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Madison Financial Services Plc (Zambia)

Main Activities: Direct Property and Casualty Insurance Carriers
Secondary Activities: Direct Life Insurance Carriers
Full name: Madison Financial Services Plc Profile Updated: December 11, 2025
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Madison Financial Services PLC is a subsidiary of the LSA Group and is the holding company of the financial services Group of Companies in Zambia and groups together Madison General Insurance, Mgen Tanzania Insurance Company based in Tanzania, Madison Life Insurance, Madison Finance Company and Madison Asset Management Company. Madison Financial Services was established in 2007 to facilitate the entry of the IFC through equity and debt and IFC’s investment horizon was five years which lapsed in December 2012 hence one of the reasons for the IPO which was an agreed exit mechanism for the IFC.

Headquarters
Lsa House, Plot No.316, Independece Avenue, Woodlands, P.O Box 37013
Lusaka; Lusaka;

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Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
December 25, 2025
Key Executives
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Chairman
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Vice Chairman
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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65%
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35%
Subsidiaries
Madison Asset Management Company Limited
100%
Madison General Insurance Company Limited
100%
Madison Life Insurance Company Limited
100%
Company Performance
Financial values in the chart are available after Madison Financial Services Plc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency ZMW. Absolute financial data is included in the purchased report.
Net insurance premium revenue
-6.38%
Operating profit (EBIT)
236.84%
Net Profit (Loss) for the Period
38.26%
Total assets
38.1%
Total equity
26.3%
Net Premiums Earned Trend
N/A
Net Profit Trend
-285.78%
Return on Equity (ROE)
-17.04%
Underwriting Expenses Ratio
-1.37%

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