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 share of 10 kobo Vs 27 kobo YoY

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