WAPIC INSURANCE PLCWW

WAPIC INSURANCE PLC

2.18NGND
−0.07−3.11%
At close at Mar 28, 13:30 GMT
NGN
No trades
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WAPIC fundamentals

Key facts

Market capitalization‪52.30 B‬NGN
Founded1958
CEOOlamide Olajolo
About

Coronation Insurance Plc is a full-line insurance company, which engages in underwriting the various classes of insurance such as general accident, fire, motor, engineering, marine insurance aviation, oil and gas, and other special risks. It operates through the General Business and Life Business segments. The General Business segment covers the protection of customers' assets particularly their properties, both for personal and commercial business and indemnification of other parties that have suffered damage as a result of customers' accidents. The Life Business segment handles the protection against risk of premature death, disability, critical illness, and other accidents. The company was founded on March 14, 1958 and is headquartered in Lagos, Nigeria.

Ownership
‪‪23.99 B‬‬
Free Float shares
‪‪14.61 B‬‬ (60.9%)
Closely held shares
‪‪9.38 B‬‬ (39.1%)
Free Float shares
‪‪14.61 B‬‬ (60.9%)
Closely held shares
‪‪9.38 B‬‬ (39.1%)
Capital structure
Market cap
‪‪52.30 B‬‬
Enterprise value
‪‪52.30 B‬‬

Valuation

Fundamental metrics to determine fair value of the stock

Summary
‪‪52.30 B‬‬
Price to earning ratio (P/E)
Price to sales ratio (P/S)
0.93x
Market Cap
Net income
Revenue
Price to earning ratio (P/E)
Price to sales ratio (P/S)
0.93x
Valuation ratios
‪0.00‬
‪0.25‬
‪0.50‬
‪0.75‬
‪1.00‬
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪1.60‬
‪3.20‬
‪4.80‬
‪6.40‬
P/E
P/S

Growth and Profitability

Company’s recent performance and margins

Performance
‪4.5%‬
‪17.5%‬
‪30.5%‬
‪43.5%‬
‪56.5%‬
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪‪4.00 B‬‬
‪‪8.00 B‬‬
‪‪12.00 B‬‬
‪‪16.00 B‬‬
Revenue
Net income
Net margin %
Revenue to profit conversion
Revenue
Total operating expenses
Op income
Non-operating income
Pretax income
Taxes & Other
Net income
‪‪−6.00 B‬‬
‪0.00‬
‪‪6.00 B‬‬
‪‪12.00 B‬‬
‪‪18.00 B‬‬
Revenue
Total operating expenses
Op income
Expenses & adjustments
Net income
‪0.00‬
‪‪4.00 B‬‬
‪‪8.00 B‬‬
‪‪12.00 B‬‬
‪‪16.00 B‬‬

Revenue breakdown

Revenue streams and regions a business earns money from

By source/business
Period: 2024
General
Life
By country
Period: 2024
Nigeria and Ghana

Dividends

Dividend yield, history and sustainability

WAPIC does not pay dividends
The company has not previously paid dividends and at the moment there is no information about whether it is going to pay them in the future

Financial health

Financial position and solvency of the company

Insurance reserves, claims and premiums
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪‪4.00 B‬‬
‪‪8.00 B‬‬
‪‪12.00 B‬‬
‪‪16.00 B‬‬
Insurance reserves
Policy claims
Premium earned
Capital allocation analysis
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
Reserve to total capital
Unearned premium to total capital