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FINANCIAL SERVICES · Insurance Carriers · Price, fundamentals, signals, and forward-looking context in one research view.
FINANCIAL SERVICES
₦135B
1.8%
6.82
Current price
₦3.65
-1.4% todayUpdated 36 min ago
Open
₦3.70
Previous close
₦3.70
Day range
₦3.65 – ₦3.70
Volume
4,699,988
6.8x P/E
Awaiting filing
1.8% yield
65/100 measured
Moderate liquidity
Recent price movement, key market context and the latest company information.
The latest saved price history for AIICO, with its range and direction at a glance.
117 pages were reviewed. Open the update for the summary and original document.
AIICO Insurance Plc provides risk underwriting and related financial services in Nigeria. It operates through Life Insurance, General Business, Health Management, and Asset Management segments. The life insurance segment offers whole life, term assurance, guaranteed pensions, endowment pensions, mortgage endowment, savings, and protection products, as well as other long-term contracts. The General Business segment provides auto, household, commercial, and business interruption insurance; and general insurance to individuals and businesses. The Health Management segment offers prepaid health plans to cater for the health needs of individuals and corporate organizations. The Asset Management segments offers portfolio management services, structured investments, and mutual funds for corporate and individual clients. In addition, the company offers annuity, property, marine, fire, personal accident, home, and travel insurance, as well as marine, manufacturing, agricultural, and oil and gas insurance; and various risk plans. It markets its products through insurance brokers and agents. The company was founded in 1963 and is based in Lagos, Nigeria.
Investors usually follow AIICO for its dividend profile, valuation signal, sector position, and upcoming company events. The goal here is not just to show numbers, but to explain what they mean in plain English.
Whisone is bullish because fundamentals are solid at 84/100 while turnover is thin at 0.020%. Whisone has high conviction here. The final read is being balanced by the weighted scores for fundamentals, technicals, insider flow, sentiment, event flow, and liquidity.
Whisone v2 splits the read into weighted parts so the score is not just one hidden number.
Fundamentals
Growth, margins, cash flow, and valuation.
Sentiment
Market mood from flow, events, and attention.
Latest net profit
₦19.9B
TTM (2026-08-30)
ROE
21.5%
Return on equity
ROA
9.3%
Return on assets
P/B ratio
1.24
Useful for book value support.
Dividend yield
1.8%
Current income signal.
78/100
Direction
Cautious
Main supports
Business quality and balance-sheet strength are supporting the outlook.
Recent price and fundamentals refreshes improve signal reliability.
What can go wrong
Volatility is elevated, so the path can stay rough even if the thesis is right.
Fair value
₦3.68
Analyst view
n/a
Forecast refresh
Updated 12h ago
Quality score
83
Growth score
50
These are the external analyst numbers and business outlook figures already synced into the company record.
No external analyst outlook is available for this company yet.
₦0.03
2023-06-01
Payment: 2023-06-15 | Qualification: 2023-05-31 | Yield at declaration: N/A
₦0.02
2022-05-23
Payment: 2022-05-30 | Qualification: 2022-05-20 | Yield at declaration: N/A
A plain-English reading of momentum, trend, volatility, range position, and trading participation.
RSI
30.1
Momentum is currently in a neutral range.
Recent trend
Falling
-11.0% across the latest saved price window.
Volatility
Low
Beta is 0.04. Price has historically moved more calmly than the wider market.
52-week position
28% of range
Price is sitting around the middle of its 52-week range.
Volume confirmation
0.64x average
Trading activity is broadly within its normal range.
reputational_risk (defamation allegations)
AIICO may be hurt by reputational_risk (defamation allegations). Confidence 90%.
Article states repeated unsubstantiated claims could damage confidence of customers, employees, regulators, investors and other stakeholders; AIICO has filed a defamation suit and published warnings after terminating the agent.
Sector spillover signals
CBN FHC exposure draft
AIICO may also move because the FINANCIAL SERVICES sector may move with cbn fhc exposure draft. Confidence 67%.
The exposure draft targets financial holding companies and imposes sector-wide measures (ownership thresholds, ring-fencing, governance limits, higher capital buffers) intended to reshape banking group structures and intra-group activities.
CBN data localisation directive
AIICO may also move because the FINANCIAL SERVICES sector may move with cbn data localisation directive. Confidence 67%.
The directive targets banks, fintechs, mobile money operators and other payment service providers, creating sector-wide requirements for local data hosting, oversight and beneficial-ownership disclosures.
CBN proposed holdco framework
AIICO may also move because the FINANCIAL SERVICES sector may move with cbn proposed holdco framework. Confidence 67%.
The proposed CBN holdco framework would change how foreign subsidiaries of Nigerian banks are structured, impacting financial groups listed.
NIIRA 2025 minimum capital requirements
AIICO may also move because the FINANCIAL SERVICES sector may move with niira 2025 minimum capital requirements. Confidence 67%.
The industry-wide introduction of higher minimum capital requirements under NIIRA 2025 prompted recapitalisation exercises across insurers.
NIIRA_recapitalisation
AIICO may also move because the FINANCIAL SERVICES sector may move with niira_recapitalisation. Confidence 67%.
The NIIRA 2025 law raised minimum capital requirements and introduced an RBC framework, forcing insurance and reinsurance firms to recapitalise by July 31, 2026.
NTA CFC rules & 15% top-up tax
AIICO may also move because the FINANCIAL SERVICES sector may move with nta cfc rules & 15% top-up tax. Confidence 67%.
Article states banks and financial groups with regional operations are expected to be affected by the CFC regime and top-up tax.
Open Banking implementation
AIICO may also move because the FINANCIAL SERVICES sector may move with open banking implementation. Confidence 67%.
Article states Open Banking is expected to reshape how banks, fintechs and other financial service providers share data and deliver products, requiring regulatory and governance readiness.
PenCom recapitalisation rules
AIICO may also move because the FINANCIAL SERVICES sector may move with pencom recapitalisation rules. Confidence 67%.
PenCom's revised minimum capital requirements and June 2027 compliance deadline are prompting industry-wide mergers, recapitalisations or exits among pension fund administrators.
AIICO
AIICO Insurance Plc
Price: ₦3.65
P/E: 6.82
Yield: 1.8%
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Industry
Insurance Carriers
Founded
1963
Employees
510
Exchange
NGX
Ticker
AIICO
2026-07-31
Estimated earnings date
2026-07-29
2.96
