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Last 0.50 NGN
Change Today 0.00 / 0.00%
Volume 0.0
As of 9:30 AM 10/6/15 All times are local (Market data is delayed by at least 15 minutes).

law union and rock insur plc (LAWUNION) Snapshot

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Day High
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52 Week High
10/8/14 - 0.50
52 Week Low
10/8/14 - 0.50
Market Cap
Average Volume 10 Days
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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 Executive Changes, Effective 8 October 2015

Law Union & Rock Insurance Plc announced that its Chief Finance Officer, Mr. Olusola Fowora will be resigning on personal health grounds with effect from 8 October 2015. Consequently, the Board of the Company has approved the appointment of the current Head, Financing Reporting and Budget, Mr. Tunde Olaonipekun as the Acting Chief Finance Officer, effective from 8 October 2015. Mr. Tunde Olaonipekun will act in that capacity pending the appointment of a substantive Chief Finance Officer.

Law Union & Rock Insurance plc Announces Unaudited Earnings Results for the First Quarter Ended March 2015

Law Union & Rock Insurance Plc announced unaudited earnings results for the first quarter ended March 2015. For the quarter, the company's profit before tax rose to NGN 333.7 million as from NGN 227.8 million in 2014 while it recorded a profit after tax of NGN 283.6 million compared to NGN 193.6 million achieved in 2014. There was a decline in underwriting profit to NGN 434.25 million from NGN 467.31 million in the corresponding period in 2014 as a result of decline in the gross premium written from NGN 1.76 billion to NGN 1.31 billion.

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.


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Valuation LAWUNION Industry Range
Price/Earnings 3.5x
Price/Sales 0.5x
Price/Book 0.4x
Price/Cash Flow 3.8x
TEV/Sales NM Not Meaningful

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