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2017/2018 NSE FACT BOOK 2017/2018 NSE FACT BOOK
The Performance Documentary of Listed Nigerian Companies The Performance Documentary of Listed Nigerian Companies

MAIN BOARD MAIN BOARD
MUTUAL BENEFITS ASSURANCE PLC FINANCIAL SERVICES N.E.M INSURANCE CO (NIG) PLC. FINANCIAL SERVICES

HEAD OFFICE: CONSOLIDATED STATEMENT OF FINANCIAL POSITION HEAD OFFICE: CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Aret Adams House,233 Ikorodu 199, Ikorodu Road, Obanikoro, Lagos
Road,ilupeju ,lagos --------------------------------------------------
-------------------------------------------------- 2016 2015 2014 2013 TELEPHONE: 2017 2016 2015 2014 2013
TELEPHONE: N'000 N'000 N'000 N'000 (+234) 01-4489560-9 N'000 N'000 N'000 N'000 N'000
(+234 ) 01 3429018-9, 07045251029, --------------------------------------------------
08083333151 Property, plant and equipment 4,024,297 3,850,522 5,905,509 5,436,785 EMAIL: Property, plant and equipment 2,864,796 2,819,986 2,694,001 2,213,264 1,284,191
-------------------------------------------------- Intangibles 73,531 89,646 99,133 26,393 nem@nem-insurance.com Intangibles 18,997 20,747 13,083 5,627 18,851
EMAIL: --------------------------------------------------
info@mbaplc.com Inventories 1,332,864 1,533,164 3,020,272 3,574,848 Inventories
-------------------------------------------------- Receivables 35,300,747 26,804,254 21,813,791 19,505,105 WEBSITE: Receivables 723,535 668,040 531,497 209,493 496,007
WEBSITE: www.nem-insurance.com
www.mbaplc.com Cash and bank balances 10,734,374 14,016,106 13,207,978 3,702,341 -------------------------------------------------- Cash and bank balances 3,328,800 3,471,854 3,387,674 3,446,995 3,865,965
-------------------------------------------------- Total Assets 51,465,813 46,293,692 44,046,683 32,245,472 ISSUED SHARE CAPITAL: Total Assets 17,564,096 14,492,410 12,484,310 11,199,117 10,045,877
ISSUED SHARE CAPITAL: N2,640,251,000 divided into
N4,000,000,000 5,280,502,913 ordinary shares of
-------------------------------------------------- Current liabilities 1,774,062 1,338,040 593,888 882,302 0.50k each Current liabilities 7,734,578 7,006,438 6,175,992 4,864,581 5,013,284
DATE OF INCORPORATION: Non-current liabilities 42,678,983 37,310,482 36,965,059 28,978,875 -------------------------------------------------- Non-current liabilities 91,910 84,824 108,956 468,761 336,900
14 April 1995 Total Liabilities 44,453,045 38,648,522 37,558,947 29,861,177 DATE OF INCORPORATION: Total Liabilities 7,826,488 7,091,263 6,284,948 5,333,342 5,350,184
-------------------------------------------------- 2 April 1970
DATE LISTED ON THE EXCHANGE: Share capital 4,000,000 4,000,000 4,000,000 4,000,000 -------------------------------------------------- Share capital 2,640,251 2,640,251 2,640,251 2,640,251 2,640,251
28 May 2002 Share premium - - - - DATE LISTED ON THE EXCHANGE: Share premium 272,551 272,551 272,551 272,551 272,551
-------------------------------------------------- Retained earnings (1,838,814) (246,829) (893,909) (4,597,996) 01 January 1989 Retained earnings 3,658,357 1,860,580 628,262 560,107 30,366
NSE SECTOR CLASSIFICATION: --------------------------------------------------
Insurance Carriers, Brokers and Services Total Equity 7,012,768 7,645,169 6,487,736 2,384,295 NSE SECTOR CLASSIFICATION: Total Equity 9,737,608 7,401,148 6,199,362 5,865,775 4,695,693
-------------------------------------------------- Total Liabilities and Equity 51,465,813 46,293,691 44,046,683 32,245,472 Insurance Carriers, Brokers and Total Liabilities and Equity 17,564,096 14,492,410 12,484,310 11,199,117 10,045,877
BOARD OF DIRECTORS:
Services
Dr. Akin Ogunbiyi Chairman --------------------------------------------------
