Mansard Insurance plc has again been recognised as one of the top quartile (first place in Insurance category) of publicly listed Growth Strategy Leaders in Nigeria for the year 2015.
This award – “best of the best” – growth companies listed on the Nigerian Stock Exchange in Nigeria was presented by MSY Analytics (a teaming partner and Nigerian representative of global research and growth consulting giant, Frost & Sullivan).
According to MSY Analytics, “using a weighted scoring methodology, the performance and financials of all publicly traded companies on Nigerian Stock Exchange (NSE) as of December 31, 2014, were evaluated across several metrics such as total shareholder returns, revenue growth and profitability growth. From within this pool, we selected elite group of 10 top companies per industry and Mansard ranked #1 in the Insurance industry.”
The organisers said that emerging and frontier markets represent over 50 percent of world GDP and over 2/3 of global growth and thus a strategic focus area for investors around the world. While African continent is home to several of these markets, Nigeria (a key frontier market) enjoys a unique position as the largest GDP in Africa.
Moreover, Nigerian stock market was among the 10 best performing markets around the world during 2013, and is expected to be an attractive market for both domestic as well as global investors for coming decades.
On receiving the award, Taiwo Adeleye, head of Mansard’s marketing and corporate communications group, appreciated MSY Analytics for the honour, and said that Mansard had remained the biggest insurance company on the NSE for several years. The 2015 Growth Strategy Leaders award was presented during the Wharton Club of Africa (WCA) Executive Investment Summit and CEO Forum 2015, in Lagos.
Mansard Insurance plc is a member of the AXA Group, the worldwide leader in insurance and asset management with 157,000 employees serving 102 million clients in 56 countries. Mansard was incorporated in 1989 as a private limited liability company and is registered as a composite company with the National Insurance Commission of Nigeria (NAICOM).
The company offers life and non-life insurance products and services to individuals and institutions across Nigeria while also offering asset/investment management services, medical insurance solutions and pension fund administration through its three subsidiaries – Mansard Investments Limited, Mansard Health Limited and Penman Pensions Limited. The company was listed on the NSE in November 2009, and has market capitalisation in excess of N30 billion thereby remaining the biggest insurance company on the NSE.
Modestus Anaesoronye
