Insurance Firm Revenue Up 15% To N114.6bn As Gross Premium Hits N163.6bn

AIICO Insurance Plc grew insurance revenue by 14.7 per cent to N114.57 billion in the nine months ended 30 September 2026, while gross premium written rose 5.9 per cent to N163.58 billion from N153.40 billion.
The Group in its unaudited results showed profit before tax rose 27.3 per cent to N19.42 billion from N15.25 billion, while profit after tax increased 25.6 per cent to N17.28 billion from N13.75 billion. Earnings per share increased to 47 kobo from 37 kobo.
Profit before tax excluding unrealised foreign exchange effects rose even faster, up 35.3 per cent to N21.46 billion from N15.86 billion. Profit after tax excluding unrealised FX effects rose 21.4 per cent to N19.05 billion. ...