AIICO Insurance Overview
- Year Founded
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1963
- Status
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Public
- Employees
-
494
- Stock Symbol
-
AIIC
- Investments
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4
AIICO Insurance General Information
Description
AIICO Insurance PLC provides life and health insurance, general insurance, investment management, and pension management services as a means to create and protect wealth for individuals, families, and corporate customers in Nigeria. The company's key business areas include Life Insurance Business, Non-Life Insurance Business, Health, and Wealth Management, Deposit Administration, and Financial Services to organizations and private individuals. The group has four reportable segments: Life business, which generates maximum revenue, General business, Health management services, and Asset management. The life insurance segment offers savings, protection products and other long-term contracts. It comprises of whole life, term assurance, guaranteed pensions, pure endowment pensions and Others.
Contact Information
Website
www.aiicoplc.comCorporate Office
- AIICO Plaza, Plot PC 12
- Churchgate Street, Victoria Island
- Lagos
- Nigeria
Corporate Office
- AIICO Plaza, Plot PC 12
- Churchgate Street, Victoria Island
- Lagos
- Nigeria
AIICO Insurance Stock Performance
As of 12-Nov-2026, AIICO Insurance’s current market cap is $97.1M with 36.6B shares.
(As of Thursday Closing)
| Stock Price | Previous Close | 52 wk Range | Market Cap | Shares | Average Volume | EPS |
|---|---|---|---|---|---|---|
| $97.1M | 36.6B | 8.54M |
AIICO Insurance Financials Summary
As of 31-Mar-2026, AIICO Insurance has a trailing 12-month revenue of $122M.
|
In Thousands, USD |
TTM 31-Mar-2026 | FY 2025 31-Dec-2025 | FY 2024 31-Dec-2024 | FY 2023 31-Dec-2023 |
|---|---|---|---|---|
| EV | 125,081 | 124,035 | 38,577 | 35,239 |
| Revenue | 121,715 | 93,558 | 59,676 | 50,781 |
| EBITDA | 16,817 | 25,623 | 15,603 | 27,973 |
| Net Income | 15,507 | 14,831 | 10,217 | 18,949 |
| Total Assets | 469,708 | 402,632 | 268,552 | 353,163 |
| Total Debt | 76,343 | 67,186 | 34,200 | 33,565 |
AIICO Insurance Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
AIICO Insurance Comparisons
Industry
Financing
Details
AIICO Insurance Competitors (2)
One of AIICO Insurance’s 2 competitors is Northwestern Mutual, a Private Debt Financed company based in Milwaukee, WI.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Northwestern Mutual | Private Debt Financed | Milwaukee, WI | ||||
| Custodian & Allied Insurance | Corporation | Lagos, Nigeria |
AIICO Insurance Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
AIICO Insurance Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
AIICO Insurance Investments & Acquisitions (4)
AIICO Insurance’s most recent deal was a Corporate with Infrastructure Credit Guarantee Company. The deal was made on 22-Dec-2023.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Infrastructure Credit Guarantee Company | 22-Dec-2023 | Corporate | Specialized Finance | ||
| Tangerine Life Insurance (Annuity Business Portfolio) | 29-Apr-2022 | Merger/Acquisition | Other Insurance | ||
| Lamda Insurance Company | 09-Feb-2007 | Merger/Acquisition | Other Insurance | ||
| Nigerian French Insurance | 01-Feb-2007 | Merger/Acquisition | Insurance Brokers |
AIICO Insurance ESG
Peers Analysis
Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.
Global
Covered Companies
Rank
Percentile
Insurance
Industry
Rank
Percentile
Life and Health Insurance
Subindustry
Rank
Percentile
AIICO Insurance FAQs
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When was AIICO Insurance founded?
AIICO Insurance was founded in 1963.
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Where is AIICO Insurance headquartered?
AIICO Insurance is headquartered in Lagos, Nigeria.
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What is the size of AIICO Insurance?
AIICO Insurance has 494 total employees.
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What industry is AIICO Insurance in?
AIICO Insurance’s primary industry is Multi-line Insurance.
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Is AIICO Insurance a private or public company?
AIICO Insurance is a Public company.
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What is AIICO Insurance’s stock symbol?
The ticker symbol for AIICO Insurance is AIIC.
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What is the current market cap of AIICO Insurance?
The current market capitalization of AIICO Insurance is $97.1M.
-
What is AIICO Insurance’s current revenue?
The trailing twelve month revenue for AIICO Insurance is $122M.
-
Who are AIICO Insurance’s competitors?
Northwestern Mutual and Custodian & Allied Insurance are competitors of AIICO Insurance.
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