THE NIGERIAN STOCK EXCHANGE FACTBOOK 2008

Published Under the Authority

of the Council of:

THE NIGERIAN STOCK EXCHANGE

STOCK EXCHANGE HOUSE

2/4 Customs Street,

P.O. Box 2457, Lagos

Telephone: 234-01-2660287, 2660305, 2660335, 2669978, 2661293

Telex 23567 STEX.NG

Fax: 234-01-2668281, 2668724

E-mail: nse@nigerianstockexchange.biz

Website:www.nigerianstockexchange.com

BRANCHES:

Abuja (Area Office)

Kaduna

Port Harcourt

Kano

Onitsha

Ibadan

Yola

Benin

Ilorin

Uyo

EDITORIAL BOARD

Prof. Ndi Okereke-Onyiuke, PhD, OON (Chairman)

Mr. Kene Okafor (Editor)

Mr. Farooq Oreagba (Editor)

Mr. Arize Nwobu (Deputy Editor)

Copyright:

The Nigerian Stock Exchange

ISBN 978 0262 - 1 - 6

Design/Typesetting by: Management Information Technology Department of The Nigerian Stock Exchange, 2/4 Customs Street, Lagos.

Produced by:

Pathway Communications Ltd.,

5/6, Adekunle Odunlami Crescent,

Next to AfriBank Estate,

Ilupeju - Lagos.

Nigeria.

Tel: 01-7911733

FACTBOOK 2008

LAW UNION & ROCK INSURANCE PLC

1. Head Office: 14, Hughes Avenue, Alagomej1, Yaba, P. O. Box 944, Lagos. Tel: 234-01-8995010-15, 7742073. Fax: 234-01-5854066, 861221, 5850054; Telex: 28427 LURTEX E-mail: enquiry@lur-ng.com 2. Nature of Business: All Aspects of Insurance Business, including Life and Non-Life Assurance. 3. Date of Incorporation: 17th June, 1969 4. Date Listed on The Exchange: 9th July, 1990 5. NSE Classification: Insurance. 6. Board of Directors: Col. Sani Bello (Rtd), (Chairman) Mr. Akinsola Akinfemiwa (Vice Chairman) Mr. Olumide Falohun (MD/CEO) Mr. Segun Oloketuyi Mr. Femi Akingbe Dr. G. S. Ihetu Mr. Benjamin Sunday Oke Mr. Steve Akinretoye Mr. I. O. Ajana Prof. C. O. Ekwueme 7. Company Secretary: Ademola Adejumo 13, Hughes Avenue Alagomeji, Yaba, Lagos.

8. Auditors: Akintola Williams Deloitte (Chartered Accountants) 235, Ikorodu Road, Lagos. 9. Company Registrars: City Securities (Registrars) Limited, Primrose Tower, 17a, Tinubu Street, Lagos. P.O. Box 9117 Lagos 10. Subsidiaries/Associates: None 11. End of Accounting Year 31st December 12. Number of Employees: 121 13.Capital Structure i. Authorised: N350,000,000.00 ii. Paid-Up N350,000,000.00

FIVE-YEAR FINANCIAL SUMMARY ASSETS 2006 2005 2004 2003 2002 EMPLOYED: N‘000 N‘000 N‘000 N‘000 N‘000 Cash and bank balance 42,953 84,217 46,515 39,707 35,554 FGN Treasury Bills 60,000 - - - - Short-term investments 287,190 315,323 361,305 224,661 225,173 Debtors and prepayments 3,627,327 640,138 467,367 467,991 326,094 Long term investments 316,547 345,945 356,640 162,501 118,339 Investment properties 200,000 55,000 19,700 19,700 19,700 Statutory Deposit 35,000 35,000 35,000 13,500 13,500 Fixed assets 299,166 426,890 207,132 220,160 218,033 ———— ———— ———— ———— ——— Total assets 4,868,183 1,902,513 1,493,659 1,148,220 956,393 ====== ====== ====== ====== ====== LIABILITIES: Bank overdraft - - - 1,853 - Creditors and accruals 272,648 304,766 362,519 325,517 263,707 Outstanding claims 176,956 216,166 216,651 196,121 144,222 Insurance funds 381,838 217,202 128,650 164,977 123,869 Deposit for shares 2,681,064 - - - - Tax payable 43,089 30,547 16,769 21,845 - Admin. deposits 37,117 25,209 30,396 35,567 55,889 Staff pension and gratuity fund 59,376 57,162 75,053 36,219 29,719 Deferred Taxation 9,001 9,001 14,745 14,745 14,012 ———— ———— ———— ———— ——— 3,661,089 860,053 796,844 766,844 631,418 ====== ====== ====== ====== ====== CAPITAL AND RESERVES: Share Capital 500,000 350,000 350,000 100,000 100,000 Sinking Fund Reserve 3,000 3,000 3,000 3,000 2,750 Contingency Reserve 143,928 104,931 83,471 83,472 67,008 General reserve 48,294 (77,343) (208,251) 27,000 17,312 Share premium account 119,557 119,557 269,557 - - Bonus issue reserve - 150,000 - - - Revaluation reserve 392,315 392,315 151,099 137,905 137,905 ———— ———— ———— ———— ——— Shareholders’ funds 1,207,094 1,042,461 648,876 351,376 324,975 ———— ———— ———— ———— ——— 4,868,183 1,902,513 1,493,659 1,148,220 956,393 ====== ====== ====== ====== ====== TURNOVER AND PROFIT: Gross premium 1,332,582 1,106,408 729,932 877,146 - ====== ====== ====== ====== ====== Premiums earned 1,019,177 722,661 483,143 534,781 323,816 ====== ====== ====== ====== ====== Profit/(Loss) before taxation 179,352 165,000 (228,982) 68,168 49,159 Profit/(Loss) after taxation 164,633 152,368 (235,251) 56,214 36,536 Dividend - - - (30,000) (24,000) PER 50K SHARE DATA (IN KOBO) Earnings (basic) 16 22 (34) 28 18 Dividend (actual) - - - 15 12 Dividend cover (times) - - - 2 2 Net assets - adjusted 119 149 91 50 46 NOTE: Earnings and dividend per share are based on profit after tax and the number of the issued share capital at 31st December of every year. Net assets per share based on the number of issued shares at 31st December of every year.

Important Note:

While every effort is made to ensure accuracy, no responsibility is accepted for any error, which may occur in this book.

Home | The Stock Exchange| Quoted Companies | Issuing Houses | The Registrars

© Nigerian Stock Exchange

All Rights Reserved