{
  "id": 17566750,
  "title": "AIICO Insurance’s 9M pre-tax profit rises 27.3% to N19.42 billion on investment gains",
  "url": "https://urgent.news/2026/11/01/aiico-insurances-9m-pre-tax-profit-rises-27-3-to-n19-42-billion-on",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-01T08:48:44.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/11/01/aiico-insurances-9m-pre-tax-profit-rises-27-3-to-n19-42-billion-on-investment-gains/"
  },
  "original_language": "en",
  "account": "AIICO Insurance Plc observed a notable 27.3% surge in its consolidated pre-tax profit to N19.42 billion over the nine months concluding September 30, 2026, compared to N15.25 billion during the same span in 2025. This growth was primarily driven by augmented insurance revenue and enhanced investment income. Insurance revenue saw a 14.7% rise to N114.57 billion from N99.85 billion, while gross written premium expanded by 6.6% to N163.58 billion from N153.40 billion. The company’s unaudited financial statements revealed a 25.6% increase in profit after tax, reaching N17.28 billion from N13.75 billion.\n\nDespite the overall profitability improvement, insurance service expenses climbed by 22.3% to N81.17 billion from N66.39 billion, somewhat offsetting the gains. The insurance service result, amounting to N9.45 billion, mirrored a 10.4% year-over-year increase, while earnings per share rose to 47 kobo from 37 kobo. Total assets grew by 21.3% to N708.39 billion, predominantly fueled by a substantial increase in financial assets to N570.00 billion. However, cash and cash equivalents declined by 27.1% to N54.20 billion. Total equity expanded by 14.9% to N113.33 billion.",
  "summary": "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. The post AIICO Insurance’s 9M pre-tax profit rises 27.3% to N19.42 billion on investment gains appeared first on Nairametrics .",
  "key_points": [
    "AIICO Insurance's pre-tax profit rises 27.3% to N19.42 billion",
    "Insurance revenue increases 14.7% to N114.57 billion",
    "Total assets grow 21.3% to N708.39 billion"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}