AIICO defies capital raise, retains composite licence, delivers strong Q2 performance

AIICO Insurance Plc has received a new operational licence from the National Insurance Commission (NAICOM), confirming its full compliance with the recapitalisation requirements introduced under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. The development comes as the company continues to post strong financial results, reinforcing its position as one of the industry’s most resilient and well-capitalised players.
In a public notice dated August 2, 2026, NAICOM confirmed the successful conclusion of the 12-month recapitalisation exercise across the insurance sector. AIICO was listed among a select group of insurers that met the new minimum capital threshold, retaining its stat...