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Nic Holdings Limited (Uganda)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Property and Casualty Insurance Carriers
Full name: Nic Holdings Limited Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

National Insurance Corporation Limited (NIC) is a leading provider of insurance and risk management services in Uganda. Established by an Act of Parliament in 1964, NIC has a rich history of servicing the needs of our Government and private sector clients.The objective of NIC is to be the leading and most-trusted insurance company in Uganda and East African sub-region. NIC is the biggest Life operator in Uganda with an enviable pedigree of service excellence, a superior customer care culture and top-drawer international business contacts.

Headquarters
Nic Building, Plot 3 Pilkington Road, P.O. Box 7134
Kampala; Central;

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Website: http://www.nic.co.ug

Basic Information
Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2000
Key Executives
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Chairman
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Vice 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
Ownership Details
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0.44%
Subsidiaries
Nic General Insurance Company Limited
Nic Life Insurance Company Ltd
Company Performance
Financial values in the chart are available after Nic Holdings Limited report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency UGX. Absolute financial data is included in the purchased report.
Net insurance premium revenue
1.52%
Operating profit (EBIT)
53.3%
Net Profit (Loss) for the Period
39.2%
Total assets
12.62%
Total equity
19.02%
Net Premiums Earned Trend
-98.93%
Net Profit Trend
-84.14%
Return on Equity (ROE)
1.05%
Underwriting Expenses Ratio
-11.57%

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