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Last 0.50 NGN
Change Today 0.00 / 0.00%
Volume 0.0
As of 9:31 AM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

law union and rock insur plc (LAWUNION) Snapshot

Previous Close
Day High
Day Low
52 Week High
07/14/14 - 0.51
52 Week Low
03/31/14 - 0.50
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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law union and rock insur plc (LAWUNION) Details

Law Union and Rock Insurance Plc provides non-life insurance policies in Nigeria. Its products include automobile, fire, burglary, householder and houseowners comprehensive, group personal accident, all risks, workmen’s compensation, general third party liability, marine, professional indemnity, goods-in-transit, money, fidelity guarantee, engineering, oil and gas, and bonds insurance policies. The company was founded in 1951 and is headquartered in Lagos, Nigeria.

Founded in 1951

law union and rock insur plc (LAWUNION) Top Compensated Officers

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Executives, Board Directors

law union and rock insur plc (LAWUNION) Key Developments

Law Union & Rock Insurance plc Announces Management Changes

Law Union & Rock Insurance plc has hired Akinjide Orimolade as its new managing director/CEO, to fast track and further deepens the ongoing rejuvenation and turnaround of the company. The appointment takes place after receiving approval from its board of directors; however it is subject to approvals from relevant regulatory bodies. In this new role, Orimolade will replace the company's former CEO Toyin Ogunseye. Orimolade earlier served at AIICO General Insurance as a managing director. He has more than 22 years of experience in Insurance marketing, general underwriting and claims administration.

Law Union & Rock Insurance Plc Announces Executive Changes

Law Union & Rock Insurance Plc appointed Messrs Ajibola Olayinka and Folarin Familusi as non-Executive Directors in the company. Also, former Director, Mr. Issac Ajana has retired from the board of the company and was replaced by Mr. Seni Kusamotu. The appointees would help strengthen the board and assist the firm to unlock its enterprise value as well as ramp-up the ongoing transformation in the company. Olayinka has 26 years of experience spanning across auditing, accounting and business advisory consulting; financial reporting and controls; banking and financial services; oil and gas controllership; real estate and construction; general and executive management; change management and entrepreneurship. Familusi is a professional business administrator and is currently the Executive Director, Operations at Swede Control Intertek Limited.

Law Union & Rock Insurance Plc Announces Earnings Results for the Year Ended December 31, 2013

LAW Union & Rock Insurance Plc announced earnings results for the year ended December 31, 2013. For the year, the company reported profit after tax of NGN 485 million against a loss of NGN 1.3 billion in 2012. Profit before tax was NGN 459 million as against a loss of NGN 1.1 billion in 2012.


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Valuation LAWUNION Industry Range
Price/Earnings 3.9x
Price/Sales 0.5x
Price/Book 0.3x
Price/Cash Flow 3.9x
TEV/Sales NM Not Meaningful

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