2020 FY Results: AIICO Insurance Plc reports a 20% increase in profit for the year.

AIICO Insurance Plc released its full-year results for the year ended December 2020.

  • Net Premium Income of N52.79 billion. (+21% YoY)
  • Net claims incurred was N31.66 billion. (+25% YoY)
  • The Company reported an Underwriting loss of N35.44 billion.
  • Profit before tax was N6.27 billion. (+5% YoY)
  • Earnings per share 43 kobo vs 83 kobo. (-48% YoY)
  • The shareholders’ fund of the company was N35.25 billion (+27% YoY)

See link to results

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