About our Company

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SHAREHOLDERS:
Finsbury Investment are the majority shareholders, holding 65% of the equity shares,
the remaining 35% are held by Leasing Finance Company.

SHARE CAPITAL:
The authorised share capital is K2.5 billion and the paid up capital is K2.150 billion as under:

Finsbury Investments :
 K1,400,000,000
Leasing Finance :
 K 750,000,000
  K2,150,000,000
...................................................................................................................
SHAREHOLDERS FUNDS  
Paid Up Capital :
 K2,150,000,000
Reserves :
 K3,058,640,000
  K5,208,640,000
   
   

REINSURERS:
Munich Re, African Re, PTA Re, Arig Re and GIC are the
reinsurers of the Corporation.

RATIOS:
(i) Technical Reserve Ratio - 79%
(ii) Financial Base - 112%
(iii) Solvency Margin - 33%
(iv) Insurance Leverage - 237%

BANKERS:
Indo-Zambia Bank
Finance Bank

AUDITORS: Deloitte & Touche

ACTUARIES: Hymans Robertson & Co (Pty) Limited

SOLVENCY LEVEL:
The Corporation meets the solvency requirements under Section 36 (1) and 36 (2) of the Insurance Act, 1997 for Life and Non-Life business respectively. Certificate of Solvency is attached.