Magazine date:
Apr 2014 
After several acquisitions of local portfolios including those of the groups Drouot and Foncière Assurances, the company has gradually parted ways with its initial founders to become fully independent in 2001. Currently, the group is entirely controlled by Gabonese interest groups.
To meet CIMA requirements, the company divided its life and non-life activities, establishing in 1988 a company specializing in life insurance, OGAR Life. Non life operations were then grouped within OGAR Non Life.
First Gabonese insurer and second one in the CIMA zone behind ARC of the Congo, OGAR Non Life reported a turnover of 57.767 million USD, in addition to 15.774 million USD of the life company. Leading the local market, the group recently created OGAR International to expand its operations to the rest of Africa with a particular interest in neighboring countries.
 |  |
| Bernard Bartoszek | Aimé Ombiene |
| General manager OGAR Non life | General manager OGAR Life |
| Indicators 2012 | OGAR Non life | OGAR Life |
| Share capital | 4 438 080 | 3 216 000 |
| Turnover | 57 767 675 | 15 774 186 |
| Total assets | 64 306 447 | 68 175 697 |
| Shareholder's equity | 7 685 708 | 9 644 386 |
| Technical result net of reinsurance | 1 702 511 | - 793 000 |
| Net result | 3 079 177 | 3 390 407 |
| Staff members | 125 | 40 |
| Sales network | One direct office, three consulting outlets and four regional representations | |
OGAR Non life
Management
| Chairman of the board | Henri Claude Oyima |
| General manager | Bernard Bartoszek |
| OGAR Group’s general secretary | Renaud Allogho Akoue |
| Manager, human resources and overheads | Josiane Azouadelly |
| Manager of the direct office and GIE director | Patrick Martin |
| Manager, marine and Off Shore | Ferenc Oyima |
| Legal manager | Valentine Okome |
| Manager, IT Systems department | Jean Claude Yate |
| Head of communication department | Viviana Vani Andjoua |
| Head of health department | Jacqueline Combe |
| Head of payments department | Mesmin Ebo Ebo |
| Head of reinsurance department | Arséne Ekoro-Ndo |
| Head of management control and accounting finance department | Eugène Kindou |
| Head of brokerage underwriting department | Wilfrid Midongo |
Shareholders
| Delta SYNERGIE | 61% |
| MEDICIS company | 16% |
| Gabonese State | 8% |
| Gabonese interests | 7% |
| Banque Gabonaise de Développement | 4% |
| Union Gabonaise de Banque | 4% |
Main technical highlights: 2008-2012
in thousands USD| 2008 | 2009 | 2010 | 2011 | 2012 | |
|---|---|---|---|---|---|
Gross written premiums | 49 771 | 51 668 | 48 911 | 52 202 | 57 767 |
Gross earned premiums | 49 608 | 51 262 | 48 724 | 51 337 | 56 766 |
Gross incurred losses | 14 535 | 23 353 | 7 687 | 10 825 | 9 432 |
Management expenses 1 | 15 735 | 15 770 | 13 355 | 13 269 | 15 381 |
Gross loss ratio | 29.3% | 45.6% | 15.8% | 21.1% | 16.6% |
Expenses ratio | 31.6% | 30.5% | 27.3% | 25.4% | 26.6% |
Combined ratio | 60.9% | 76.1% | 43.1% | 46.5% | 43.2% |
Operating result | 2 198 | - 167 317 | 2 742 | 3 240 | 3 689 |
Financial income and others | 2 622 | 2 253 | 914 | 1 804 | 1 986 |
Net result | 1 511 | - 2 145 | 2 129 | 2 420 | 3 079 |
Evolution of premiums, losses and results: 2008-2012
in thousands USD
