AIICO Insurance’s 9M pre-tax profit rises 27.3% to N19.42 billion on investment gains
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Nairametrics
Reported by Idika Aja
Sun, 1 Nov 2026, 08:48
Photo courtesy of Nairametrics · Verified via News Stand NG
Source Attribution: Nairametrics
News Stand NG operates under ethical news aggregation guidelines. Source: Nairametrics. To read the unabridged investigative reporting and full gallery, visit the original publication.
For the nine-month period, insurance revenue increased by 14.7% to N114.57 billion from N99.85 billion, while gross written premium rose by 6.6% to N163.58 billion from N153.40 billion. Insurance service expenses: N81.17 billion (Up 22.3% YoY from N66.39 billion).
Context & Background
✦Insurance service result: N9.45 billion (Up 10.4% YoY from N8.56 billion).
Key Figures & Named Entities
2026:AIICO Insurance Plc reported a 27.3% increase in consolidated pre-tax profit to N19.42 billion for the nine months ended September 30, 2026, from N15.25 billion in the corresponding period of 2025, supported by higher insurance revenue and stronger investment income.14.7%:For the nine-month period, insurance revenue increased by 14.7% to N114.57 billion from N99.85 billion, while gross written premium rose by 6.6% to N163.58 billion from N153.40 billion.25.6%:Also, according to the company’s unaudited consolidated financial statements, profit after tax increased by 25.6% to N17.28 billion from N13.75 billion.
Outlook & Next Steps
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Key Takeaways
Verified Extract
✦For the nine-month period, insurance revenue increased by 14.7% to N114.57 billion from N99.85 billion, while gross written premium rose by 6.6% to N163.58 billion from N153.40 billion.
✦Insurance service expenses: N81.17 billion (Up 22.3% YoY from N66.39 billion).
✦Insurance service result: N9.45 billion (Up 10.4% YoY from N8.56 billion).
Key Facts:2026: AIICO Insurance Plc reported a 27.3% increase in consolidated pre-tax profit to N19.42 billion for the nine months ended September 30, 2026, from N15.25 billion in the corresponding period of 2025, supported by higher insurance revenue and stronger investment income.14.7%: For the nine-month period, insurance revenue increased by 14.7% to N114.57 billion from N99.85 billion, while gross written premium rose by 6.6% to N163.58 billion from N153.40 billion.25.6%: Also, according to the company’s unaudited consolidated financial statements, profit after tax increased by 25.6% to N17.28 billion from N13.75 billion.271%: MTN Nigeria’s 9-month cash income tax payments jump 1,271% to N295.4 billionAirtel Africa’s mobile money trust balances hit $1.49 billionBeta Glass’ 9M pre-tax profit falls 6.4% to N37.64 billion as finance costs surge 45%Key Highlights Gross written premium: N163.58 billion (Up 6.6% YoY from N153.40 billion).
Editorial Excerpt
AIICO Insurance Plc reported a 27.3% increase in consolidated pre-tax profit to N19.42 billion for the nine months ended September 30, 2026, from N15.25 billion in the corresponding period of 2025, supported by higher insurance revenue and stronger investment income.
Frequently Asked Questions About This Story
What is the latest development regarding MTN Nigeria?
For the nine-month period, insurance revenue increased by 14.7% to N114.57 billion from N99.85 billion, while gross written premium rose by 6.6% to N163.58 billion from N153.40 billion.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include MTN Nigeria.
What timeline or key figures were confirmed?
AIICO Insurance Plc reported a 27.3% increase in consolidated pre-tax profit to N19.42 billion for the nine months ended September 30, 2026, from N15.25 billion in the corresponding period of 2025, supported by higher insurance revenue and stronger investment income.
