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Aiico Insurance Plc (Nigeria)

Main Activities: Insurance Carriers
Full name: Aiico Insurance Plc Profile Updated: October 28, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

AIICO Insurance PLC is an insurer that offers life and health insurance, general insurance, investment management, and pension management services. AIICO Insurance PLC serves individuals, families, and corporate customers. The company has a record of accomplishment in delivering quality service and is a major underwriter for both life and general insurance in Nigeria. Additionally, AIICO Insurance PLC has developed an artificial intelligence chatbot, Ella, for 24/7 customer interactions and has partnered with various organizations to embed insurance into automobile sales and address issues such as malaria and breast cancer.

Headquarters
Aiico Plaza, Plot Pc 12, Churchgate Street, Victoria Island
Lagos; Lagos;

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Website: http://www.aiicoplc.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1970
Key Executives
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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
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Director / Member of the Management Board
Ownership Details
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30.53%
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28.71%
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28.46%
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11.98%
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0.32%
Subsidiaries
Aiico Multishield Limited
100%
Aiico Capital Limited
Aiico Pension Managers Limited
Company Performance
Financial values in the chart are available after Aiico Insurance Plc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency NGN. Absolute financial data is included in the purchased report.
Net insurance premium revenue
608.47%
Operating profit (EBIT)
-168.57%
Net Profit (Loss) for the Period
143.8%
Total assets
21.15%
Investments
-98.69%
Total equity
37.29%
Net Premiums Earned Trend
N/A
Net Profit Trend
136.14%
Return on Equity (ROE)
8.55%
Underwriting Expenses Ratio
-84.15%

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