FORTIS GLOBAL INSURANCE PLC-NOTIFICATION OF APPOINTMENT OF NEW DIRECTORS
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Open
₦1.94
Previous close
₦1.94
Day range
₦1.94 – ₦1.94
Volume
550,073
Limited data
Awaiting filing
No current yield
65/100 measured
Easy to trade
Recent price movement, key market context and the latest company information.
The latest saved price history for FTGINSURE, with its range and direction at a glance.
2 pages were reviewed. Open the update for the summary and original document.
Fortis Global Insurance Plc provides general and life insurance in Nigeria. The company offers general insurance, such as motor, accident, bond, marine, aviation, fire and burglary, oil and gas, travel, and goods in transit insurance products. It also provides group, credit, capital income plan, income protection plan, annuity, digital savings, education endowment, key man assurance, deposits linked assurance, and salary protection insurance scheme products. The company was formerly known as Standard Alliance Insurance Plc and changed its name to Fortis Global Insurance Plc in May 2025. The company was incorporated in 1981 and is based in Lagos, Nigeria.
Investors usually follow FTGINSURE for its valuation signal, sector position, and upcoming company events. The goal here is not just to show numbers, but to explain what they mean in plain English.
Whisone is bearish because the bullish case is not yet strong enough to lead while fundamentals are weak at 24/100. Whisone has low conviction here. The final read is being balanced by the weighted scores for fundamentals, technicals, insider flow, sentiment, event flow, and liquidity.
Whisone v2 splits the read into weighted parts so the score is not just one hidden number.
Fundamentals
Growth, margins, cash flow, and valuation.
Sentiment
Market mood from flow, events, and attention.
Latest net profit
-₦3.99B
TTM (2026-08-31)
ROE
55.2%
Return on equity
ROA
19.8%
Return on assets
Debt / equity
0.01
Lower is usually safer.
P/B ratio
0.17
Useful for book value support.
Confidence
75/100
Direction
Cautious
Main supports
Recent price and fundamentals refreshes improve signal reliability.
What can go wrong
Volatility is elevated, so the path can stay rough even if the thesis is right.
Fair value
₦1.92
Analyst view
n/a
Forecast refresh
Updated 39 min ago
Quality score
33
Growth score
50
These are the external analyst numbers and business outlook figures already synced into the company record.
No external analyst outlook is available for this company yet.
A plain-English reading of momentum, trend, volatility, range position, and trading participation.
RSI
33.1
Momentum is currently in a neutral range.
Recent trend
Falling
-30.5% across the latest saved price window.
Volatility
Low
Beta is 0.80. Price has historically moved more calmly than the wider market.
52-week position
20% of range
Price is trading close to its 52-week low.
Volume confirmation
0.00x average
Trading activity is light, so the current price move has weaker confirmation.
CBN proposed holdco framework
FTGINSURE may also move because the FINANCIAL SERVICES sector may move with cbn proposed holdco framework. Confidence 67%.
The proposed CBN holdco framework would change how foreign subsidiaries of Nigerian banks are structured, impacting financial groups listed.
NIIRA 2025 minimum capital requirements
FTGINSURE may also move because the FINANCIAL SERVICES sector may move with niira 2025 minimum capital requirements. Confidence 67%.
The industry-wide introduction of higher minimum capital requirements under NIIRA 2025 prompted recapitalisation exercises across insurers.
NIIRA_recapitalisation
FTGINSURE may also move because the FINANCIAL SERVICES sector may move with niira_recapitalisation. Confidence 67%.
The NIIRA 2025 law raised minimum capital requirements and introduced an RBC framework, forcing insurance and reinsurance firms to recapitalise by July 31, 2026.
NTA CFC rules & 15% top-up tax
FTGINSURE may also move because the FINANCIAL SERVICES sector may move with nta cfc rules & 15% top-up tax. Confidence 67%.
Article states banks and financial groups with regional operations are expected to be affected by the CFC regime and top-up tax.
Open Banking implementation
FTGINSURE may also move because the FINANCIAL SERVICES sector may move with open banking implementation. Confidence 67%.
Article states Open Banking is expected to reshape how banks, fintechs and other financial service providers share data and deliver products, requiring regulatory and governance readiness.
PenCom recapitalisation rules
FTGINSURE may also move because the FINANCIAL SERVICES sector may move with pencom recapitalisation rules. Confidence 67%.
PenCom's revised minimum capital requirements and June 2027 compliance deadline are prompting industry-wide mergers, recapitalisations or exits among pension fund administrators.
FTGINSURE
Fortis Insurance Plc
Price: ₦1.94
P/E: n/a
Yield: N/A
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ACCESSCORP
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Yield: N/A
Industry
Insurance Carriers
Founded
1981
Employees
30
Exchange
NGX
Ticker
FTGINSURE
11.29