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Madison Financial Services PLC
Plot 316 Independence Avenue,
P.O.Box 37013
Phone: +260 211257151p:+260 211257151 LUSAKA, 37013  Zambia Ticker: MAFSMAFS
Business Summary
Madison Financial Services Plc is a Zambia-based financial services company. The Company's businesses include life insurance, non-life insurance, asset management and microfinance. Its life insurance business offers savings, protection products and other long-term contracts (both with and without insurance risk and with and without discretionary participating features). Its life insurance products comprise a wide range of whole life, term assurance, unitized pensions, mortgage endowment products and health insurance. Its non-life health care contracts provide medical cover to policy holders. Its non-life insurance business comprises general insurance to individuals and businesses. Its general insurance products offered include motor, household, commercial and business interruption insurance. Its microfinance business is engaged in providing microfinance loans to small and medium enterprises and employees of both public and private institution based on a payroll deduction agreement.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
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Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/201812/31/2018Yes----

Industries
SIC Code Description
6311 Life insurance
6324 Hospital and medical service plans
6331 Fire, marine, and casualty insurance
6282 Investment advice
6552 Land subdividers and developers, except cemeteries

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Group Executive Chairman Lawrence S.Sikutwa 65
Non-Executive Independent Vice Chairman Basil D.Nundwe
Group Finance Director, Executive Director CindyChiputa
10 additional Officers and Directors records available in full report.

General Information
Outstanding Shares: 50,000,000 (As of 6/30/2020)
Stock Exchange: LUS
Fax Number: +260 211253504


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Tuesday, December 19, 2023