Evolution of ratios: 2008-2012
Turnover’s breakdown per class of business: 2008-2012
in thousands USD| 2008 | 2009 | 2010 | 2011 | 2012 | Parts 2012 | |
|---|---|---|---|---|---|---|
Motor | 9 922 | 8 883 | 7 251 | 9 723 | 10 655 | 18.4% |
Personal accident | 10 013 | 8 403 | 9 404 | 8 484 | 8 476 | 14.7% |
General TPL | 1 123 | 1 161 | 828 | 1 263 | 769 | 1.3% |
Fire | 7 230 | 8 260 | 7 187 | 7 244 | 10 026 | 17.4% |
Miscellaneous accident | 942 | 1 100 | 665 | 802 | 733 | 1.3% |
Aviation | 8 650 | 7 217 | 6 990 | 6 115 | 7 534 | 13.0% |
Marine | 2 064 | 2 132 | 1 596 | 1 829 | 2 039 | 3.5% |
Off Shore | 9 827 | 14 512 | 14 990 | 16 742 | 17 535 | 30.4% |
Total | 49 771 | 51 668 | 48 911 | 52 202 | 57 767 | 100% |
Turnover’s breakdown per class of business in 2012
OGAR Life
Management
| Chairman of the board | Henri Claude Oyima |
| General manager | Aimé Ombiene |
| OGAR Group’s general secretary | Renaud Allogho Akoue |
| Manager, human resources and overheads | Josiane Azouadelly |
| Technical manager | Davy Nguel’lengogo |
| Head of sales department | Tanguy Eyi Ndong |
| Head of IT Systems department | Jean Claude Yate |
| Head of internal audit | Henriette Ndjila |
| Head of communication department | Viviana Vani Andjoua |
| Head of accounting department | Véronique Okome Memini |
| Head of management control and accounting finance department | Eugène Kindou |
Shareholders
| OGAR Non life | 75% |
| Banque Gabonaise de Développement | 4% |
| Union Gabonaise de Banque | 4% |
| Other shareholders | 17% |
Main technical highlights: 2008-2012
in thousands USD| 2008 | 2009 | 2010 | 2011 | 2012 | |
|---|---|---|---|---|---|
Gross written premiums | 13 285 | 14 888 | 13 732 | 15 382 | 15 774 |
Gross earned premiums | 13 290 | 14 787 | 13 477 | 14 906 | 15 698 |
Gross incurred losses 1 | 8 959 | 10 668 | 8 921 | 11 173 | 11 738 |
Management expenses2 | 2 805 | 3 138 | 3 810 | 3 973 | 3 954 |
Expenses ratio | 21.1% | 21% | 27.7% | 25.8% | 25.1% |
Operating result | 2 248 | 2 235 | 2 038 | 2 144 | 2 008 |
Financial income and others | 2 277 | 2 118 | 1 643 | 2 312 | 2 801 |
Net result | 1 640 | 694 | 1 195 | 1 080 | 3 390 |
2 Including overheads, commissions and management control expenses
Evolution of premiums, losses and results: 2008-2012
in thousands USD
Turnover’s breakdown per class of business: 2008-2012
in thousands USD| 2008 | 2009 | 2010 | 2011 | 2012 | 2012 shares | |
|---|---|---|---|---|---|---|
Death | 4 789 | 5 275 | 5 565 | 5 168 | 5 903 | 37.4% |
Capitalisation | 8 496 | 9 613 | 8 167 | 10 214 | 9 871 | 62.6% |
Total | 13 285 | 14 888 | 13 732 | 15 382 | 15 774 | 100% |
Turnover’s breakdown per class of business in 2012
Exchange rate FCFA/USD as at 31/12 | 2008 | 2009 | 2010 | 2011 | 2012 |
0.00212 | 0.00214 | 0.00198 | 0.00193 | 0.00201 |
OGAR Non life
| Head office | Immeuble Deltassur - 1881 Boulevard de l’Indépendance – BO Box 201 Libreville R.C.C.M. N°2002 B 01739 - Gabon |
| phone | (241) 01 76 15 96/01 76 04 95 |
| Fax | (241) 01 74 46 43 |
| Website |
OGAR Life
| Head office | Immeuble Deltassur - 1881 Boulevard de l’Indépendance BO Box 201 Libreville R.C.C.M. N°2002 B 01737 - Gabon |
| Phone | (241) 01 76 15 96/01 76 04 95 |
| Fax | (241) 01 74 46 43 |
infos [at] ogarvie [dot] com | |
| Website |