Stock NICO HOLDINGS LIMITED
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Company NICO Holdings Limited Malawi S.E.

Equities

Life & Health Insurance

End-of-day quote Malawi S.E.
Other stock markets
- MWK - Intraday chart for NICO Holdings Limited
2023 NICO Holdings plc Reports Earnings Results for the Full Year Ended December 31, 2022 CI
2022 NICO Holdings plc Reports Earnings Results for the Half Year Ended June 30, 2022 CI

Business Summary

NICO Holdings Plc is one of the African largest financial services groups. Revenues (including intragroup) break down by activity as follows:

- life insurance and pension funds management (46.9%);

- banking services (23.8%);

- non-life insurance (18.4%);

- asset management (6.1%);

- investment holding (3.9%);

- other (0.9%): primarily IT services.

Revenues break down geographically as follows: Malawi (92.7%) and Zambia (7.3%).

Sales per Business

MWK in Million2021Weight2022Weight Delta
Long Term Insurance & Pension
44.1 %
119,422 50.7 % 134,104 44.1 % +12.29%
Banking
30.0 %
60,625 25.7 % 91,390 30.0 % +50.75%
Short Term Insurance
19.7 %
46,901 19.9 % 60,064 19.7 % +28.07%
Asset Management
7.7 %
15,569 6.6 % 23,286 7.7 % +49.57%
Eliminated on Consolidation
-6.2 %
-19,102 -8.1 % -18,792 -6.2 % -1.62%
Investment
3.8 %
10,032 4.3 % 11,421 3.8 % +13.85%
Information Technology
1.0 %
2,082 0.9 % 2,896 1.0 % +39.06%

Sales per region

MWK in Million2021Weight2022Weight Delta
Malawi
96.3 %
240,737 100.1 % 293,206 96.3 % +21.80%
Zambia
9.8 %
18,895 7.9 % 29,955 9.8 % +58.53%
Eliminated
-6.2 %
-19,102 -7.9 % -18,792 -6.2 % -1.62%

Managers

Managers TitleAgeSince
Vizenge Kumwenda CEO
 Chief Executive Officer 62 04-12-31
Louis Sibande DFI
 Director of Finance/CFO 50 -
Angela Kandani CMP
 Compliance Officer - -
Chifundo Chiundira COO
 Chief Operating Officer 60 94-12-31
Dickens Chaula HRO
 Human Resources Officer - -
Buxton Kayuni HRO
 Human Resources Officer - -
Thokozani Phokoso AUD
 Comptroller/Controller/Auditor - -
Lorraine Phiri SAM
 Sales & Marketing - -
Emily Makuta LAW
 General Counsel - -

Members of the board

Members of the board TitleAgeSince
Robert Scharar BRD
 Director/Board Member 74 -
Robert Mdeza BRD
 Director/Board Member 65 18-05-27
Gaffar Hassam CHM
 Chairman 48 16-03-15
Harold Bijoux BRD
 Director/Board Member 78 -
Sangwani Hara BRD
 Director/Board Member - 10-05-31
Vizenge Kumwenda CEO
 Chief Executive Officer 62 04-12-31
Catherine Lesetedi-Letegele BRD
 Director/Board Member 57 16-03-15
Louis Sibande DFI
 Director of Finance/CFO 50 -
Candida Nakhumwa BRD
 Director/Board Member - 20-03-25
Natasha Nsamala BRD
 Director/Board Member - 20-03-25

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 1,043,041,000 1,032,610,590 ( 99.00 %) 0 99.00 %

Shareholders

NameEquities%Valuation
FIRST COMMONWEALTH FINANCIAL CORPORATION
27.91 %
291,112,768 27.91 % 34 M MWK
BOTSWANA INSURANCE HOLDINGS LIMITED
25.10 %
261,803,313 25.10 % 30 M MWK
Nico Holdings Ltd. Esp
1.100 %
11,473,452 1.100 % 1 M MWK
Momentum Securities (Pty) Ltd. (Investment Management)
0.0165 %
171,900 0.0165 % 19 796 MWK

Holdings

NameEquities%Valuation
ICON PROPERTIES PLC
59.00%
 3,941,200,000 59.00% 39,451,412 $
TELEKOM NETWORKS MALAWI PLC
5.63%
 565,277,337 5.63% 3,917,372 $

Company contact information

NICO Holdings Plc

Chibisa House 19 Glyn Jones Road

, Blantyre

+

http://www.nicomw.com
address NICO Holdings Limited

Sector

Financials
Insurance
Insurance
Life & Health Insurance
Other Life & Health Insurance

Sales per Business

Sales per region

Sector Other Life & Health Insurance

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Other Life & Health Insurance
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