Aiico Insurance PLC - Company Profile

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AIICO Insurance Plc (AIICO Insurance) is an insurance company. It offers a range of life insurance, non-life insurance, health management, pensions, and asset management to individuals and corporate customers. Its offering includes term assurance plans, whole life insurance, guaranteed pension plans, motor insurance, burglary and housebreaking insurance, health insurance, fire and special perils insurance, personal accident insurance, and professional indemnity insurance. The company also offers insurance products for business interruption, marine, travel, personal liability, aviation, home, bonds, and public liability. Furthermore, it offers annuity plans, education plans, and savings and investment plans. It operates through a network of branch offices in Nigeria. AIICO Insurance is headquartered in Victoria Island, Lagos, Nigeria.

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Headquarters Nigeria

Address Aiico Plaza, Plot Pc 12,Churchgate Street, Victoria Island, Lagos, 2577


Telephone 234 72 442668228

No of Employees 495

Industry Financial Services

Ticker Symbol & Exchange AIICO (NIG)

Revenue (2024) $66.6M 38.1% (2024 vs 2023)

EPS XYZ

Net Income (2024) XYZ 25.2% (2024 vs 2023)

Market Cap* $109.4M

Net Profit Margin (2024) XYZ -9.4% (2024 vs 2023)

* As of and is in US$
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Aiico Insurance PLC premium industry data and analytics

50+

Insurance Market Data Insights

Insight into market share and brand performance.

1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Aiico Insurance PLC’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products Services
Life Insurance Products Claims Services
Term Assurance Plan Pension Administration Services
Whole Life Insurance Asset Management Services
XYZ
XYZ
XYZ
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Competitor Comparison

Key Parameters Aiico Insurance PLC Custodian Investment PLC AXA Mansard Insurance plc Coronation Insurance Plc SUNU Assurances Nigeria Plc
Headquarters Nigeria Nigeria Nigeria Nigeria Nigeria
City Victoria Island Lagos Victoria Island Lagos Victoria Island
State/Province Lagos - Lagos Lagos Lagos
No. of Employees 495 716 366 87 199
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
Babatunde Fajemirokun Managing Director; Chief Executive Officer Executive Board - -
Bisola Elias Chief Financial Officer Senior Management - -
Abiodun Adebanjo Chief Risk Officer Senior Management - -
Olusanjo Shodimu Chief Digital and Innovation Officer Senior Management - -
Kundan Sainani Chairman Non Executive Board 2019 -
Non Dignissim Eros Proin vel Convallis 2026 XY
Non Dignissim Eros Proin vel Convallis 2026 XY
Non Dignissim Eros Proin vel Convallis 2026 XY
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