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

STANDARD ALLIANCE INSURANCE PLC

1. Head Office: Plot 281, Ajose Adeogun Street, Victoria Island, Lagos Tel: 234-01-4616201-3 Fax: 234-01-4619199 2. Nature of Business: Life and Non-Life Insurance Businesses. 3. Date of Incorporation: July, 1981 and commenced full operations in 1982 under the name of Jubilee Insurance Company Limited. Changed name to present form in August 2003. 4. Date Listed on The Exchange: 19th December, 2003 5. NSE Classification: Insurance 6. Board of Directors: Alhaji Aliyu Yahaya Sa’ad - (Chairman) Olorogun O’tega Emerhor, OON, (Vice Chairman) Mr. Bode Akinboye, (MD/CEO) Brig. Gen. Dominic Oneya (Rtd.) Dr. Ramsey Mowoe, CON Dr. Ausbeth Ajagu Mr. Ayodele Ajayi Lt. Col. Paul Obi (Rtd.) Alhaji Mohammed Hassan Mr. Okey Nwosu 7. Company Secretary: Agnes Umukoro 81, Ajose Adeogun Street, Victoria Island, Lagos.

8. Auditors: Muhtari Dangana & Co. (Chartered Accountants) 9. Company Registrars: Zenith Registrars Limited 1 Ade-Odedina Street, Victoria Island, Lagos. 10. End of Accounting Year 31st December 11. Subsidiaries/Associates Standard Alliance Life Assurance Limited Standard Alliance Pension Managers Ltd. Standard Alliance Money Limited Standard Alliance Properties Limited Lagoon Home Savings and Loans Limited 12. Number of Employees 205 13.Capital Structure i. Authorised: N4,250,000,000.00 ii. Paid-Up N1,750,000,000.00 13. Structure of Shareholding Nigerian Citizens and Associations 100%

FIVE-YEAR FINANCIAL SUMMARY CAPITAL EMPLOYED 2007 2006 2005 2004 2003 N’000 N’000 N’000 N’000 N’000 Cash and Bank Balances 34,903 35,250 30,367 31,250 37,386 Short term Investments 170,880 571,480 162,204 433,006 515,792 Debtors and prepayments 1,194,853 1,460,570 862,448 586,226 402,432 Long term investments 4,969,514 558,255 831,615 787,690 96,000 Statutory Deposits 315,000 35,000 35,000 35,000 35,000 Fixed Assets 703,296 501,654 455,304 241,535 190,427 ------------ ------------ ------------ ----------- ----------- 7,388,446 3,162,209 2,376,938 2,114,707 1,277,037 ------------ ------------ ------------ ----------- ----------- Creditors 1,049,994 1,521,091 707,429 682,424 643,382 ------------ ------------ ------------ ----------- ----------- Net Assets 6,338,452 1,641,118 1,669,509 1,432,283 633,655 ====== ====== ====== ====== ====== FINANCED BY: Shareholders’ Funds: Share Capital 3,571,587 735,000 490,000 350,000 350,000 Bonus reserve - 86,742 245,000 140,000 - Share Premium 654,777 4,068 4,068 4,068 144,068 Profit and loss 308,011 149,436 56,724 137,606 50,162 Contingency Reserves 303,865 220,471 154,255 119,555 89,425 Revaluation reserve 14,299 14,299 - - - Investment reserve 1,485,913 431,102 719,462 681,054 - ------------ ------------ ------------ ----------- ----------- 6,338,452 1,641,118 1,669,509 1,432,283 633,655 ====== ====== ====== ====== ====== PROFIT AND LOSS ACCOUNT: Gross Premium Earned 2,120,134 1,481,826 1,273,943 1,108,288 1,029,018 ====== ====== ====== ====== ====== Underwriting profit 1,250,312 983,270 829,732 590,995 545,194 Investment and Sundry Income 84,478 65,413 41,520 48,801 63,695 ------------ ------------ ------------ ----------- ----------- 1,334,791 1,048,683 871,252 639,796 517,889 Less Management expenses 890,498 675,199 635,835 491,178 406,587 ------------ ------------ ------------ ----------- ----------- Profit before tax 444,292 375,484 235,417 148,618 111,302 Taxation (27,323) (47,507) (36,599) (31,044) (4,862) Transfer to contingency reserve (83,394) (65,596) (34,700) (30,130) (26,514) ------------ ------------ ------------ ----------- ----------- Profit for the year 333,576 262,381 164,118 87,444 79,926 Loss from life business - (82,928) - - - Profit brought forward 149,435 56,724 137,606 50,162 40,236 ------------ ------------ ------------ ----------- ----------- 483,011 236,177 301,724 137,606 120,162 ====== ====== ====== ====== ====== Appropriations Preference dividend (175,000) - - - - Bonus issue - (86,742) (245,000) - - Dividend - - - - (70,000) ------------ ------------ ------------ ----------- ----------- Retained profit at end of year 308,011 149,435 56,724 137,606 50,162 ====== ====== ====== ====== ====== Basic earnings per share 13.29k 22.21k 20.29k 16.80k 15.2k Earnings per share (Adjusted) - 22.21k 213.53k 12k 10.86k Diluted earnings per share 11.58k - - - - Dividend per share (adjusted) 7.5k - - - 10k ====== ====== ====== ====== ======

Important Note:

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

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