AIICO Insurance Plc released to the Nigerian stock Exchange, the (NSE) its unaudited Full year financial report for the period ended 31st December 2020 on 29th January, 2021.
The Insurance Company garnered a total gross premium of N62.010 billion in 2020, up by 23.68% when compared with N50.138 billion reported in 2019.
The Profit after tax of the company grew to N6.707 billion, which is an upsurge of 17.29% from the Profit after tax of N5.719 billion reported in 2019 financial year.
Earnings per share of the insurance company for the period under review stands at N0.32, improved by 17.29% when compared with the previous earnings of N0.28 in 2019.
With reference to the share price of N1.40, the P.E ratio of AIICO Insurance stands at 4.32x with earnings yield of 23.17%.