AIICO Insurance's pre-tax profit climbs 27.3% in 2026

AIICO Insurance Plc (NGX: AIICO) announced a 27.3% rise in consolidated pre-tax profit to N19.42 billion for the nine months ending September 30, 2026, compared to N15.25 billion in the same period of 2025. This growth was supported by a 14.7% increase in insurance revenue, which reached N114.57 billion, and a 6.6% rise in gross written premium to N163.58 billion.

Profit after tax also increased by 25.6% to N17.28 billion from N13.75 billion. Despite a 22.3% rise in insurance service expenses to N81.17 billion, the group benefitted from stronger investment returns, leading to a 47.4% increase in combined insurance and investment results to N36.87 billion.

Total assets grew by 21.3% to N708.39 billion, while total liabilities rose by 22.6% to N595.06 billion. Shareholders’ funds attributable to the parent increased by 14.8% to N112.55 billion.

AIICO Insurance shares fell by 6.58% to N3.55 on October 30, 2026.