AIICO Insurance’s Strong Growth in Q2 2025: A Financial Snapshot

AIICO Insurance Plc demonstrated robust growth in its unaudited financial results for the second quarter ending June 30, 2025, signaling a promising trajectory in the insurance sector. The company reported a significant 17% increase in gross written premium, reaching ₦102.68 billion compared to the previous year. This uptick highlights effective underwriting and expanding customer base. Insurance revenue surged 34% to ₦65.43 billion, reflecting improved business volumes and favorable market conditions.

The insurance service result from contracts saw an impressive 150% rise, climbing to ₦24.99 billion, underscoring enhanced profitability from core operations. However, rising insurance service expenses and increased reinsurance costs tempered some gains, indicating a more dynamic risk environment. Total assets stood strong at ₦456.25 billion, with liabilities amounting to ₦379.22 billion, maintaining a solid financial foundation.

Authorized by the Board in late July 2025, these results position AIICO Insurance as a growing force in Nigeria’s insurance market. While expenses grew, the company’s substantial revenue gains and expanded assets highlight resilience and strategic growth. Investors and stakeholders can view this report as a positive indicator of AIICO’s operational strength and market potential in the months ahead.