Tag Archives: AIICO

PTAD gives a Certificate of Non-Indebtedness to AIICO Insurance Plc

The Pension Transitional Arrangement Directorate (PTAD) has given a Certificate of Non-Indebtedness to AIICO Insurance Plc. With this development, the certificate clears the underwriter of any claim of non-remittance of pension assets. The confirmation was made at a meeting held to hand over redeemed properties ceded by the company in 2017 in lieu of legacy funds and assets of pensioners ...

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AIICO Insurance Plc records a gross premium of N62bn

AIICO Insurance Plc has recorded a gross premium of N62 billion for the financial period ended 31 December 2020. This represents a 24 per cent increase when compared with N50.13 billion recorded in 2019 for the same period under review. The company also improved its profit for the year by 17 per cent to N6.70 billion from N5.71 billion in ...

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AIICO Insurance raises N3.5 bn in equity from shareholders

AIICO Insurance Plc has received a total of N3.5 billion in new equity capital from the shareholders of the insurance company. AIICO recently completed the capital raiser for the N3.5 billion with the listing of more shares of 4.358 billion ordinary shares of 50 kobo that resulted from the new issue on the Nigerian Stock Exchange (NSE). With the new ...

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