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AIICO Insurance PlcNGSE:AIICO Stock Report

Market Cap ₦175.0b
Share Price
₦4.45
₦4.2
6.0% overvalued intrinsic discount
1Y169.7%
7D3.5%
Portfolio Value
View

AIICO Insurance Plc

NGSE:AIICO Stock Report

Market Cap: ₦175.0b

AIICO Insurance (AIICO) Stock Overview

Provides risk underwriting and related financial services in Nigeria. More details

AIICO fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends4/6

AIICO Community Fair Values

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AIICO Insurance Plc Competitors

Price History & Performance

Summary of share price highs, lows and changes for AIICO Insurance
Historical stock prices
Current Share Price₦4.45
52 Week High₦5.21
52 Week Low₦1.55
Beta0
1 Month Change6.71%
3 Month Change7.75%
1 Year Change169.70%
3 Year Change667.24%
5 Year Change704.91%
Change since IPO990.26%

Recent News & Updates

Narrative Update Apr 10

AIICO INSURANCE PLC – Strong Underwriting Improvement and Robust Investment Performance Bolster 9M 2025 Earnings

Analyst: Qudus Adebara Executive Summary AIICO Insurance Plc delivered a resilient performance for the nine months ended September 30, 2025, marked by a significant turnaround in underwriting results and a solid boost from investment activities. The Group recorded substantial improvement in insurance service results, supported by disciplined underwriting, enhanced risk selection, and effective reinsurance programs.

Recent updates

Narrative Update Apr 10

AIICO INSURANCE PLC – Strong Underwriting Improvement and Robust Investment Performance Bolster 9M 2025 Earnings

Analyst: Qudus Adebara Executive Summary AIICO Insurance Plc delivered a resilient performance for the nine months ended September 30, 2025, marked by a significant turnaround in underwriting results and a solid boost from investment activities. The Group recorded substantial improvement in insurance service results, supported by disciplined underwriting, enhanced risk selection, and effective reinsurance programs.
Narrative Update Sep 24

AIICO Insurance Plc – H1 2025 Financial Performance Review

AIICO Insurance Plc — ‘Recycling at AIICO Project’ Event Summary AIICO Insurance Plc has launched the ‘Recycling at AIICO Project’ , an in-house sustainability initiative targeting reduction of non-biodegradable waste across its operations. The project, launched in Q4 2024 , is aligned with the UN SDGs 12 (Responsible Consumption & Production) and 13 (Climate Action).

Shareholder Returns

AIICONG InsuranceNG Market
7D3.5%2.1%2.2%
1Y169.7%146.0%144.5%

Return vs Industry: AIICO exceeded the NG Insurance industry which returned 146% over the past year.

Return vs Market: AIICO exceeded the NG Market which returned 144.5% over the past year.

Price Volatility

Is AIICO's price volatile compared to industry and market?
AIICO volatility
AIICO Average Weekly Movement6.8%
Insurance Industry Average Movement8.8%
Market Average Movement8.3%
10% most volatile stocks in NG Market10.6%
10% least volatile stocks in NG Market5.7%

Stable Share Price: AIICO has not had significant price volatility in the past 3 months compared to the NG market.

Volatility Over Time: AIICO's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1963494Babatunde Fajemirokunwww.aiicoplc.com

AIICO Insurance Plc provides risk underwriting and related financial services in Nigeria. It operates through Life Insurance, General Business, Health Management, and Asset Management segments. The life insurance segment offers whole life, term assurance, guaranteed pensions, endowment pensions, mortgage endowment, savings, and protection products, as well as other long-term contracts.

AIICO Insurance Plc Fundamentals Summary

How do AIICO Insurance's earnings and revenue compare to its market cap?
AIICO fundamental statistics
Market cap₦174.97b
Earnings (TTM)₦18.18b
Revenue (TTM)₦179.42b
9.0x
P/E Ratio
0.9x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AIICO income statement (TTM)
Revenue₦179.42b
Cost of Revenue₦88.94b
Gross Profit₦90.47b
Other Expenses₦72.29b
Earnings₦18.18b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)0.50
Gross Margin50.43%
Net Profit Margin10.13%
Debt/Equity Ratio0%

How did AIICO perform over the long term?

See historical performance and comparison

Dividends

1.6%
Current Dividend Yield
16%
Payout Ratio

Does AIICO pay a reliable dividends?

See AIICO dividend history and benchmarks
When do you need to buy AIICO by to receive an upcoming dividend?
AIICO Insurance dividend dates
Ex Dividend DateMay 29 2026
Dividend Pay DateJun 05 2026
Days until Ex dividend16 days
Days until Dividend pay date23 days

Does AIICO pay a reliable dividends?

See AIICO dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/12 15:31
End of Day Share Price 2026/05/12 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

AIICO Insurance Plc is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.