Fortis Global Insurance Plc
NNSENG:FTGINSURE1.81
NGN
0.00
(0.00%)
ISIN
NGSTDINSURE7
Return %
Stock
S&P 500
1Y
805.00
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Nomwen Imariagbotua Emeghalu
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Lekki Nigeria
- IPO Date
- Feb 17, 2004
- Website
- sainsuranceng.com
- Similar Companies
- Business
- Fortis Global Insurance Plc is a Nigeria-based insurance and financial services provider that offers a comprehensive suite of life, non-life, and specialized risk underwriting solutions to individual, commercial, and institutional clients across Nigeria. The company operates through two primary business segments: Non-Life (General) Insurance and Life Assurance. Its core products and services include motor vehicle insurance, covering private comprehensive, commercial fleet, and third-party liabilities; fire and special perils insurance for industrial and residential properties; marine cargo, hull, and transit insurance; aviation and energy insurance for oil, gas, and infrastructure operations; engineering insurance, including contractor's all risks, erection all risks, and machinery breakdown policies; general accident insurance, encompassing burglary, money-in-transit, fidelity guarantee, personal accident, and public liability coverage; group and individual life assurance plans; mortgage protection and credit life policies; educational endowment and savings-linked assurance schemes; annuity products; and specialized microinsurance and agricultural risk solutions tailored for small and medium-sized enterprises. In addition, the company provides risk management consultancy, claims administration, and reinsurance brokerage advisory services. Headquartered in Lagos, Nigeria, Fortis Global Insurance Plc maintains branch offices and agency distribution networks across major commercial centers in Nigeria. In recent corporate developments, the company has undertaken a strategic capital restructuring and balance sheet recapitalization to strengthen underwriting capacity in alignment with National Insurance Commission (NAICOM) solvency and capital adequacy frameworks. To drive retail expansion and operational efficiency, the company launched an upgraded digital insurance portal and mobile self-service platform for automated policy issuance, real-time premium payments, and electronic claims submission. Furthermore, the company expanded its distribution reach by entering into strategic bancassurance and fintech partnerships to integrate microinsurance products into digital banking channels, while restructuring its underwriting portfolio to optimize risk retention and expand coverage in emerging commercial sectors.