AIICO Insurance

The big upturn is despite an upsurge in net finance expense in the second quarter from N1.4 billion to N10.3 billion year-on-year – which consumed much of the investment income of N12.6 billion for the quarter. The profit drop in the…

Air Peace has introduced an insurance package from AIICO Insurance Plc to compensate unpleasant experiences of domestic travellers. The partnership between the organizations will bring innovation to the aviation industry through embedded…

The managing director of First Bank Nigeria Adesola Adeduntan and the managing director of AIICO Insurance Plc have topped a media performance audit conducted on their industries. The audit is an independent analysis of the media…

The banking and insurance sub-sectors ended in the red zone in the first half of this year, dampening the remarkable performance that earned the Nigerian stock market applause. The record shows that the Nigerian Exchange Limited (NGX)…

AIICO Insurance Plc overturned its N36 billion underwriting loss in 2020 into an underwriting profit of N29.5 billion in 2021. That gain was however more than countered by an adverse shift from net fair value gains of N30.6 billion in 2020…

AIICO Insurance Plc made a surprising turnaround from an underwriting loss of over N35 billion at the end of 2020 to an underwriting profit in the region of N28 billion in the first quarter. This provided the saving grace for the company to…

AIICO Insurance Plc sustained profit improvement for the third straight year at the end of 2020, hitting its target of ‘matching or exceeding its preceding year’s profit. That was a promise that Babatunde Fajemirokun, the company’s managing…

The Nigerian equities market commenced trading for the week on a high, sending the All Share Index upward by 0.33 per cent on Monday. The ASI gained 131.82 basis point up to 40,571.67 basis point from the 40,439.85 basis point it closed…

The six consecutive days of growth by the Nigerian Stock Market was on Wednesday halted as the value of equities dropped. The market suffered a loss as the All Share Index (ASI) fell by 0.26 percent to close at 35,056.82 basic point…

The sentiment of the Nigerian Stock Market (NSE) investors shifted towards the insurance sector amidst the fall in the shares of major sectors of the economy during the week in review. The NSE Insurance Index appreciated by 0.51% during…