Advantage General Insurance Company Limited
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Advantage General Insurance Company Limited - overview
Established
1964
Location
-, -, Jamaica
Primary Industry
Insurance
About
Advantage General Insurance Company Limited is a Jamaica-based insurance provider, delivering home, motor, and commercial insurance solutions tailored to meet diverse client needs in the Caribbean region. Advantage General Insurance Company Limited specializes in providing a comprehensive range of insurance products, primarily focusing on home, motor, and commercial insurance solutions. Founded in 1964, the company is headquartered in Kingston, Jamaica. In February 2014, Advantage General was acquired by NCB Capital Markets Ltd for USD 3.
50 mn, marking its most recent significant deal. The current CEO is Antony Sprigg. Advantage General Insurance Company specializes in diverse insurance products, with a focus on home, motor, and commercial insurance. The company offers tailored coverage options to address specific risks for clients, including comprehensive motor insurance plans that provide extensive benefits.
Home insurance solutions protect properties and personal belongings from various perils, while commercial insurance products cater to businesses' unique requirements. Advantage General serves a client base that encompasses individual vehicle owners, homeowners, and businesses in the Caribbean region. In the most recent year of 2022, Advantage General Insurance Company reported a revenue of USD 26,149,694. 40, with an EBITDA of USD 2,523,616.
40. Revenue is generated primarily from direct sales of insurance policies, which include both individual and commercial products, structured as annual subscriptions or one-time payments. Looking ahead, Advantage General Insurance Company plans to introduce new insurance products designed to enhance its offerings in the Caribbean market. The company aims to expand its geographic reach, targeting growth into other Caribbean nations by the end of 2025.
The recent funding received during the acquisition by NCB Capital Markets Ltd will be strategically utilized to support these product launches and market expansion initiatives.
Primary Industry
Insurance
Sub Industries
Insurance
Website
www.advantagegeneral.com
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Advantage General Insurance Company Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Advantage General Insurance Company Limited | - | ||||||||
| Buyout | Completed | Advantage General Insurance Company Limited | - |
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