AIICO Insurance Plc

NGSE:AIICO Stock Report

Market Cap: ₦58.9b

AIICO Insurance Management

Management criteria checks 2/4

AIICO Insurance's CEO is Babatunde Fajemirokun, appointed in Aug 2019, has a tenure of 5.92 years. directly owns 0.4% of the company’s shares, worth NGN236.86M. The average tenure of the management team and the board of directors is 5.8 years and 7.3 years respectively.

Key information

Babatunde Fajemirokun

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure5.9yrs
CEO ownership0.4%
Management average tenure5.8yrs
Board average tenure7.3yrs

Recent management updates

Recent updates

CEO

Babatunde Fajemirokun

5.9yrs
Tenure

Mr. Babatunde Fajemirokun, A.C.I.I., B.A., FCII, 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 Offi...

Leadership Team

NamePositionTenureCompensationOwnership
Babatunde Fajemirokun
Group MD5.9yrsno data0.40%
NGN 236.9m
Bisola Elias
Chief Financial Officer1.4yrsno datano data
Moyosore Onanuga
Head of Investment & Corporate Planningno datano datano data
Adewale Abass
Executive Director of Technical & Executive Directorno datano datano data
Oluyemi Obakin
Chief Human Resources Officerno datano datano data
Abiodun Adebanjo
Chief Risk Officerno datano datano data
Olusanjo Shodimu
Chief Digital & Innovation Officer2.8yrsno datano data
Iyabo Adeniran
Head of Group Life Business5.8yrsno datano data
Titilola Okunlola
Head of Technical – Retail Business5.8yrsno datano data
Ezekiel Olukolajo
Head of Non-Life Technicalno datano datano data
Akinsola Akinsola
Head of Corporate Sales & Energy Groupno datano datano data
Oladele Akanni
Head of Northern Regionno datano datano data
5.8yrs
Average Tenure

Experienced Management: AIICO's management team is seasoned and experienced (5.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Babatunde Fajemirokun
Group MD10.2yrsno data0.40%
NGN 236.9m
Adewale Abass
Executive Director of Technical & Executive Director7.8yrsno datano data
Gbenga Ilori
Executive Director of Retail Business Division & Director1.5yrsno datano data
R. Ademola Adebise
Non-Executive Director9.3yrsno data0.00013%
NGN 76.6k
Olalekan Akinyanmi
Non-Executive Director6.5yrsno datano data
Kundan Sainani
Chairman10.7yrsno datano data
Samaila Zubairu
Independent Non-Executive Director9.3yrsno datano data
Raimund Synders
Representative Non-Executive Director5.5yrsno datano data
Oluwafolakemi Edun
Non-Executive Director6.8yrsno datano data
Kemi Adewole
Independent Non-Executive Director1.1yrsno datano data
7.3yrs
Average Tenure

Experienced Board: AIICO's board of directors are considered experienced (7.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/01 11:50
End of Day Share Price 2025/07/01 00:00
Earnings2025/03/31
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