NICO Holdings plc

NICO

MWNICO010014

Life & Health Insurance

End-of-day quote Malawi S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
199.5 ^MWK	-0.02%		-0.04%	+32.65%

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

Sanlam To Acquire Additional Stake in Nico

October 11, 2013 at 12:00 am EDT

Sanlam Limited (JSE:SLM) is in talks to acquire 49% stake in the general insurance business of NICO Holdings Limited (MAL:NICO) in four African countries for an undisclosed amount. Sanlam already owns 49% stake in Nico and in talks to take a similar stake in Nico's general insurance operations in Malawi, Tanzania, Uganda and Zambia. Sanlam's shares are up 1.3%.

Latest news about NICO Holdings plc

NICO Holdings plc Reports Earnings Results for the Full Year Ended December 31, 2022	23-05-16	CI
NICO Holdings plc Reports Earnings Results for the Half Year Ended June 30, 2022	22-09-01	CI
Nico Holdings plc Reports Earnings Results for the Full Year Ended December 31, 2019	20-08-12	CI
NICO Holdings plc acquired an additional 4.25% stake in NBS Bank Plc from International Finance Corporation.	18-06-18	CI
Sanlam Emerging Markets Limited acquired 51% stake in Nico Mozambique Vida from NICO Holdings Limited.	15-02-17	CI
Sanlam Emerging Markets Limited completed the acquisition of minority stake in NICO General Insurance Company Limited and NICO Insurance Zambia Limited and NIKO insurance Uganda Limited and NIKO Insurance Tanzania Limited from NICO Holdings Limited.	14-04-01	CI
Sanlam Emerging Markets Limited agreed to acquire minority 49% stake in NICO General Insurance Company Limited and 49% stake in NICO Insurance Zambia Limited and 48.4% stake in NIKO insurance Uganda Limited and 32.67% stake in NIKO Insurance Tanzania Limited from NICO Holdings Limited	14-01-26	CI
Sanlam Limited acquired 25.1% stake in NICO Holdings Limited from Santam Ltd..	13-12-10	CI
Sanlam To Acquire Additional Stake in Nico	13-10-11	CI

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Company Profile

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%).

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Life & Health Insurance

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