AIICO Insurance Plc has delivered a blockbuster financial performance, posting a massive ₦137.7 billion in group revenue for 2025 — a 27% jump from the previous year.
Premium income surged to ₦191.8 billion, up over 20%, while the company flipped its insurance service result from a ₦3 billion loss in 2024 to a ₦9.5 billion profit in 2025, signalling stronger underwriting and healthier margins.
Even without one-off FX gains, profits soared. Normalised profit before tax climbed 63.6% to ₦20.4 billion, while profit after tax rose 54% to ₦18.3 billion, showing that growth was driven by core operations, not currency windfalls.
AIICO’s balance sheet also strengthened significantly, with total assets rising 39% to ₦579.7 billion and shareholders’ funds jumping 40% to ₦94.3 billion.
Commenting on the results, Managing Director and CEO Babatunde Fajemirokun said the performance reflects disciplined strategy execution and the growing strength of AIICO’s insurance businesses, noting that service margins rebounded sharply from negative territory to 6.9%.
Looking ahead, the company says it is positioned to capitalise on improving macroeconomic conditions, deepen customer engagement, and deliver sustainable long-term value to shareholders through prudent risk management and operational efficiency.
