AIICO Insurance Plc solvency ratio has remained resilient in the face of macro uncertainties as the insurer has got enough cash to meet its obligations to policyholders.
A well-capitalized balance sheet makes it much easier for the insurer to underwrite big ticket transactions needed to strengthen earnings.
AIICO Insurance solvency margin ratio stood at 346 percent in the first nine months of 2026, which is higher than 2025’s 309 percent, according to data gathered by MoneyCentral.
Excess of admissible assets over admissible liabilities stood at N86.59 billion as at December 2026, further validating a healthy balance sheet and solid liquidity position.
A strong solvency margin ratio indicates an insurer has the financial strength to meet its obligations to policyholders or other liabilities without undermining its capital position.
It is important to note that consistent earnings growth contributed to a stable solvency position that gives the insurer the leeway to settle claims and other obligations.
Profit after tax (PAT) increased by 26.19 percent to N17.27 billion in September 2026 from N13.75 billion as at September 2025.
Profit before tax (PBT) rose by 27.15 percent to N19.41 billion in the period under review from N15.25 billion as at September 2025.
Insurance service revenue was up 14.97 percent to N114.56 billion in September 2026 from N99.84 billion as at September 2025.
Gross premium written (GPW) grew by 7.08 percent to N163.57 billion in the period under review from N153.40 billion as at September 2025.
 Follow the MoneyCentral Nigeria channel on WhatsApp: Click here!
