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AIICO Insurance PlcNGSE:AIICO Stock Report

Market Cap ₦150.1b
Share Price
₦4.10
My Fair Value
₦2
105.0% overvalued intrinsic discount
1Y266.1%
7D7.0%
Portfolio Value
​
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AIICO Insurance Plc

NGSE:AIICO Stock Report

Market Cap: ₦150.1b

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 Performance2/6
Financial Health5/6
Dividends3/6

Rewards

Price-To-Earnings ratio (11.3x) is below the NG market (11.5x)

Risk Analysis

Volatile share price over the past 3 months compared to the NG market

Profit margins (8.7%) are lower than last year (17.1%)

Unstable dividend track record


AIICO Community Fair Values

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See what 26 others think this stock is worth. Follow their fair value or set your own to get alerts.

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AIICO Insurance Plc – H1 2025 Financial Performance Review

AIICO Insurance Plc – H1 2025 Financial Performance Review AIICO Insurance Plc demonstrated strong revenue and asset growth in H1 2025, positioning itself as a resilient player in Nigeria’s insurance sector. Despite a marginal decline in profitability, the company’s expanded insurance and investment income base, strengthened equity, and improved underwriting results suggest long-term growth potential.
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₦2
FV
105.0% overvalued intrinsic discount
24.96%
Revenue growth p.a.
0users have liked this narrative
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5users have followed this narrative
about 2 months ago author updated this narrative
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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₦4.10
52 Week High₦5.11
52 Week Low₦1.08
Beta0.24
1 Month Change7.89%
3 Month Change150.00%
1 Year Change266.07%
3 Year Change645.45%
5 Year Change1,335.01%
Change since IPO904.51%

Recent News & Updates

Recent updates

Shareholder Returns

AIICONG InsuranceNG Market
7D7.0%-0.2%2.2%
1Y266.1%218.6%53.3%

Return vs Industry: AIICO exceeded the NG Insurance industry which returned 218.7% over the past year.

Return vs Market: AIICO exceeded the NG Market which returned 51.6% over the past year.

Price Volatility

Is AIICO's price volatile compared to industry and market?
AIICO volatility
AIICO Average Weekly Movement12.7%
Insurance Industry Average Movement12.6%
Market Average Movement8.5%
10% most volatile stocks in NG Market13.4%
10% least volatile stocks in NG Market4.7%

Stable Share Price: AIICO's share price has been volatile over the past 3 months compared to the NG market.

Volatility Over Time: AIICO's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of NG stocks.

About the Company

FoundedEmployeesCEOWebsite
1963489Babatunde 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₦150.08b
Earnings (TTM)₦13.27b
Revenue (TTM)₦152.29b
11.3x
P/E Ratio
1.0x
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₦152.29b
Cost of Revenue₦85.36b
Gross Profit₦66.94b
Other Expenses₦53.67b
Earnings₦13.27b

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.36
Gross Margin43.95%
Net Profit Margin8.71%
Debt/Equity Ratio0%

How did AIICO perform over the long term?

See historical performance and comparison

Dividends

1.7%
Current Dividend Yield
19%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/15 05:10
End of Day Share Price 2025/09/15 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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 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