Enterprise Group Limited(EGL) was incorporated on 24th November 2008, becoming the holding company of Enterprise Insurance Co. Ltd (EIC), Enterprise Life Assurance Co. Ltd (ELAC), Enterprise Trustees Ltd and Enterprise Properties Ltd. Enterprise Insurance Co. Ltd was established in 1924 and is the oldest insurance company in Ghana. EIC was listed on the Ghana Stock Exchange (GSE) in 1991 becoming the first insurance company to be publicly listed on the Ghana Stock Exchange. In 2001, the Board of EIC in Partnership with Sanlam (of South Africa) formed Enterprise Life Assurance Co. Ltd (ELAC).ELAC and Consortium House Ltd(a property development company) thus became subsidiaries of EIC. For the purposes of sustained growth and the ability to take advantage of profitable business opportunities in sectors of the economy apart from insurance as well as continually returning increased value to shareholders, clients and employees, a strategic re-organization of EIC and the relationship with its subsidiaries was necessary. Enterprise Group Limited was formally listed on the Ghana Stock Exchange on the 17th of November 2010.
Basic Information
Key Executives
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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9.94%
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2.27%
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1.74%
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1.41%
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1.3%
Subsidiaries
Acacia Health Insurance Ltd
100%
Enterprise Life Assurance Company (Nigeria) Limited (Nigeria)
100%
Enterprise Trustees Ltd
80%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency GHS. Absolute financial data is included in the purchased report.
Net insurance premium revenue
25.28%▲
Operating profit (EBIT)
4.46%▲
Net Profit (Loss) for the Period
8.68%▲
Net Premiums Earned Trend
5.42%▲
Net Profit Trend
-13.96%▼
Return on Equity (ROE)
-1.21%▼
Underwriting Expenses Ratio
-0.76%▼