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AIICO Insurance NGSE:AIICO Stock Report

Last Price

₦1.24

Market Cap

₦45.4b

7D

1.6%

1Y

65.3%

Updated

17 Dec, 2024

Data

Company Financials

AIICO Insurance Plc

NGSE:AIICO Stock Report

Market Cap: ₦45.4b

AIICO Stock Overview

Engages in the provision of risk underwriting and related financial services in Nigeria. More details

AIICO fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance6/6
Financial Health5/6
Dividends3/6

Rewards

Price-To-Earnings ratio (2.4x) is below the NG market (7.5x)

Earnings grew by 219.9% over the past year

Risk Analysis

Unstable dividend track record

Does not have a meaningful market cap (NGN45B)


My Notes

Capture your thoughts, links and company narrative

AIICO Insurance Plc Competitors

NEM Insurance

NGSE:NEM

₦52.7b

Sunu Assurances Nigeria

NGSE:SUNUASSUR

₦35.2b

Cornerstone Insurance

NGSE:CORNERST

₦55.9b

AXA Mansard Insurance

NGSE:MANSARD

₦66.8b

Price History & Performance

Summary of share price highs, lows and changes for AIICO Insurance
Historical stock prices
Current Share Price₦1.24
52 Week High₦1.69
52 Week Low₦0.73
Beta0.16
1 Month Change3.33%
3 Month Change11.71%
1 Year Change65.33%
3 Year Change79.71%
5 Year Change442.50%
Change since IPO203.80%

Recent News & Updates

Recent updates

Shareholder Returns

AIICONG InsuranceNG Market
7D1.6%6.5%2.6%
1Y65.3%91.7%52.2%

Return vs Industry: AIICO underperformed the NG Insurance industry which returned 89.3% over the past year.

Return vs Market: AIICO exceeded the NG Market which returned 52.4% over the past year.

Price Volatility

Is AIICO's price volatile compared to industry and market?
AIICO volatility
AIICO Average Weekly Movement5.0%
Insurance Industry Average Movement7.6%
Market Average Movement6.3%
10% most volatile stocks in NG Market8.7%
10% least volatile stocks in NG Market3.0%

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 (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1963464Babatunde Fajemirokunwww.aiicoplc.com

AIICO Insurance Plc engages in the provision of 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₦45.39b
Earnings (TTM)₦18.56b
Revenue (TTM)₦142.46b

2.4x

P/E Ratio

0.3x

P/S Ratio

Is AIICO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AIICO income statement (TTM)
Revenue₦142.46b
Cost of Revenue₦102.79b
Gross Profit₦39.67b
Other Expenses₦21.11b
Earnings₦18.56b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.51
Gross Margin27.85%
Net Profit Margin13.03%
Debt/Equity Ratio0%

How did AIICO perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

10%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/17 03:14
End of Day Share Price 2024/12/17 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

AIICO Insurance Plc is covered by 1 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.

AnalystInstitution
null nullCardinalStone Partners Limited