AIICO Insurance posts record FY2025 performance as revenue climbs to N137bn

AIICO Insurance Plc has released its full-year results for the financial year ended December 31, 2025, posting strong growth across key performance indicators despite a challenging economic environment marked by rising inflation, currency volatility, and global uncertainty.

The insurer grew insurance revenue by 26.5 percent to N137.0 billion, up from N108.4 billion in 2024, demonstrating resilience and strong execution in a year defined by economic headwinds.

Gross premiums written — the total value of policies underwritten during the period — rose by 20.2 percent to N191.7 billion, while profit after tax surged by an impressive 195.4 percent to N23.7 billion. The performance exceeded market expectations by 23.1 percent, underscoring the company’s ability to sustain growth despite weakened consumer spending caused by inflationary pressures.

For millions of Nigerians, the results reinforce confidence in a financially stronger insurer capable of protecting families, businesses, and assets at a time when economic uncertainty continues to weigh heavily on households and corporate organisations., managing director/CEO of AIICO Insurance Plc, said the company’s performance reflects disciplined execution and strategic focus despite macroeconomic challenges.

“In a year shaped by macroeconomic transition and evolving policy reforms, AIICO delivered solid performance across our businesses, reflecting steady execution of our strategy and our continued commitment to serving our clients with excellence,” he said.

Fajemirokun noted that the significant recovery in insurance margins was driven by disciplined execution, prudent risk management, and targeted investments, which will remain key priorities for 2026.

Under his leadership, AIICO achieved a strong 31.2 percent normalised return on equity, demonstrating efficient utilisation of shareholders’ funds. The board also proposed a dividend of 12 kobo per share, payable on June 5, 2026, rewarding shareholders for their continued confidence in the company.

Industry analysts say AIICO’s performance reflects a carefully executed strategy focused on customer retention, operational efficiency, and financial resilience, especially as Nigeria continues efforts to stabilise inflation and strengthen macroeconomic conditions.

For existing customers, the results provide reassurance about the company’s capacity to meet claims obligations, backed by total comprehensive income growth of 89 percent to N33.5 billion. Prospective policyholders are likely to see an insurer with diversified offerings spanning life insurance, healthcare, general insurance, and investment solutions.

Investors are also expected to view the results positively, particularly as the company’s earnings growth was driven largely by core business performance rather than one-off foreign exchange gains recorded in previous periods, suggesting stronger earnings sustainability.

Looking ahead, AIICO said it remains focused on strengthening its asset-liability management framework to cushion against market volatility and preserve long-term value for customers and shareholders.

With more than five decades of operations in Nigeria’s insurance industry, AIICO continues to position itself as one of the country’s leading insurance and financial services groups, leveraging innovation, disciplined risk management, and customer-centric solutions to drive long-term growth.