The company established a reputation for exceptional competence in the delivery of customer-centric services and product innovation.
The history of Guinea Insurance Plc traces back to 1948 when British West African Corporation Limited (BEWAC) opened an Insurance Department and became Chief Agents in Nigeria for Legal and General Assurance Society Limited of London.
The Agency was extended to Norwich Union Fire Insurance Society Limited, United Kingdom in 1950. Due to Business Growth and to maximize available opportunities, Legal & General Assurance Society Limited, Northern Region Development Corporation Limited, Norwich Union Fire Insurance Society Limited, and British West African Corporation Limited jointly incorporated an insurance Company.
In turn, Guinea Insurance Company Limited became operative from December 3, 1958. Overseas shareholders held 51% majority shares before the indigenization decree of 1976, reversed the holding to 60% Nigerian interest, 40% overseas.
In 1988 the Overseas Shareholders divested their 40% holding to existing Nigerian Shareholders making the Company 100% Nigerian.
Today, Guinea Insurance Plc has a diversified portfolio in the financial value chain and renders the following services:
- Fire and Special Perils Insurance
- Burglary/Theft Insurance
- All Risk Insurance
- Workmen’s Compensation
- Personal Accident/Group Personal Accident
- Motor Insurance
- Public Liability Insurance
- Bonds Insurance
- Contractors All Risk Insurance
- Erection All Risk Insurance
- Machinery Breakdown Insurance
- Marine Cargo Insurance
- Marine Hull Insurance
- Fidelity Guarantee
- Oil & Gas Insurance
- Aviation Insurance
- Consequential Loss Insurance
- House Owner/Householders Insurance
- Money Insurance
- Professional Indemnity Insurance
- Electronic Equipment Insurance
- Good-in-transit Insurance
- Plant All-risk Insurance
- Travel Insurance
- Homeshield Insurance
It is managed by highly skilled and committed professionals, driven by modern technology and supported by vibrant and resourceful Board of Directors. The CEO is Godson Chukwudi Ugochukwu, Esq.
Guinea Insurance Plc's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol GUINEAINS.
Guinea Insurance Plc has its headquarters at Guinea Insurance House, 33 Ikorodu Road, Jibowu, Lagos. In addition, the company has a wide range network of branches spreading all over the country to provide optimum service to its clients.
Guinea Insurance Plc forms part of the Financial Sector: Life, Special Risks and General Insurance Business. The company operates through the following business segments: Motor, Marine & Aviation, General Accident and Fire.
Guinea Insurance Plc Stock Performance
The current price for Guinea Insurance Plc stocks is 0.20 Nigerian Naira (NGN). The company has a total market capitalisation of 1.23 NGN with a P/E ratio of 20.00 and earnings per share of 0.01 NGN. A total of 6.14B shares are outstanding.
With an increase of earnings per share and consistent profits over a period, investors who want to buy or sell Guinea Insurance Plc stocks can be assured of lucrative dividends and earnings in times to come.
According to an analysis on the live chart of Guinea Insurance Plc, analysts forecast further improved performance with market share growing as trading volumes increase.
Highlights of Guinea Insurance Plc in 2021
Guinea Insurance Plc started the year with a share price of 0.20 NGN, ranking 112th on the NGX where year-to-date performance is concerned.
During the period August to November 2021, Guinea Insurance Plc has experienced a total trading volume of more than 516,069 shares, which were finalized in 60 deals and were valued at a total of NGN 103,214 over the three months, with an average of 8,192 shares in each trading session.
The highest volume shares traded on one single day was 100,000.
How to buy Guinea Insurance Plc stocks – Step by Step
The stock market is one of the most attractive financial markets that sees millions of retail investors and traders' participation daily. To buy, sell or trade Guinea Insurance Plc stocks, traders and investors can follow a few simple steps:
- Find the share that you want to buy, in this case, “GUINEAINS”.
- Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
- Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
- Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
- You are now ready to make your first share purchase through the broker.
- You can further start to build and diversify your portfolio by buying more shares.
