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AIICO Insurance Plc posts N1.51 billion profit in Q1 2021.

AIICO Insurance Plc released its unaudited results for the first quarter of the year (Q1, 2021). Net premium income for the period was N14.19 billion. (+7% YoY) Net claim expenses of N10.98 billion. (-42% YoY) Underwriting profit of N27.7 billion was recorded. (+21,239% YoY) Profit for the year was N1.51 billion. (-19% YoY) Earnings per […]

AIICO Insurance Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net premium income for the period was N14.19 billion. (+7% YoY)
  • Net claim expenses of N10.98 billion. (-42% YoY)
  • Underwriting profit of N27.7 billion was recorded. (+21,239% YoY)
  • Profit for the year was N1.51 billion. (-19% YoY)
  • Earnings per share of 10 kobo Vs 27 kobo YoY

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