AIICO Insurance coverage reported a pretax revenue of N19.8 billion for 2025, up 24.86% from N15.9 billion in 2024, pushed by robust insurance coverage income, in response to its 2025 full-year unaudited outcomes.
The fourth quarter contributed N3.9 billion to the whole, up from N1.2 billion in the identical interval final 12 months, as each insurance coverage and funding earnings grew.
The corporate noticed heightened insurance coverage exercise, with acquired premiums rising to N189.2 billion from N156.1 billion, whereas claims paid elevated to N93.5 billion.
General, AIICO’s outcomes present robust efficiency in each underwriting and funding, supported by rising demand within the insurance coverage market.
Key Highlights (FY 2025 vs FY 2024)
- Insurance coverage income: N137.6 billion, up 27.05% YoY
- Insurance coverage service end result: N9.5 billion (vs N3 billion loss in 2024)
- Funding earnings: N60.5 billion, up 47.37% YoY
- Web funding earnings: N82.4 billion, up 83.54%
- Web insurance coverage and funding end result: N34 billion, up 49.07%
- Pretax revenue: N19.8 billion, up 24.86%
- Whole belongings: N579.6 billion, up 39.18%
Driving the Numbers
The group’s insurance coverage income for FY 2025 grew to N137.6 billion, earlier than service bills of N94.5 billion and internet reinsurance prices of N33.5 billion weighed on the highest line.
Consequently, the insurance coverage service end result settled at N9.5 billion, a robust turnaround in comparison with the N3.0 billion loss recorded in 2024.
Funding earnings, largely from efficient curiosity, reached N60.5 billion, up N41 billion year-on-year, with curiosity from investments accounting for 98% of the whole.
- After factoring in funding bills and a internet honest worth achieve of N24.03 billion on belongings, internet funding earnings got here in at N82.4 billion, considerably larger than insurance coverage earnings.
However, bills from insurance coverage contracts totaled N59.5 billion, leaving a mixed internet insurance coverage and funding results of N34.06 billion, up N22.8 billion from the prior 12 months.
After accounting for different bills of N17.4 billion, the group reported a pretax revenue of N19.8 billion, representing a 24.86% enhance year-on-year.
On the stability sheet, whole belongings stood at N579.6 billion, up from N416.4 billion in 2024. Whole fairness rose to N94.9 billion from N67.8 billion, with retained earnings of N41.8 billion, up 39.45%, reflecting robust development throughout the group’s monetary place.
Market response
Shares of AIICO Insurance coverage have but to totally reply to the corporate’s robust full-year outcomes. As of mid-trading on 5 February 2026, the inventory was down 1.90%, buying and selling at N4.12.
Regardless of the dip, the corporate’s constructive fundamentals—together with robust insurance coverage income development, improved funding earnings, and a big rebound in pretax revenue—might appeal to traders in search of additional upside within the coming periods.
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