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Madison Financial Services Plc (Zambia)

Main Activities: Other Nondepository Credit Intermediation | Securities and Commodity Contracts Intermediation and Brokerage | Insurance Carriers
Full name: Madison Financial Services Plc Profile Updated: November 24, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Madison Financial Services PLC is a subsidiary of the LSA Group and is the holding company of the financial services Group of Companies in Zambia and groups together Madison General Insurance, Mgen Tanzania Insurance Company based in Tanzania, Madison Life Insurance, Madison Finance Company and Madison Asset Management Company. Madison Financial Services was established in 2007 to facilitate the entry of the IFC through equity and debt and IFC’s investment horizon was five years which lapsed in December 2012 hence one of the reasons for the IPO which was an agreed exit mechanism for the IFC.

Headquarters
Lsa House, Plot No.316, Independece Avenue, Woodlands, P.O Box 37013
Lusaka; Lusaka;

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Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2007
Key Executives
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Chairman
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Vice Chairman
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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65%
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35%
Subsidiaries
Madison Asset Management Company Limited
100%
Madison General Insurance Company Limited
100%
Madison Life Insurance Company Limited
100%
Company Performance
Financial values in the chart are available after Madison Financial Services Plc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency ZMW. Absolute financial data is included in the purchased report.
Net insurance premium revenue
20.47%
Operating profit (EBIT)
-16.82%
Net Profit (Loss) for the Period
-83.29%
Total assets
14.45%
Total equity
-12.74%
Return on Equity (ROE)
23%
Underwriting Expenses Ratio
-2.89%

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