended 31 December 2007
Cash flows from operating activities
Operating profit before working capital changes
573,344
590,765
Working capital changes
1,071,831,237
1,072,446,059
Income tax paid
-102,458
-32,631
Net cash outflow from opearting activities
-1439701
-737631
Cash flows from investing activities
Government securities
1,500,000
-1,451,376
Purchase of fixed assets
-197,011
-116,250
Quoted investments
-1,288,392
-37,567
Proceeds from sale of fixed assets
460
38,100
Unquoted investment
116,733
-924,236
Interest received
106,735
100,550
Net proceeds from disposal of investments
413,701
143,041
Net Cash inflow from Investing Activities
652136
-2247738
Cash flows from financing activities
Proceeds from rights issue
3,075,749
Bank Loan
1,495,437
Dividend paid
-474,100
-75,000
Insurance funds
428,668
173,189
Share capital increase expenses
-76,056
-238,049
Net Cash inflow from Financing Activities
>b>1373949
2935889
Net increase/(Decrease) in cash and cash equivalent
586,384
-49,840
Cash and cash equivalent at beginning of year
133,287
183,127
Cash and cash equivalent, end of year
719671
133287
Investment Valuation Ratios
Profitability Ratios
Return On Net Worth(%)
0
Return on Assets
0.05%
Net Premium Income/Insurance Funds
1
Growth in Gross Premiums
0.14%
Growth in Net Premiums
Growth in Underwriting Profit
-0.64%
Growth in Assets
0.23%
Growth in PBT
0.11%
Growth in PAT
0.11%
PBT Margin
0
PAT Margin
0
NAPS
0
Cash Flow Indicator Ratios
Earning Retention Ratio
1.72%
Earnings Per Share
0
Dividend Per Share
-0
Announcement Date
Agm Date
Book Closure
Address
--
2008-07-31
--
--
2009-07-23
--
--
2009-08-27
--
19th July, 2011
2011-08-11
2011-08-01
Le Meridian Ibom Hotel and Golf Resort, Uyo. @11am
28th June, 2012
2012-07-19
2012-07-09
Golden Gate Restaurant, 25B, Glover Road, Ikoyi, Lagos
Bonus
Bonus Type
Announcement Date
Payment Date
Closure Date
1 for 10
--
--
--
2009-07-24
1 for 4
--
--
--
2007-07-30
1 for 3
--
--
--
2006-07-03
1 for 2
--
--
--
2005-06-20
1 for 4
--
--
--
2007-07-30
1 for 3
--
--
--
2006-07-03
1 for 2
--
--
--
2005-06-20
1 for 10
FINAL
19th July, 2011
--
2011-08-01
Dividend
Dividend Type
Announcement Date
Payment Date
Closure Date
2.5
FINAL
28th June, 2012
To be communicated i
2012-07-09
0.18
--
--
--
2001-08-13
0.15
--
--
--
2004-07-26
0.2
--
--
--
2005-06-20
0.05
--
--
--
2006-07-03
0.15
--
--
--
2007-07-30
0.15
--
--
--
2008-06-23
0.05
--
--
--
2009-07-24
Right Ratio
Face Value
Announcement Date
Record Date
Ex-right Date
Premium
Old Face Value
New Face Value
Announcement Date
Ex-split Date
Meeting Date
Remark/Outcome