AIICO Insurance Plc

For implementing International Financial Reporting Standard 17 (IFRS), NEM insurance Plc, among others listed on the Nigerian Exchange Limited (NGX) are to delay 2023 filings of audited result and accounts to the investing public. An…

AIICO Insurance Plc experienced a bad earning season in the third quarter when finance service expenses doubled to N28.6 billion, consumed insurance revenue of N23.4 billion for the quarter, and dimmed the hopes for profit improvement for…

InfraCredit has announced the equity investment by AIICO Insurance Plc (AIICO) representing five per cent of the total share capital of InfraCredit and joining Leadway Assurance Plc as the second private domestic institutional investor.…

AIICO Insurance Plc ended the first quarter operations with N1.4 billion profit indicating a 72 percent drop from N4.9 billion following a lack of sales of investment that swelled the bottom line in that period last year. Also, net fair…

AIICO Insurance Plc slashed a loss of N34.6 billion in financial assets in the prior financial year to N6 billion in 2022, which helped management to counter the impact of a massive increase in total underwriting expenses and build a…

Coscharis Motors Limited, a leading brand in the Nigerian automobile industry, has signed a pact with AIICO Plc to embed motor insurance into its sales.

AIICO Insurance Plc saw a disappointing second quarter in which profit fell by 89 per cent year-on-year to N185 million and the operating speed with which it built N4.7 billion profit in the first quarter halted.   With the strong first…

Key market indices were all in the red when the Nigerian Exchange Limited (NGX) closed bearish Thursday, losing N34.8 billion. The dip of the domestic bourse was buoyed by a decline in the stocks of large and medium-scale companies like…

AIICO Insurance Plc is again doing the core business of risk underwriting at a loss so far this year after it closed that section of business at a loss of N6.3 billion in 2019. The underwriting loss has rather grown to nearly N11 billion at…

OMOTAYO ARAOYE AIICO Insurance PLC has announced that its board will meet on Thursday, July 30 to review and approve the draft unaudited financials for the second quarter period ended June 30, Also, the company starts its closed…