Nigeria’s top listed insurance firms are in the middle of what could be described as their most profitable period in over a decade, buoyed by a mix of rising interest rates, regulatory enforcement, and smart investment allocation.
According to data from the Nigerian Exchange, 16 insurance companies are currently listed, with a total market capitalization...
AIICO Insurance reported impressive profit growth in 2024, but a closer look reveals deep challenges in its core...
AIICO Insurance recently released its first-half 2024 results, showcasing an impressive pre-tax profit growth of 98.26%, reaching N14.38 billion.
AIICO Insurance released its 2024 second quarter results, showing pre-tax profit increased 121.55% year-over-year from 6.3 billion reported in 2023.
Leading insurance companies in Nigeria disbursed N40.439 billion in claims during the first quarter of 2024, compared to N33.869 billion in the same period of 2023, reflecting a growth of 19.40%.
Leading insurance companies in Nigeria paid N141.761 billion in claims in the financial year of 2023, compared to N120.563 billion in 2022, representing a growth of 17.58%.
InfraCredit announces the equity investment by AIICO Insurance Plc representing five per cent of the total share capital of InfraCredit.
AIICO Insurance Plc has been admitted as the second private domestic institutional investor in InfraCredit, following Leadway Assurance Plc’s initial involvement.
Leading insurance companies in Nigeria reported a total of N116.636 billion in net claims paid during the first nine months of 2023, marking a significant increase from the N96.902 billion recorded in the same period in 2022, representing a notable growth of 20.36%.
In the first half of 2023, Nigeria's leading insurance firms grappled with a surge in net claims payments, amounting to N49.158 billion.
The Board of AIICO Insurance Plc has announced the appointment of Mr. Gbenga Ilori as Executive Director of the company.
