Botswana Insurance Holdings

Last updated

Botswana Insurance Holdings Ltd
Company type Public
BwSE:  BIHL
Industry Insurance, asset management, wealth management, investments,
Founded1975;50 years ago (1975)
Headquarters Gaborone, Botswana
Number of employees
342 (2020)
Parent Sanlam
Website www.bihl.co.bw

Botswana Insurance Holdings Limited (BIHL Group) is an investment, retirement, and insurance group that maintains its headquarters in Botswana and operates through three subsidiaries and holds a stake in a number of associate companies. [1] BIHL Group was established in 1975 and has been listed on the Botswana Stock Exchange since 1991. [2]

Contents

Subsidiaries and investments

The companies that compose the BIHL include, but are not limited, to the following: [3]

  1. Botswana Life Insurance Limited – Gaborone, Botswana – 100% Shareholding – A long term insurance service provider in Botswana.
  2. Botswana Insurance Fund Management Limited (BIFM) – Gaborone, Botswana – 100% Shareholding – A pension fund manager in Botswana.
  3. Botswana Insurance Company Limited – Gaborone, Botswana – 50% Shareholding – A short term insurance provider in Botswana. [4]
  4. African Life Financial Services – Lusaka, Zambia – 49% Shareholding – The company is involved in the provision of asset management and employee benefits administration. [5] It is ranked as Zambia's largest private investment managers. [5]
  5. Funeral Services Group – Gaborone, Botswana – 37.59% Shareholding – This is a funeral services provider. The company, through its subsidiaries in Botswana, South Africa, Zambia and Zimbabwe, engages in the manufacturing and retail of coffins and caskets, provision of funeral related services and provision of funeral insurance. [6]
  6. Letshego Holdings Limited – Gaborone, Botswana – 39.60% Shareholding through Botswana Life Insurance Limited and Botswana Insurance Fund Management Limited – A microfinance holding company operating in Botswana, Eswatini, Ghana, Kenya, Mozambique, Namibia, Nigeria, Rwanda, Uganda and Tanzania. [7] The company is listed on the Botswana Stock Exchange.
  7. Nico Holdings Plc – Blantyre, Malawi – 25.10% Shareholding – The group operates insurance and investments businesses in Malawi, Tanzania, Uganda, Zambia and Mozambique, as well as a banking business through NBS Bank. [8] The company is listed on the Malawi Stock Exchange. [9]

Ownership

BIHL's shares are publicly listed and traded on the BSE, under the symbol: BIHL. As of 31 December 2020, shareholding in the group's stock was as depicted in the table below: [10]

Botswana Insurance Holdings LimitedStock Ownership
RankName of Owner% Ownership
1 Sanlam 58.43
2Botswana Public Officers Pension Fund18.42
3Motor Vehicle Assurance Fund3.80
4Others19.40
Total100.00

See also

References

  1. ↑ "Company profile: Botswana Insurance Holdings Limited". African Financials. Retrieved 20 March 2022.
  2. ↑ "About us: BIHL Group". BIHL Group. Retrieved 20 March 2022.
  3. ↑ "Company Structure: Botswana Insurance Holdings Limited". BIHL. Retrieved 20 March 2022.
  4. ↑ "Introduction: Botswana Insurance Company (BIC)" . Retrieved 20 March 2022.
  5. 1 2 "AFLife - About us" . Retrieved 20 March 2022.
  6. ↑ "About Us: FSG" . Retrieved 20 March 2022.
  7. ↑ Letshego Holdings Limited (4 April 2016). "Letshego Holdings Limited: 2015 Integrated Annual Report and Financial Statements" (PDF). Gaborone: Letshego Holdings Limited. Retrieved 13 August 2016.
  8. ↑ NBS Bank. "Annual Report and Financial Statements for the Twelve Months Ending 31 December 2018". Blantyre: NBS Bank Limited. Retrieved 2 March 2020.
  9. ↑ "NICO: Shareholding structure" . Retrieved 20 March 2022.
  10. ↑ "BIHL Integrated Annual Report 2020" (PDF). BIHL. 31 December 2020. Retrieved 20 March 2022.
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