AIICO lnsurance Plc reports Unaudited Interim report for the period ended 30 September, 2021

AIICO Insurance Plc has released its unaudited interim report and financial statement for the third quarter ended 30th of September, 2021.

  • Gross premium written during the period was N54.67 billion. (+15.84% YoY)
  • Gross premium income for the period was N51.44 billion. (+16.56% YoY)
  • Net Premium income for the period was N42.96 billion
  • Underwriting profit during the period was N29.74 billion. (+233% YoY)
  • Other expenses of N15.45 billion was recorded.
  • Profit after tax from discontinued operation was reported as N2.37 billion.
  • Profit for the period was N2.43 billion.
  • Total assets during the period stood at N212.25 billion. (-30.84 mn YtD)
  • Earnings per share of 15 kobo Vs 45 kobo.

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