AIICO Insurance Disburses N4.39bn Dividends To Shareholders

Shareholders of AIICO Insurance Plc are expected to receive a dividend payout of N4.39 billion for the year ended December 30, 2025, as the company continues to demonstrate its commitment to delivering value to its investors.

The Company end year dividend of N4.39 billion represents 12 kobo per share, which is subject to appropriate withholding tax and approval will be paid to shareholders whose names appear in the register of members as at the close of business on May 27, 2026.

Meanwhile, the Group revenues increased 27.0 per cent year-on-year to N137.7 billion as against N108.4 billion in 2024. Premiums written grew 20.3 per cent year-on-year to N191.8 billion from N159.4 billion.

Insurance service results improved to N9.5 billion in full year 2025 from a loss of N3 billion in full year 2024, reflecting improved underwriting margins in both retail and commercial product lines.

Profits before taxes improved, while normalized profits excluding one-off items such as FX gains rose by 63.6 per cent to N20.4 billion in full year 2025 compared to N12.5 billion. Normalized profit after tax also increased by 54.0 per cent to N18.3 billion higher than N11.9 billion achieved in 2024. Profits in 2024 were supported by a net FX gain of about N10.9 billion, compared to a loss of N2.7 billion in 2025.

Speaking on the results, the managing director and chief executive officer of AIICO Insurance, Mr. Babatunde Fajemirokun said, “our performance for the year reflects the steady execution of our strategy and the increasing strength of our core insurance businesses. Insurance revenue grew 27.0 per cent to N137.7 billion, while normalized profits excluding FX effects rose 54.0 per cent year-on-year to N18.3 billion from N11.9 billion in full year 2024.

“This improvement was driven by stronger insurance results, with service margins recovering to 6.9 per cent from a negative of 2.8 per cent in the prior year, underscoring the quality and sustainability of our earnings.”

Fajemirokun noted that “as we look ahead, we remain focused on deepening customer engagement, enhancing operational efficiency, and continuing investments that position the business for consistent, long-term value creation for our shareholders.”