The Full Year financial report of AIICO Insurance Plc and Subsidiary Companies for the period ended December 31st 2018 reveals that the group advanced by 17.35% in Gross Earnings closing at N37.665 billion from the previous close of N32.097 billion in 2017.
The Profit after Tax (PAT), grew by 145.57% to arrive at N3.151 billion above N1.283 billion recorded in FY’17.
AIICO Insurance, one of the largest Life Insurer in Nigeria and a major underwriter for General Insurance business grew it shareholders’ Earning Per Share (EPS) by 145.57%, closing at 45 kobo away from 19 kobo reported in 2017.
At a reference price of N0.74, the Insurance /Financial services provider’s PE Ratio stood at 1.63x with earnings yield of 61.45%.
The management of the company has not released any information on dividend as at the time of computation of this result