Stock SOVRENINS SOVEREIGN TRUST INSURANCE PLC
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Company Sovereign Trust Insurance Plc

Equities

SOVRENINS

NGSOVRENINS5

Property & Casualty Insurance

End-of-day quote Nigerian S.E.
Other stock markets
 18:00:00 2024-06-27 EDT 		5-day change 1st Jan Change
0.45 NGN -.--% Intraday chart for Sovereign Trust Insurance Plc -.--% +7.14%
01-31 Sovereign Trust Insurance Plc Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023 CI
2023 Sovereign Trust Insurance Plc Reports Earnings Results for the Nine Months Ended September 30, 2023 CI

Business Summary

Sovereign Trust Insurance Plc is a non-life insurance group organized around 6 areas of activity:

- energy insurance (35.9% of gross written premiums);

- motor insurance (18.9%);

- fire and property insurances (15.2%);

- contractors' all risks and engineering insurances (13.7%);

- marine and aviation insurances (8.6%);

- accident insurance (7.7%).

All gross written premiums are in Nigeria.

Number of employees: 146

Sales per Business

NGN in Million2022Weight2023Weight Delta
Oil and Gas
43.1 %
1,378 17.6 % 8,487 43.1 % +515.85%
Motor
20.5 %
2,184 27.9 % 4,037 20.5 % +84.80%
Fire and Property
16.0 %
1,637 20.9 % 3,140 16.0 % +91.82%
Marine and Aviation
7.9 %
713 9.1 % 1,546 7.9 % +116.82%
General Accident
5.3 %
523 6.7 % 1,044 5.3 % +99.61%
Bonds
5.1 %
- - 997 5.1 % -
Car and Engineering
3.3 %
1,390 17.8 % 650 3.3 % -53.24%
Aviation
-1.1 %
- - -222 -1.1 % -

Sales per region

NGN in Million2022Weight2023Weight Delta
Nigeria
100.0 %
7,825 100.0 % 19,694 100.0 % +151.68%

Managers

Managers TitleAgeSince
Olaotan Soyinka CEO
 Chief Executive Officer - 98-02-28
Kayode Adigun DFI
 Director of Finance/CFO - 96-12-31
Emmanuel Anikibe CTO
 Chief Tech/Sci/R&D Officer - -
Olalekan Oguntunde CTO
 Chief Tech/Sci/R&D Officer - 05-12-31
Sanni Oladimeji CMP
 Compliance Officer - 95-02-28
Ugochi Odemelam BRD
 Director/Board Member - 94-12-31
Segun Bankole IRC
 Investor Relations Contact - 07-10-31
Samuel Oseni AUD
 Comptroller/Controller/Auditor - -
Victoria Eze PRN
 Corporate Officer/Principal - -
Tajudeen Rufai PRN
 Corporate Officer/Principal - -

Members of the board

Members of the board TitleAgeSince
Oluseun Ajayi CHM
 Chairman - -
Kayode Adigun DFI
 Director of Finance/CFO - 96-12-31
Ugochi Odemelam BRD
 Director/Board Member - 94-12-31
Olaotan Soyinka CEO
 Chief Executive Officer - 98-02-28
Emi Faloughi BRD
 Director/Board Member - -
Abimbola Oguntunde BRD
 Director/Board Member - -

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 14,228,139,483 4,791,860,786 ( 33.68 %) 0 33.68 %

Company contact information

Sovereign Trust Insurance Plc

17 Adetokunbo Ademola Street Victoria Island

101241, Lagos

+

http://www.stiplc.com
address Sovereign Trust Insurance Plc(SOVRENINS)

Sector

Financials
Insurance
Insurance
Property & Casualty Insurance
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