Stock AIICO AIICO INSURANCE PLC
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Company AIICO Insurance Plc

Equities

AIICO

NGAIICO00006

Multiline Insurance & Brokers

End-of-day quote Nigerian S.E.
Other stock markets
 23:00:00 27/06/2024 BST 		5-day change 1st Jan Change
0.97 NGN +2.11% Intraday chart for AIICO Insurance Plc +1.04% +21.25%
06-05 AIICO Insurance Plc Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
01-30 AIICO Insurance Plc Reports Earnings Results for the Full Year Ended December 31, 2023 CI

Business Summary

AIICO Insurance Plc is the Nigerian leading life insurance group. Gross written premium breaks down by activity as follows:

- life insurance (74.3%). The group also develops pension insurace activity;

- non-life insurance (24.3%): primarily motor, home, commercial and damage insurances;

- health insurance (1.4%).

All gross written premium are in Nigeria.

Number of employees: 429

Sales per Business

NGN in Million2022Weight2023Weight Delta
Life
61.0 %
75,985 83.9 % 65,565 61.0 % -13.71%
General
32.9 %
12,738 14.1 % 35,353 32.9 % +177.55%
Asset Management
5.7 %
1,027 1.1 % 6,076 5.7 % +491.48%
Health Management Services
1.1 %
804 0.9 % 1,142 1.1 % +41.97%
Elimination of Inter-segment Transactions
-0.7 %
36 0.0 % -709 -0.7 % -2,048.73%

Sales per region

NGN in Million2022Weight2023Weight Delta
Nigeria
100.0 %
90,591 100.0 % 107,427 100.0 % +18.58%

Managers

Managers TitleAgeSince
Babatunde Fajemirokun CEO
 Chief Executive Officer - 30/04/09
Titilola Okunlola CTO
 Chief Tech/Sci/R&D Officer - -
Kadri Adewale Abass CTO
 Chief Tech/Sci/R&D Officer - 31/10/17
Joseph Oduniyi PRN
 Corporate Officer/Principal - -
Olusanjo Shodimu PRN
 Corporate Officer/Principal - 31/05/14
Abiodun Adebanjo PRN
 Corporate Officer/Principal - 31/12/09
Donald Kanu SEC
 Corporate Secretary - 31/12/13

Members of the board

Members of the board TitleAgeSince
Lekan Akinyanmi BRD
 Director/Board Member 52 03/09/19
Ademola Abimbola Adebise BRD
 Director/Board Member 58 31/03/16
Babatunde Fajemirokun CEO
 Chief Executive Officer - 30/04/09
Raimund Snyders BRD
 Director/Board Member 59 13/01/20
Kundan Sainani CHM
 Chairman - 31/12/14
Samaila Zubairu BRD
 Director/Board Member - -
Kadri Adewale Abass CTO
 Chief Tech/Sci/R&D Officer - 31/10/17
Oluwafolakemi Fajemirokun BRD
 Director/Board Member - 26/08/18

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 36,605,275,996 31,121,142,362 ( 85.02 %) 0 85.02 %

Shareholders

NameEquities%Valuation
ICM InvestmentBank AG
0.9625 %
352,333,332 0.9625 % 236 063 ₦

Company contact information

Aiico Insurance Plc

AIICO Plaza Churchgate Street

100283, Lagos

+234 1 279 2930

http://www.aiicoplc.com
address AIICO Insurance Plc(AIICO)

Group companies

NameCategory and Sector
AIICO Capital Ltd.

Sector

Financials
Insurance
Insurance
Multiline Insurance & Brokers
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Sales per Business

Sector Other Multiline Insurance & Brokers

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