Lagos, Nigeria – Thursday, September 11, 2025
AIICO Insurance Plc has projected a profit after tax of ₦19.5 billion for the full year ending December 2025, according to a filing submitted to the Nigerian Exchange (NGX) and signed by the company’s Managing Director and Chief Financial Officer.
The forecast includes a profit before tax of ₦20.63 billion, with estimated tax expenses of ₦1.08 billion. AIICO also anticipates gross written premiums of ₦195.9 billion, insurance revenue of ₦131.6 billion, and net investment income of ₦72.04 billion for the period. The company expects its insurance service margins to rise from a decrease of 2.9% to approximately 9.0% in FY 2025.
If AIICO maintains its record of exceeding previous forecasts, the actual results could meet or even surpass this estimate, reflecting the company’s continued focus on growth and profitability in the Nigerian insurance sector.