AIICO Insurance Plc provides risk underwriting and related financial services to corporate and individual customers in Nigeria.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦0.94|
|52 Week High||₦0.61|
|52 Week Low||₦1.59|
|1 Month Change||-4.08%|
|3 Month Change||-11.32%|
|1 Year Change||49.30%|
|3 Year Change||60.63%|
|5 Year Change||118.79%|
|Change since IPO||-1.30%|
Recent News & Updates
|AIICO||NG Insurance||NG Market|
Return vs Industry: AIICO exceeded the NG Insurance industry which returned 34.4% over the past year.
Return vs Market: AIICO exceeded the NG Market which returned 41.3% over the past year.
Stable Share Price: AIICO is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: AIICO's weekly volatility (6%) has been stable over the past year.
About the Company
AIICO Insurance Plc provides risk underwriting and related financial services to corporate and individual customers in Nigeria. It operates through five segments: Life Insurance, Non-Life Insurance, Health, Pension Manager, and Wealth Management. The company offers various life insurance products, including annuity, term assurance, corporate savings, education, endowment, group life, income investment, life celebration, mortgage protection, term assurance, and payment plans.
AIICO Insurance Fundamentals Summary
|AIICO fundamental statistics|
Is AIICO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AIICO income statement (TTM)|
|Cost of Revenue||₦49.74b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.18|
|Net Profit Margin||4.66%|
How did AIICO perform over the long term?See historical performance and comparison
Is AIICO Insurance undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AIICO (NGN0.94) is trading above our estimate of fair value (NGN0.71)
Significantly Below Fair Value: AIICO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AIICO's PE Ratio (5.1x) is in line with the NG Insurance industry average.
PE vs Market: AIICO is good value based on its PE Ratio (5.1x) compared to the NG market (7.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AIICO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AIICO's PB Ratio (0.4x) is in line with the NG Insurance industry average.
How is AIICO Insurance forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Insurance industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as AIICO Insurance has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has AIICO Insurance performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AIICO has high quality earnings.
Growing Profit Margin: AIICO's current net profit margins (4.7%) are lower than last year (6.7%).
Past Earnings Growth Analysis
Earnings Trend: AIICO's earnings have declined by 4% per year over the past 5 years.
Accelerating Growth: AIICO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AIICO had negative earnings growth (-47.7%) over the past year, making it difficult to compare to the Insurance industry average (3.1%).
Return on Equity
High ROE: AIICO's Return on Equity (8.5%) is considered low.
How is AIICO Insurance's financial position?
Financial Position Analysis
Short Term Liabilities: AIICO's short term assets (NGN108.5B) exceed its short term liabilities (NGN60.0B).
Long Term Liabilities: AIICO's short term assets (NGN108.5B) do not cover its long term liabilities (NGN112.5B).
Debt to Equity History and Analysis
Debt Level: AIICO is debt free.
Reducing Debt: AIICO has no debt compared to 5 years ago when its debt to equity ratio was 15.9%.
Debt Coverage: AIICO has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: AIICO has no debt, therefore coverage of interest payments is not a concern.
What is AIICO Insurance current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AIICO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AIICO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AIICO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AIICO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: AIICO is not paying a notable dividend for the NG market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AIICO's dividend in 3 years as they are not forecast to pay a notable one for the NG market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Babatunde Fajemirokun, A.C.I.I., B.A., M.B.A. & M.Sc., is the Managing Director and Chief Executive Officer at AIICO Insurance Plc (“AIICO”) since August 14, 2019 and was its Chief Operating Officer. H...
Experienced Management: AIICO's management team is considered experienced (2.1 years average tenure).
Experienced Board: AIICO's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.6%.
AIICO Insurance Plc's employee growth, exchange listings and data sources
- Name: AIICO Insurance Plc
- Ticker: AIICO
- Exchange: NGSE
- Founded: 1963
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: ₦14.590b
- Shares outstanding: 15.69b
- Website: https://www.aiicoplc.com
Number of Employees
- AIICO Insurance Plc
- AIICO Plaza
- Plot PC 12
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 15:40|
|End of Day Share Price||2021/10/22 00:00|
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 here.