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AIICO · Insurance — NGX-listed company profile

AIICO Insurance Plc

An evergreen share profile for investors researching how to buy AIICO Insurance Plc shares on the Nigerian Exchange. Covers life, general, and health insurance operations, pension subsidiaries, key risks, dividends, and how to begin research.

Important disclaimer

This page is for general information only. It is not financial advice and it is not a recommendation to buy, sell, or hold any shares. The value of investments can go up as well as down.

View Official NGX Page

Company overview

AIICO Insurance Plc is one of Nigeria's oldest and largest insurance groups, listed on the Nigerian Exchange under the symbol AIICO. Incorporated in 1963 and publicly listed since 1990, AIICO operates across three core business lines: life assurance, general insurance, and health maintenance. The group has subsidiaries in pension fund administration through AIICO Pension Managers and in investment management through AIICO Capital. It is widely regarded as one of the blue-chip insurers on the NGX and holds a significant share of the Nigerian life insurance market. AIICO has expanded its digital distribution capability in recent years to reach a wider retail customer base beyond its traditional corporate-focused business.

What AIICO Insurance Plc does

AIICO Insurance provides life assurance products including term life, endowment, and group life policies to individuals and corporate clients. Its general insurance arm underwrites motor, property, marine, and liability risks. The health maintenance organisation business — AIICO HMO — provides health coverage plans to individuals and employer groups. AIICO Capital Limited manages investment funds and portfolio management services, while AIICO Pension Managers administers retirement savings accounts under Nigeria's Contributory Pension Scheme. Premium income from insurance underwriting and investment returns on the group's bond and equity portfolio are the primary revenue drivers.

What this profile is helping you evaluate

People researching how to buy AIICO Insurance shares are typically seeking exposure to Nigeria's insurance sector, which has historically had low penetration rates and structural growth potential as incomes rise and regulatory compulsion expands. AIICO is one of the most recognisable insurance brands in Nigeria and one of the few companies with cross-segment presence in life, general, health, and pensions.

Review the official NGX company profile for AIICO to confirm listing status, share structure, and recent corporate announcements including any capital restructuring or acquisitions.
Read AIICO's most recent annual report and investor relations materials to understand gross written premium by segment (life, general, health), investment portfolio composition, loss ratios, and the group's solvency position.
Assess the Nigerian insurance regulatory environment — NAICOM licensing requirements, minimum capital regulations, and compulsory insurance mandates — since these factors directly affect market growth and premium volumes for all NGX-listed insurers.

Risks to understand before buying shares

  • Underwriting risk: insurance losses from claims can exceed premium income in any given period, particularly in general insurance where large property or liability events can arise.
  • Investment portfolio risk: AIICO holds bonds, equities, and real estate to back insurance liabilities. Market downturns or bond defaults can reduce investment income and impair the portfolio.
  • Regulatory risk: NAICOM can change minimum capital requirements, solvency margins, or product pricing guidance, which may require capital injections or constrain dividend capacity.
  • Currency risk: some reinsurance arrangements are priced in foreign currency. Naira depreciation can increase reinsurance costs and reduce net retained premium margins.
  • The value of shares can rise or fall. Past performance of AIICO is not a guide to future returns.

Dividends

AIICO Insurance has declared dividends historically subject to underwriting profitability, investment returns, and NAICOM solvency margin requirements. Dividend levels vary with the profitability cycle of the insurance business. Review the most recent dividend announcements on the official NGX company page and in AIICO's published accounts before drawing conclusions about income potential.

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Stock profile

AIICO Insurance Plc

AIICO · NGX

  • ›Listed on the Nigerian Exchange (NGX) under the symbol AIICO
  • ›Sector: Insurance (life, general, health, pension management)
  • ›Incorporated in 1963; one of Nigeria's oldest insurance groups
  • ›Subsidiaries include AIICO Pension Managers and AIICO Capital Limited
  • ›Regulated by the National Insurance Commission (NAICOM) and National Pension Commission (PenCom)

Use the official NGX source page to confirm the current listing status, company announcements, and public information.

NGX Listing Page ↗Company IR Page ↗

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Not financial advice

This page is for general information only. It is not financial advice and it is not a recommendation to buy, sell, or hold any shares. The value of investments can go up as well as down.

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This page is for general information only. It is not financial advice and it is not a recommendation to buy, sell, or hold any shares. The value of investments can go up as well as down.

Frequently asked questions

What does AIICO Insurance Plc do?

AIICO Insurance Plc is a diversified Nigerian insurance group providing life assurance, general insurance, and health maintenance organisation (HMO) services. Through subsidiaries, it also offers pension fund administration (AIICO Pension Managers) and investment management (AIICO Capital).

What is the NGX ticker symbol for AIICO Insurance?

AIICO Insurance Plc trades on the Nigerian Exchange under the ticker symbol AIICO.

Does AIICO Insurance pay dividends?

AIICO Insurance has historically declared dividends subject to annual underwriting profitability and NAICOM solvency requirements. Check the latest NGX announcements and annual reports for current dividend information.

How is AIICO regulated in Nigeria?

AIICO Insurance Plc is regulated by the National Insurance Commission (NAICOM), which sets minimum capital requirements, solvency margins, and product standards for Nigerian insurers. AIICO Pension Managers is separately regulated by the National Pension Commission (PenCom).

What sectors does AIICO operate in?

AIICO operates across life assurance, general insurance (motor, property, marine, liability), health management (HMO), pension fund administration, and investment management — making it one of Nigeria's most diversified insurance groups.

Is this page financial advice or a recommendation to buy AIICO Insurance shares?

No. Shares Saver publishes these company profile pages for general educational information only. They are not financial advice and they are not a recommendation to buy, sell, or hold any shares.

How can I buy AIICO Insurance shares through Shares Saver?

Shares Saver works with regulated NGX stockbroker partners. Create a free account, complete identity verification, and submit a purchase instruction for AIICO. Shares are registered directly in your own name via the CSCS.

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Research resources

Start with the official NGX company page for the listing record and announcements, then visit the company's own investor relations site for annual reports, results, and dividend history.

NGX Listing PageCompany IR Page ↗

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