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Last 0.81 NGN
Change Today +0.01 / 1.25%
Volume 1.1M
AIICO On Other Exchanges
As of 9:30 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

aiico insurance plc (AIICO) Snapshot

Previous Close
Day High
Day Low
52 Week High
04/28/15 - 1.24
52 Week Low
12/18/14 - 0.65
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for AIICO INSURANCE PLC (AIICO)

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aiico insurance plc (AIICO) Details

AIICO Insurance PLC provides insurance services to individual and corporate customers in Nigeria. It operates through Life Insurance, Non-Life Insurance, Multishield, Pension Manager, and AIICO Capital Limited segments. The company offers personal insurance products, including annuity, corporate savings plan, credit life and terms, education, funeral, home, life, motor, legacy assurance plan, travel, mortgage protection plan, and personal accident insurance products. It also provides business insurance products comprising agriculture, automobile, aviation, construction, education, engineering, financial service, food, hospitality and entertainment, legal, and logistics insurance. In addition, the company offers business insurance for medical and dental, public sector, security, telecom and technology, transport and haulage, oil and gas, real estate, sports, trading/small business, manufacturing, maritime, and media businesses, as well as financial services to organizations and private individuals. Further, it provides e-insurance services; savings and investment, and retirement plans; pension administration services; and portfolio management, structured investments, and mutual fund services. The company markets its products through insurance brokers and agents, as well as directly. AIICO Insurance PLC was founded in 1963 and is headquartered in Lagos, Nigeria.

630 Employees
Last Reported Date: 04/9/15
Founded in 1963

aiico insurance plc (AIICO) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

aiico insurance plc (AIICO) Key Developments

AIICO Insurance Appoints Babatunde Fajemirokun as Executive Director

AIICO Insurance Board has announced the appointment of Babatunde Fajemirokun as Executive Director of the company. Fajemirokun was until his recent appointment, the Chief Operating Officer (COO) of the company. By his current position, he is now responsible for AIICO's operations; the group function that plans, coordinates, and controls the resources needed to produce the company's products and serve her clients. He is equally responsible for helping AIICO and its business units to understand the competitive landscape and the markets they operate while developing and implementing sustainable plans for long-term growth and shareholder value creation.

AIICO Insurance PLC Announces Earnings Results for the Year Ended December 31, 2014

AIICO Insurance PLC announced earnings results for the year ended December 31, 2014. For the year, the company announced a profit before tax of NGN 3.2 billion, resulting in a 156% increase over NGN 1.2 billion loss recorded in the corresponding period of 2013. The company's profit after tax grew by 202% from a loss position of NGN 739 million in 2013 to NGN 2.2 billion for the period under review.

AIICO Insurance Plc Reports Unaudited Earnings Results for the First Half Ended June 30, 2014

AIICO Insurance Plc reported unaudited earnings results for the first half ended June 30, 2014. For the period, the company recorded gross premium income of NGN 12.9 billion, representing a growth of 10.3% from NGN 11.7 billion recorded in the corresponding period of 2013. The group's profit before tax, however, decreased by 6.5% from NGN 1.7 billion to NGN 1.59 billion. The investment income of group also rose by 240% from NGN 600 million during the first six months of 2013 to NGN 2.04 billion during the first half of the current year.


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Valuation AIICO Industry Range
Price/Earnings 3.1x
Price/Sales 0.3x
Price/Book 0.5x
Price/Cash Flow 3.0x
TEV/Sales NM Not Meaningful

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