2020 FY Results: AIICO Insurance Plc reports a 20% increase in profit for the year.

AIICO Insurance Plc released its full-year results for the year ended December 2020.

• Net Premium Income of N52.79 billion. (+21% YoY)
• Net claims incurred was N31.66 billion. (+25% YoY)
• The Company reported an Underwriting loss of N35.44 billion.
• Profit before tax was N6.27 billion. (+5% YoY)
• Earnings per share 43 kobo vs 83 kobo. (-48% YoY)
• The shareholders’ fund of the company was N35.25 billion (+27% YoY)

See link to results