Uyi Osagie: IEI on Sustainable Growth Path to Impact Insurance Sector

James Emejo in Abuja

The Chief Financial Officer (CFO), International Energy Insurance (IEI) Plc, Uyi Osagie, has said the company remained confident that it is firmly on a sustainable growth path, and well positioned to play a more significant role in the nation’s insurance sector.”

Speaking at its Capital Markets Day event in Lagos, over the weekend, Osagie, who took the company’s stock, said, “Over the past five years, IEI has undergone a disciplined and deliberate transformation anchored on governance, capital efficiency, and operational restructuring.

“This has translated into a stronger balance sheet, improved underwriting quality, and renewed market confidence. The 700 per cent growth in our share price since 2023 is not incidental-it reflects the market’s recognition of the fundamentals we have rebuilt.

“As the industry aligns with evolving regulatory expectations and recapitalisation requirements, we see this as a validation of our early positioning. Our focus has been to stay ahead of policy direction, strengthen our capital base, and ensure we are structurally sound to deliver long-term value.”

IEI is authorised, licensed and regulated by the National Insurance Commission (NAICOM) to administer insurance in the country.

One of the key highlights of the event was the discussion about the firm’s exceptional performance on the Nigerian Exchange as stakeholders affirmed its remarkable valuation trajectory, with its share price having grown by an impressive 700 per cent between 2023 and the present.

This significant growth was attributed to rising investor confidence and the market’s positive response to the company’s restructuring and growth initiatives.

The session transitioned into a robust panel discussion featuring seasoned market analysts and institutional investors, who explored deeper insight into the broader market landscape and the emerging opportunities within the insurance sector.

A comprehensive technical presentation titled, “Capital Market Landscape and IEI Positioning to be Market Leaders” was delivered by Mr. Teslim Shitta-Bey while Managing Editor, Proshare, Mr. Shitta-Bey provided a data-driven analysis of the macroeconomic variables shaping the Nigerian Stock Market and the specific tailwinds supporting the insurance sector.

Essentially, the event underscored IEI’s commitment to maintaining open and constructive dialogue with the investing public.

By facilitating direct interaction between the company’s leadership and the financial community, IEI reinforced its commitment to delivering sustainable value to its shareholders while providing innovative energy and general insurance solutions.