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Great Nigeria Insurance Plc (Nigeria)

Main Activities: Direct Life Insurance Carriers
Secondary Activities: Direct Title Insurance Carriers
Full name: Great Nigeria Insurance Plc Profile Updated: December 12, 2025
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Great Nigeria Insurance Plc was incorporated on 24th February 1960 as a Limited Liability Company but became a member of the Nigerian Stock Exchange (NSE) in 2005 and registered to transact all classes of Insurance Business with a shareholder’s funds in excess of N6 Billion. The Company has a solid financial base, a responsive Board and a dynamic management team. With this background, The Company is fully focused on customer satisfaction and poised to face the challenges of the 21st century. Over the years, the company had built-up Assets in excess of N7.5 Billion and the company’s imposing edifice; Great Nigeria House at 47-57 Martins Street Lagos, Great Nigeria Insurance Plc Towers at 39/41 Martins Street, GNI Complex at 8, Omo-Osagie Street, Off Awolowo Road, S/W Ikoyi, Lagos which houses its corporate headquarters in Lagos and many other GNI Houses in various locations nationwide, bear eloquent testimony to its great financial strength. Now, a member of the WEMA Group with over 109 on-line real-time distribution outlets and consolidated asset base in excess of N7.5 Billion.

Headquarters
8, Omo Osagie Street, Off Awolowo Road Gni Complex, Ikoyi West
Lagos; Lagos;

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Website: http://www.greatnigeriaplc.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
January 15, 1960
Key Executives
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Chairman
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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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Chief Executive Officer
Ownership Details
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75%
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9%
Subsidiaries
Gni Healthcare Limited
82.91%
Gni Capital Management Limited
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency NGN. Absolute financial data is included in the purchased report.
Net insurance premium revenue
57.8%
Operating profit (EBIT)
83.79%
Net Profit (Loss) for the Period
136.07%
Net Premiums Earned Trend
7.6%
Net Profit Trend
N/A
Loss Ratio
13.64%
Underwriting Expenses Ratio
-2.15%

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