AIICO Insurance Plc (NGX:AIICO)

AIICO Insurance Balance Sheet

Financials in millions NGN. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Investments in Debt Securities	214,775	197,105	153,477	119,902	89,669	86,048
Investments in Equity & Preferred Securities	-	14,952	9,511	5,392	10,557	3,994
Other Investments	35,532	-	-	-	-	-
Total Investments	570,001	472,044	342,474	267,440	226,220	174,013
Cash & Equivalents	54,202	46,774	35,162	18,423	15,915	25,490
Reinsurance Recoverable	34,239	28,159	21,097	17,116	10,691	7,909
Other Receivables	22,049	6,767	4,097	3,134	4,718	2,110
Deferred Policy Acquisition Cost	-	-	-	-	-	739.22
Property, Plant & Equipment	21,615	20,184	9,349	8,444	8,420	7,175
Goodwill	-	800.86	800.86	800.86	800.86	800.86
Other Intangible Assets	3,708	2,961	1,058	709.74	127.81	133.89
Restricted Cash	2,500	500	500	500	500	500
Other Current Assets	-	1,370	1,836	1,510	757.48	3,509
Long-Term Deferred Tax Assets	77.29	106.29	106.29	122.47	21.5	1.25
Other Long-Term Assets	-0	-0	-0	-0	-	-0
Total Assets	708,390	579,667	416,481	318,199	268,171	222,381

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	2,665	-	-	-	-	62.51
Accrued Expenses	-	9,550	5,399	4,705	2,664	2,077
Insurance & Annuity Liabilities	413,919	352,363	265,334	219,692	190,035	97,289
Unpaid Claims	-	-	-	-	-	16,502
Unearned Premiums	-	2,820	8,470	2,355	3,056	7,753
Reinsurance Payable	1,686	1,672	271.88	930.62	1,302	1,878
Current Income Taxes Payable	2,244	2,068	814.44	828.95	669.54	407.28
Long-Term Deferred Tax Liabilities	2,647	628.38	628.38	9.67	7.67	7.67
Other Current Liabilities	165,288	109,968	63,143	33,908	28,014	34,649
Other Long-Term Liabilities	6,615	5,623	4,615	3,831	3,213	22,830
Total Liabilities	595,063	484,694	348,675	266,261	228,961	184,007

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	18,303	18,303	18,303	18,303	18,303	18,303
Additional Paid-In Capital	64.75	64.75	64.75	64.75	64.75	64.75
Retained Earnings	77,988	59,828	44,607	31,451	20,454	19,356
Comprehensive Income & Other	16,196	16,116	4,253	1,656	-32.61	305.27
Total Common Equity	112,551	94,311	67,228	51,475	38,789	38,029
Minority Interest	775.27	661.86	577.54	463.81	422.4	345.3
Shareholders' Equity	113,327	94,973	67,805	51,939	39,211	38,374
Total Liabilities & Equity	708,390	579,667	416,481	318,199	268,171	222,381

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Filing Date Shares Outstanding	38,359	36,605	36,605	36,605	36,605	36,605
Total Common Shares Outstanding	38,359	36,605	36,605	36,605	36,605	36,605
Net Cash (Debt)	54,202	46,774	35,162	18,423	15,915	25,490
Net Cash Growth	90.98%	33.03%	90.85%	15.76%	-37.56%	-20.13%
Net Cash Per Share	1.48	1.28	0.96	0.50	0.43	0.70
Book Value Per Share	2.93	2.58	1.84	1.41	1.06	1.04
Tangible Book Value	108,844	90,549	65,369	49,964	37,860	37,094
Tangible Book Value Per Share	2.84	2.47	1.79	1.36	1.03	1.01
Land	-	5,272	2,065	2,065	2,065	1,715
Buildings	-	11,298	4,588	4,588	4,566	4,095
Machinery	-	7,942	7,154	6,147	5,696	4,261
Construction In Progress	-	1,185	504.99	85.7	9.86	22.42

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 4, 2026

Data Sources Report a data error