AIICO Records 24 Percent growth in PBT, Declares 6kobo dividend

LAGOS, NIGERIA –  APRIL 30, 2012 – AIICO Insurance Plc, one of the foremost Insurance Companies and the largest 

risk management services provider in Nigeria said on Monday (April 30, 2012) that it has recorded a 24% percent

 growth in its gross premium income (GPI) and profit before tax (PBT) for the financial year ended December 2011.

The Group Managing Director – Mr. David Sobanjo in a released statement put the Gross Premium Income recorded

 for the year ended 2011 at N18.44billion indicating an increase of N3.49billion on the performance for the year ended

 Dec. 2010. In the same vein, the GMD stated that Net Premium Earned rose by 19% to N15.62bn whilst retained 

profit grew by 30%.

Commenting on the overall performance of the company, the Group Managing Director Mr. David Sobanjo, said 

“AIICO Insurance Plc is well positioned for continued profitable growth. We are quite pleased with our overall 

performance in 2011 despite the prevalent economic challenges – “clearly our unflinching efforts at improving 

our overall operation and service delivery have remained the reason our consumers and clients consistently 

rely on us”.

Also, speaking on the company’s outlook, he added that the company is looking forward to another good year

 and enthusiastic about the growth opportunities that lie ahead. “We are confident we will exceed our 2011 

performance figures this year.

Following the impressive results, a dividend of 6 kobo per share representing a 300% increase over what was 

paid in 2010 has been recommended whilst the AGM is  scheduled to hold in June 2012. 

AIICO Records 24 Percent growth in PBT, Declares 6kobo dividend

LAGOS, NIGERIA –  APRIL 30, 2012 – AIICO Insurance Plc, one of the foremost Insurance Companies and the largest risk 

management services provider in Nigeria said on Monday (April 30, 2012) that it has recorded a 24% percent growth in 

its gross premium income (GPI) and profit before tax (PBT) for the financial year ended December 2011.

The Group Managing Director – Mr. David Sobanjo in a released statement put the Gross Premium Income recorded

 for the year ended 2011 at N18.44billion indicating an increase of N3.49billion on the performance for the year ended

 Dec. 2010. In the same vein, the GMD stated that Net Premium Earned rose by 19% to N15.62bn whilst retained

 profit grew by 30%.

Commenting on the overall performance of the company, the Group Managing Director Mr. David Sobanjo, said 

“AIICO Insurance Plc is well positioned for continued profitable growth. We are quite pleased with our overall 

performance in 2011 despite the prevalent economic challenges – “clearly our unflinching efforts at improving our

 overall operation and service delivery have remained the reason our consumers and clients consistently rely on us”.

Also, speaking on the company’s outlook, he added that the company is looking forward to another good year and 

enthusiastic about the growth opportunities that lie ahead. “We are confident we will exceed our 2011 performance 

figures this year.

Following the impressive results, a dividend of 6 kobo per share representing a 300% increase over what was paid in 

2010 has been recommended whilst the AGM is  scheduled to hold in June 2012. 

AIICO Insurance launch website

AIICO Insurance launch website to web 2.0