STIBoard Strategy Lab

Interactive Board Strategy · August 2026

Capital was the easy problem.
Conversion is the next phase.

Explore the complete 30-view strategy, test the financial model, benchmark peers and govern the first 100 days from one decision-ready experience.

Enter the 30-view story ↓Open the model lab ↗
THE BOARD QUESTIONCan STI turn capital into durable returns?
−37%H1 revenue
₦23.2bnequity
−₦564moperating cash
Verified positionCapital +48%Revenue −37%Insurance result −59%Forecast miss −61.6%Cash flow negative

The complete strategy

30 views. One decision system.

Choose any view, use the arrow keys, or move sequentially. Every slide theme is represented as an interactive web chapter.

VIEW 01 / 30Opening

The next phase

The next phase starts with the truth.

Convert capital, cash and digital reach into durable underwriting returns.

30decision-led views
100day execution gate
4scale engines
Board implicationFacts → choices → owners → deadlines
3% complete

Workbook-powered

Turn the financial model into a live conversation.

The controls reproduce the workbook’s scenario logic across revenue, PAT margin, expense, reinsurance, investment yield and payout.

Reconciliation noteThe workbook uses an earlier FY2025 revenue baseline of ₦44.62bn; the later audited strategy deck reports ₦46.10bn. Mechanics below follow the workbook exactly and are directional planning estimates—not guidance.

Base case drivers

2030 revenue₦68.7bn
2030 PAT₦22.1bn
2030 dividend₦5.5bn
2025₦45bn
2026₦49bn
2027₦53bn
2028₦58bn
2029₦63bn
2030₦69bn
RevenuePAT
Operating model in 2030
PAT margin 32.3%OpEx 8.0%RI cost 32.0%Yield 14.0%
Revenue CAGR impact₦24.0bn2030 revenue above the no-growth baseline
PAT margin impact₦22.1bn2030 profit after tax
Expense ratio impact₦1.9bnAnnual 2030 cost release vs FY2025 ratio
RI cost impact₦6.5bnAnnual 2030 release vs FY2025 RI ratio
Investment yield impact₦0.7bnAnnual income on ₦5bn deployed cash
Payout impact₦5.5bn2030 modelled dividend capacity

Live value stack

₦9.1bn annual opportunity

Investment income, expense release and reinsurance-cost release now recalculate directly from the sliders above.

investment
₦0.7bn
expense
₦1.9bn
reinsurance
₦6.5bn
Download the financial model ↓Download the 30-slide deck ↗

Competitive stack

One market. Three outcomes.

Switch the metric to compare scale, profitability and momentum across STI, NEM and AXA Mansard.

STI3.4%

Capital strength; conversion gap

NEM25.1%

Peer benchmark for earnings conversion

AXA8.1%

Growth benchmark through transition

Execution cockpit

Seven proofs in 100 days.

Select a milestone to see the evidence standard. Progress is governed by documents, not verbal status.

Required proofLOB + top 20 account movement
Accountable ownerCEO / Actuary
Board ruleEvery green status links to written evidence.

Plan resilience

Risks to the turnaround

High

Revenue decline continues

If account losses drive the decline, FY2026 could fall below ₦40bn. Mitigation: the 30-day revenue bridge.

High

Investment support erodes

Lower reinvestment yields can expose the underwriting gap. Mitigation: ladder duration within liquidity limits.

High

Management attention slips

Earlier recommendations are not publicly confirmed. Mitigation: owners, dates and written proof on every agenda.

Medium

Derived figures need confirmation

Expense split, H1 ROE and the ₦1.65bn proceeds difference require management reconciliation.

Low

Regulatory confirmation is delayed

Filed equity gives substantial headroom; the realistic risk is communication timing, not capital adequacy.

The Board decision

Approve the resolutions.
Demand the evidence.

STI does not need to outgrow peers first. It needs to convert capital, cash and the existing digital foundation into a viable underwriting engine.

Revisit the 30 views ↑Take the deck into the room ↗
Methodology, sources and model basis

Board narrative and current metrics follow the 30-slide August 2026 transformation deck, sourced to STI’s FY2025 audited accounts, HY2026 interim filed with NGX on 30 July 2026, official STI digital channels and cited peer disclosures.

The interactive projection and opportunity stack reproduce the supplied workbook’s scenario assumptions and formulas. Workbook outputs are planning estimates. The workbook predates the deck’s later FY2025 audited revenue update, so the reconciliation note should remain until the workbook is refreshed.