Mr Babatunde Dabiri Vice Chairman BOARD OF DIRECTORS:
Admiral Festus Porbeni Rtd Non
Executive Director Dr. Fidelis Ayebae
Mr. Michael Govan (American) Non Mr. Tope Smart
Executive Director CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Mrs. Abisola Giwa-osagie CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Dr. Eze Ebube (American) Non Executive Ms. Stella Omoraro
Director Mr. Andrew Ikekhua
Professor Patrick Okedinachi Utomi Non 2016 2015 2014 2013 Chief Ede Dafinone 2017 2016 2015 2014 2013
Executive Director N'000 N'000 N'000 N'000 Mrs. Olayinka Aletor N'000 N'000 N'000 N'000 N'000
Mr. Soye Olatunji Non Executive Mrs. Joy Teluwo
Director Gross Premium 12,143,610 14,598,070 15,451,048 8,125,494 Alh. Ahmed I. Yakasai Gross Premium 13,416,270 10,757,674 10,895,711 9,836,596 8,933,345
Mr. Lamis Shehu Dikko Non Executive -------------------------------------------------- Profit before tax 3,094,769 2,145,772 598,838 1,766,771 544,410
Director Profit/(Loss) before tax (1,068,666) 1,195,271 4,980,892 911,075 COMPANY SECRETARY:
Mr. Akinboye Oyewumi Non Executive Taxation (277,620) (303,500) (758,954) (355,325) Mrs. Olajumoke Philip-akede Taxation (319,499) (327,974) 114,864 (241,451) (149,350)
Director Profit after tax 2,775,270 1,817,798 713,702 1,525,320 395,060
Profit/(Loss) after tax (1,346,286) 891,771 4,221,938 555,750 Address: NEM Insurance Plc, 199,
Ms Kadaria Ahmed Non Executive Transfer to revenue reserve 3,658,357 1,860,580 628,262 560,107 30,366
Director Transfer to revenue reserve (241,120) (349,622) (505,662) (184,147) Ikorodu Road, Obanikoro, Lagos
Mr. Olusegun Ayo Omosehin Managing Email: olajumokephilipakede@nem-
Director - General insurance.com Profit attributable to:
Mr Femi Asenuga Managing Director-life Profit attributable to: Telephone: (+234)7089000000
Mr Biyi Ashiru-mobolaji Executive owners of the Company 6,889,161 7,518,015 6,464,597 2,141,679 -------------------------------------------------- owners of the Company 2,775,270 1,817,798 713,702 1,525,320 395,060
Director-operations AUDITORS Non-controlling interest - - - - -
-------------------------------------------------- Non-controlling interest 123,607 127,154 23,139 242,616 Siao (Chartered Accountants)
COMPANY SECRETARY: 7,012,768 7,645,169 6,487,736 2,384,295 Address: 18b, Olu Holloway Road, Off
Abdulai Taiwo & Co Alfred Rewane Road,falomo, Ikoyi Earnings per 50k share [k] 53 34 14 29 7
Earnings per 50k share [k] (17) 10 53 6.95
Address: Goodwill House,278 Ikorodu Email: enquiries@siao-ng.com Net assets per 50k share [k] 53 34 14 29 7
Road,lagos. Net assets per 50k share [k] (17) 10 53 6.95 Telephone: (+234)014630871-2
Email: law@abdulaitaiwo.com.ng --------------------------------------------------
Telephone: (+234)12790737 COMPANY REGISTRARS:
Mobile: (+234) 08191426614 Apel Capital Registrars Limited
-------------------------------------------------- Address: 8, Alhaji Bashorun Street,
AUDITORS Off Norman Williams Crescent, South
Ernst & Young West, Ikoyi, Lagos
Address: UBA House,10th And 13th Telephone: (+234) 01-2932121,
Floors,57 Marina,lagos. 07046126698
Email: services@ng.ey.com --------------------------------------------------
Telephone: (+234) 01-6314500 CAPITAL STRUCTURE:
-------------------------------------------------- Authorized: N4,200,000,000
COMPANY REGISTRARS: Paid Up: N2,640,215,000
Meristem Registrar Limited
Address: 213 Herbert Macaulay Way,
Adekunle, Yaba, Lagos.
Email: info@meristemregistrars.com
Telephone: (+234)-01-8920491-2
--------------------------------------------------
CAPITAL STRUCTURE:
Authorized: 20,000,000,000 Ordinary
2017/2018 NSE FACTBOOK Paid Up: 8,000,000,000 Ordinary 2017/2018 NSE FACTBOOK
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