Valuation
71
AIICO · AIICO Insurance Plc
Accumulate Neutral Quality 4/5Distress proxy: 20.20 (Safe)
Compare with another stock →
Composite score
65.9
Tier: Accumulate
Last close
₦4
As of latest snapshot
30-day ADV
₦148.6M
Liquidity signal
Market cap
₦149.72B
Financial Services
Financials
60
Technical
65
AI bottom line
AIICO trades at a modest 8.1x P/E against sector median 7.8x while delivering above-median 17.5% ROE, signaling fair value for a quality operator in the insurance space. Monitor liquidity carefully given modest ₦148.6M daily volume, as thin trading could amplify volatility around board meeting developments.
Stock Snowflake 5-axis radar
Blue = AIICO. Gold dash = Financial Services median. Bigger area = better across the five research dimensions.
What the model is seeing
- Trades at P/E 8.1x — in line with Financial Services median of 7.8x.
- Free cash flow yield of 51.2% — strong cash generation relative to market cap.
- ROE of 17.5% — above Financial Services median of 17.3%.
Risk flags
No major risk flags
Price & trend
Close price with 50-day and 200-day moving averages, last 12 months.
Composite score history
How the model has rated this stock over the available history. Tier changes happen at 75 / 60 / 40.
Key metrics
Valuation
P/E ratio8.1x
P/B ratio1.4x
P/S ratio0.8x
EV/EBITDA1.5x
FCF yield51.2%
Financials
ROE17.5%
ROA2.8%
Net margin10.0%
FCF margin41.1%
Debt / Equity0.0x
Technical
Last close₦4
Above 50d MA-7.8%
Above 200d MA1.0%
ADX (trend)41.0
RSI37.9
Dividend history 7 fiscal years shown
All amounts are gross of Nigeria's 10% withholding tax on dividends. Bonus ratios are 'new shares for shares held'.
Current yield: 2.99% 5 consecutive years of payment
| FY | Interim DPS | Final DPS | Total cash | Bonus | Qualification | Payment |
|---|---|---|---|---|---|---|
| 2025 | — | ₦0.12 | ₦0.12 | — | 27 May 2026 | 05 Jun 2026 |
| 2024 | — | ₦0.07 | ₦0.07 | — | — | 27 May 2025 |
| 2023 | ₦0.05 | — | ₦0.05 | — | — | 26 Jul 2024 |
| 2022 | — | ₦0.03 | ₦0.03 | — | — | 15 Jun 2023 |
| 2021 | — | ₦0.02 | ₦0.02 | — | — | 30 May 2022 |
| 2020 | — | — | — | 12 for 9 | — | — |
| 2019 | — | — | — | 1 for 5 | — | — |
Peers in Financial Services
Closest names by composite score within the same sector. Click a symbol to open its detail page.
| Symbol | Composite | P/E | P/B | ROE | Tier |
|---|---|---|---|---|---|
| CORNERST | 65.1 | 8.9x | 1.4x | 15.8% | Accumulate |
| MBENEFIT | 65.1 | 3.3x | 1.0x | 24.6% | Accumulate |
| FCMB | 66.9 | 2.3x | 0.6x | 19.4% | Accumulate |
| GTCO | 68.1 | 5.2x | 1.3x | 22.4% | Accumulate |
| CONHALLPLC | 63.6 | 7.5x | 1.5x | 20.0% | Accumulate |
| LINKASSURE | 63.3 | 3.2x | 0.5x | 16.4% | Accumulate |
Recent news mentioning AIICO
NGX corporate disclosures AIICO · last 1
Plain-English summaries of every NGX filing for AIICO, generated from the underlying PDFs by Claude Haiku. Click "Read the filing" to open the official document.
Earnings Forecast
filed 10 Jun 2026
AIICO Insurance filed a 9M 2026 earnings forecast showing gross written premium of ₦168.7 billion and net profit after tax of ₦14.4 billion. Insurance service margins are projected to improve to 10.9% from 8.6% in 2025, with service results expected up 55.9% year-on-year, indicating improved operational resilience.