• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Equities Dividends

AIICO Insurance to pay shareholders N1.09 billion dividends in 2022

The insurance firm has recommended a dividend of 3 kobo per share for the 2022 financial year

Chris Ugwu by Chris Ugwu
April 11, 2023
in Dividends, Equities, Markets
AIICO Insurance to pay shareholders N1.09 billion dividends in 2022
Share on FacebookShare on TwitterShare on Linkedin

Key Highlights

  • The Directors recommend to the shareholders the payment of a dividend in respect of the year ended 31 December 2022 of N1.098 billion, representing 3 kobos per share.
  • The dividend is subject to shareholders’ approval and appropriate withholding tax will be paid to shareholders whose names appear in the Register of Members as at the close of business on May 31, 2023.
  • The Company’s gross written premium grew by 23.3% y-o-y to N88.3 billion in FY 2022 as against N71.6 billion in 2021.

Shareholders of AIICO Insurance Plc will receive a final dividend of N1.098 billion for the financial year ending December 2022, representing a total dividend of 3 kobos per share declared by the insurance firm.

The Board of Directors of AIICO Insurance Plc has pursuant to the powers vested in it by the provisions of section 426 of the Companies and Allied Matters Act (CAMA 2020) of Nigeria proposed a final dividend of 3 kobo per share for the financial year 2022.

This was contained in the company’s corporate action announcement to the Nigerian Exchange Limited (NGX) and obtained by Nairametrics.

RelatedStories

Rights Issue: Sovereign Trust Insurance Plc lists 2.864 billion ordinary shares on NGX

Top 10 insurance companies based on premiums received in FY 2024 

April 19, 2025
AIICO’s pre-tax profit soars by 121.55% in the second quarter of 2024, backed by an upgrade 

AIICO’s 2024 profit growth masks a claims-driven underwriting crisis

March 17, 2025

Subject to shareholders’ approval


According to the company, the dividend is subject to shareholders’ approval and appropriate withholding tax will be paid to shareholders whose names appear in the Register of Members as at the close of business on May 31, 2023.

The statement signed by the company said that on June 15, 2023, dividends will be paid electronically to shareholders whose names appear on the Register of Members as of May 31, 2023, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts

Advice to shareholders

Shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form, which is also available on the website of the Registrars.

Shareholders with dividend warrants and share certificates that have remained unclaimed, or are yet to be presented for payment or returned for validation are also advised to complete the e-dividend registration or contact the Registrar.

What you should know

AIICO Insurance Plc (AIICO) announced its unaudited results for the fiscal year ended 31 December 2022 showing gross written premium grew by 23.3% y-o-y to N88.3 billion in FY 2022 as against N71.6 billion in 2021. This was due to a y-o-y increase of 39.1% in General Insurance to N26.5 billion (FY 2021: N19.0 billion).

Profit before income tax from continuing operations increased to N4.5 billion in FY 2022 from N2.8 billion in 2021.

In 2022, the Company completed the sale of its stake in AIICO Pensions, recording a profit from discontinued operations of N2.9 billion. As a result, profit for the year rose by 39.5% to N6.9 billion in FY 2022 (FY 2021: N4.9 billion).


Follow us for Breaking News and Market Intelligence.
Tags: AIICO InsuranceAIICO Insurance - FinancialsNigerian Exchange Limited (NGX)
Chris Ugwu

Chris Ugwu

Chris is a Senior Financial Analyst at Nairametrics Advocates Limited with over a decade stint in active journalism and public relations practice.

Related Posts

Rights Issue: Sovereign Trust Insurance Plc lists 2.864 billion ordinary shares on NGX
Equities

Top 10 insurance companies based on premiums received in FY 2024 

April 19, 2025
AIICO’s pre-tax profit soars by 121.55% in the second quarter of 2024, backed by an upgrade 
Equities

AIICO’s 2024 profit growth masks a claims-driven underwriting crisis

March 17, 2025
AIICO’s pre-tax profit soars by 121.55% in the second quarter of 2024, backed by an upgrade 
Blurb

AIICO needs to sustain first half of 2024’s growth and share price rally

August 19, 2024
AIICO’s pre-tax profit soars by 121.55% in the second quarter of 2024, backed by an upgrade 
Company News

AIICO’s pre-tax profit soars by 121.55% in the second quarter of 2024, backed by an upgrade 

August 1, 2024
Leading Nigerian insurance firms pay N49.16 billion in claims for HY’ 2023 
Dividends

Top Nigerian insurance firms pay N40.439 billion in claims in Q1 2024 

July 17, 2024
Leading Nigerian insurance firms pay N49.16 billion in claims for HY’ 2023 
Exclusives

Top insurance firms’ claims payment jumps 18% to N142 billion in 2023  

May 16, 2024
Next Post
New Google policy will hurt loan apps in Nigeria

New Google policy will hurt loan apps in Nigeria —Ngozi Dozie

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • JAMB releases 2025 UTME mop-up results across Nigeria 
  • Nigeria placed 3rd in Africa for highest Air Ticket charges in 2024 – New Report
  • Nigeria Customs warns public against fake July CBT recruitment shortlist, vows actions against fraudsters 

Follow us on social media:

Recent News

2025 UTME: JAMB to investigate mass complaints over low scores and technical issues 

JAMB releases 2025 UTME mop-up results across Nigeria 

July 6, 2025
Airlines, African airlines

Nigeria placed 3rd in Africa for highest Air Ticket charges in 2024 – New Report

July 6, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics