Staco Insurance PLC
NNSENG:STACO0.48
NGN
0.00
(0.00%)
ISIN
NGSTACO00002
Return %
Stock
S&P 500
1Y
0.00
14.20
3Y
0.00
81.12
5Y
0.00
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Oyenike Nihinlola
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Lagos Nigeria
- IPO Date
- Jan 5, 2010
- Website
- stacoplc.com
- Similar Companies
- Business
- Staco Insurance PLC is a Nigeria-based underwriting and financial services company that provides a comprehensive range of general insurance, non-life risk underwriting, and risk management solutions to corporate, commercial, institutional, and individual clients. Founded in 1991 and headquartered in Lagos, Nigeria, the company operates across key commercial centers in Nigeria through an established network of regional branch offices, agency channels, and corporate broker relationships. Staco Insurance PLC organizes its underwriting portfolio across specialized non-life product lines, including fire and special perils insurance; motor vehicle insurance covering private, commercial, and fleet vehicles; marine insurance comprising marine cargo and marine hull coverage; aviation insurance; oil, gas, and energy insurance for upstream and downstream operations; engineering and construction insurance encompassing contractors' all risks, erection all risks, and machinery breakdown; bond and financial guarantee insurance including bid bonds, performance bonds, and advance payment guarantees; and general accident insurance covering group personal accident, public liability, product liability, professional indemnity, burglary, fidelity guarantee, goods-in-transit, and money insurance. In recent developments, Staco Insurance PLC has undertaken an extensive corporate restructuring and recapitalization program to satisfy statutory capital frameworks prescribed by the National Insurance Commission (NAICOM), facilitating the resolution of regulatory compliance requirements and the lifting of its trading suspension on the Nigerian Exchange. The company has reconstituted its board of directors and executive management team, introduced modernized digital underwriting and automated claims settlement platforms, and formed strategic distribution alliances with brokers and financial intermediaries to accelerate retail market penetration and strengthen enterprise balance sheet capacity.