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Enterprise Group Positioned For The Future

Enterprise Group Ltd. held its Fifth Annual General Meeting on Thursday 18th June 2015 at the Accra International Conference Center.

Despite the challenging business environment in 2014, Enterprise Group posted impressive results for the year ended 2014.

The Group posted a profit after tax of GH¢61.3m against the prior year’s GH¢39.7m representing a significant growth of 54.5% . Group Net revenues rose to GH¢288.4m as compared to GH¢230.9m in 2013. Net investment income was GH¢74.5m, representing a 25.8% of net income, and represented a growth of 9.6% versus prior year’s performance of GH¢68m.

Enterprise Insurance and Enterprise Life still represent the most significant subsidiaries in terms of financial performance. Both businesses continue to show great potential for growth, delivering growth rates of 14.9% and 26.84% respectively in the General and Life Insurance markets. Enterprise Trustees Ltd the Group’s pensions subsidiary reported profit after tax of of GH¢206K in 2014 as against a loss of GH¢2.14m in 2013.

Speaking to the media, Group CEO, Keli Gadzekpo assured all clients and shareholders that the Group and its subsidiaries were adapting to the demands of the changing business environments in their various markets. On the recent flood and fire disaster in Accra, he said “Enterprise will stand by its clients that have suffered losses because that is why we are in business, As Ghana’s leading and oldest insurer it is by supporting our clients that we have survived over 90 years. In the coming days Enterprise will make very significant contributions to the Korle-Bu Teaching Hospital as well as the 37 military hospital, as we look to touch lives in these trying times”

Mr. Gadzekpo assured both shareholders and clients that the Group and all its subsidiaries were strongly positioned for the future in every market we operate in.

H. E. Mrs. Margaret Clarke-Kwesie and Mr George Otoo were re-elected by the shareholders as Directors of the company at the Annual General Meeting.

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