Sovereign Trust Insurance PLC
NNSENG:SOVRENINS1.96
NGN
-0.06
(-2.97%)
ISIN
NGSOVRENINS5
Return %
Stock
S&P 500
1Y
-47.17
14.20
3Y
493.94
81.12
5Y
716.67
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Lucas A. Durojaiye
- Full Time Employees
- 152
- Sector
- Finance
- Industry
- Insurance brokers/Services
- Address
- Lagos Nigeria
- IPO Date
- Nov 27, 2006
- Website
- stiplc.com
- Similar Companies
- Business
- Sovereign Trust Insurance Plc is a Nigeria-based underwriting and financial services firm engaged in the provision of non-life insurance products, risk underwriting, and asset protection solutions to individual, commercial, and industrial clients. The company operates through multiple core underwriting segments: Motor Insurance, comprising private and commercial comprehensive vehicle protection, third-party liability, fleet insurance, and digital retail auto covers; Fire and Special Perils Insurance, including commercial property, industrial risk underwriting, residential building and contents protection, and business interruption coverage; Marine and Aviation Insurance, encompassing marine cargo, marine hull, goods-in-transit, aviation hull, and aviation third-party liability; General Accident Insurance, covering burglary and housebreaking, personal accident, group personal accident, all risks, cash-in-transit, fidelity guarantee, public and products liability, professional indemnity, and employers liability; Energy and Special Risks, delivering specialized upstream and downstream oil and gas coverage, petrochemical risk management, and operating liability underwriting; and Engineering Insurance, providing contractors all risks, erection all risks, plant and machinery breakdown, boiler explosion, and electronic equipment policies. In addition, the firm offers customized retail and microinsurance packages, including family personal protection plans, travel insurance, personal security products, and surety or performance bonds. Sovereign Trust Insurance Plc serves retail consumers, small and medium-sized enterprises, multinational corporations, and public sector institutions across Nigeria through an extensive network of regional and branch offices in major commercial hubs including Lagos, Abuja, Port Harcourt, Ibadan, Kano, Enugu, Benin City, and Warri. In recent developments, the company has progressed strategic recapitalization initiatives to strengthen its capital base and underwriting capacity, expanded its digital distribution infrastructure through upgraded self-service web portals and mobile platforms for instantaneous policy procurement and automated claims tracking, and forged strategic distribution partnerships with financial technology firms and retail aggregators to accelerate retail insurance adoption. Founded in 1980 and restructured under its current corporate name in 1995, Sovereign Trust Insurance Plc is headquartered in Lagos, Nigeria.