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  1. Homepage
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  5. Sovereign Trust Insurance Plc
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    SOVRENINS   NGSOVRENINS5

SOVEREIGN TRUST INSURANCE PLC

(SOVRENINS)
  Report
End-of-day quote Nigerian Stock Exchange  -  2022-11-27
0.2800 NGN    0.00%
10/28Sovereign Trust Insurance Plc Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
CI
10/28Sovereign Trust Insurance : Quarter 3 - financial statement for 2022
PU
09/23Sovereign Trust Insurance : Earnings forecast
PU
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Business Summary
Sovereign Trust Insurance Plc is a non-life insurance group organized around 6 areas of activity:

- energy insurance (35.9% of gross written premiums);

- motor insurance (18.9%);

- fire and property insurances (15.2%);

- contractors' all risks and engineering insurances (13.7%);

- marine and aviation insurances (8.6%);

- accident insurance (7.7%).

All gross written premiums are in Nigeria.

Number of employees : 170 people.
Sales per Business
20202021Delta
Motor1 637.0121.7%2 700.2533.5% +64.95%
Car and Engineering1 294.4017.1%1 422.0517.7% +9.86%
Oil and Gas1 924.5025.5%1 322.6016.4% -31.28%
Fire and Property1 554.3720.6%1 253.5415.6% -19.35%
Marine and Aviation629.618.3%768.469.5% +22.05%
General Accident517.906.9%588.677.3% +13.66%
NGN in Million
Sales per region
20202021Delta
Nigeria7 557.80100%8 055.56100% +6.59%
NGN in Million
Managers
Name Title Age Since
Olaotan Soyinka Chief Executive Officer, MD & Director - -
Kayode Adigun GM, Divisional Head-Finance & Administration - 2014
Olalekan Oguntunde Head-Information & Communications Technology - 2006
Jude A. Modilim Executive Director & Head-Technical - -
Sanni Oladimeji Head-Risk Management & Compliance - 1995
Ugochi Odemelam Executive Director & Head-Marketing - -
Tajudeen Rufai Assistant GM & Head-Technical Operations - -
Emmanuel Anikibe Assistant GM & Head-Brokers Department 2 - -
Victoria Eze Head-Lagos Operations - -
Samuel Oseni Assistant General Manager & Head-Internal Audit - -
Members of the board
Name Title Age Since
Oluseun Olabode Ajayi Chairman - -
Musa Shehu Independent Non-Executive Director - 2011
Ugochi Odemelam Executive Director & Head-Marketing - -
Olaotan Soyinka Chief Executive Officer, MD & Director - -
Emi Faloughi Non-Executive Director - -
Jude A. Modilim Executive Director & Head-Technical - -
Abimbola Oguntunde Non-Executive Director - -
Equities
Vote QuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 11,364,466,014 6,803,039,820 59.9% 0 0.0% 59.9%
Markets and indexes
- Main Board
- NGX All Share Index /
Stock Exchange Codes
- Bloomberg Code :  SOVRENIN:N
- Reuters Code :  SOVRENI.LG
- Datastream Code :  
Company contact information
Sovereign Trust Insurance Plc
17 Adetokunbo Ademola Street
NG- Lagos

Phone : +234 1 461 5006 9
Fax :
web site : http://stiplc.com
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