Recapitalisation: AIICO secures fresh NAICOM license, reports N13.4bn Q2 profit
AIICO Insurance Plc secures a new NAICOM license after meeting recapitalisation requirements, reporting a N13.4bn Q2 profit. Learn about their financial st Read More: https://punchng.com/recapitalisation-aiico-secures-fresh-naicom-license-reports-n13-4bn-q2-profit/
AIICO Insurance Plc has secured a fresh NAICOM license, confirming its compliance with recapitalisation requirements introduced under the Nigerian Insurance Industry Reform Act 2025. The company reported a 14.5% growth in insurance revenue for Q2 2026, reaching N74.9bn, and an 18.9% increase in profit after tax to N13.4bn. The recapitalisation exercise aimed to strengthen solvency and expand domestic risk retention capacity within Nigeria's financial services landscape.
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