![[Corporate Action] Aiico Insurance Records 1% Drop In PAT to N2.6 billion In Q3’2015](https://nairametrics.com/wp-content/uploads/2015/10/aiico-2.jpg)
Aiico Insurance released its financial results for the nine months ended 30 September 2015.
The result showed that Gross Premium fell by 7% from N13 billion in Q3’2014 to N12 billion in Q3’2015.
Pre-tax profits also reduced by 8% ‘from N3.3 billion in Q3’2014 to N3.1 billion in Q3’2015.
See Summary of result below..
| AIICO INSURANCE Q3 2015 | N’m | N’m | |
| 30-Jun-15 | 30-Jun-14 | % Change | |
| Gross Premium | 12,714 | 13,691 | -7% |
| Underwriting Profits | 2,488 | 4,284 | -42% |
| Other Income & Investment Income | 4,304 | 2,691 | 60% |
| Operating Expenses | -4,415 | -3,760 | 17% |
| Pre-tax profits | 3,129 | 3,393 | -8% |
| Profit After Tax | 2,693 | 2,715 | -1% |
| Share Price(As at Press time) |
