Mon Sep 6 2010
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GUARANTY TRUST ASSURANCE TO LIST ON THE STOCK EXCHANGE
 

Following the approval by the Quotation Committee of the Nigerian Stock Exchange, the shares of Guaranty Trust Assurance plc (GTAssurssur) are to be listed on the official list of the Nigerian Stock Exchange. The company will list a total of 10billion units of its shares by way of introduction to the public.

One of the most profitable companies in the insurance industry, GTAssurssur's Gross Premium Income over the last 5 years has risen from N136 million in 2004 to N4.14 billion in 2008. Also, the company's Profit before Tax has also grown rapidly from a loss of N37 million in 2004 to a profit of N2.01 billion in 2008.

With a growing market share of the industry, GTAssurssur's CAGR (Compounded Annual Growth Rate) currently stands at an impressive 98% percent.The company recently paid a dividend of 15 kobo per share to its shareholders for the financial year-ended 2008. This represented a 150% increase on the dividend payout in 2007.

Guaranty Trust Assurance plc is a provider of value-added services and products to discerning customers across the corporate and retail markets.  It has established a wide distribution network via bancassurance and agents whilst retaining strong relationships with leading insurance broking firms in the country.  It has strong financials and a dynamic management team. These have been acknowledged consistently by its award of good risk ratings, the latest being an Aa- risk rating by Agusto & Co which is the highest is rating assigned to an insurance company in Nigeria.

Guaranty Trust Assurance plc is a subsidiary of GTBank.


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