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AIICO Insurance: 2022 results

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Magazine Issue: 
Insurance of systemic risks [3]
Magazine date: 
Feb 2023

AIICO InsuraceAIICO Insurace [4], an insurance company listed on the Nigerian stock exchange, has ended the 2022 financial year with a 23.3% increase in its turnover. As of 31 December 2022, the premium volume stood at 88.323 billion NGN (197.03 million USD).

The annual net profit went up by 39.5% to reach 6.858 billion NGN (15.3 million USD) against 4.916 billion NGN (11.93 million USD) in 2021.

By the end of 2022, the company's equity amounted to 44.1 billion NGN (98.38 million USD) and its total assets to 270.019 billion NGN (602.35 million USD).

Thu, 09/02/2023 - 11:10

Source URL: https://www.atlas-mag.net/en/category/pays/nigeria/aiico-insurance-2022-results

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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-198-february-2023
[4] https://www.atlas-mag.net/en/article/aiico-insurance