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CELEBRATING 60 YEARS OF IMPACT

MD's Note

Market-shaping technology and stakeholder value creation as a must is also now a norm. And the velocity of these changes demands players across the industry to anticipate and respond just as fast. However, adapting to it requires new ideas and doing things new.

More importantly, is harnessing the requirements for growth opportunities that lie in both insight and know-how. We are uniquely positioned to take advantage of market insights and leverage our industry know-how of over fifty years in the Nigerian market to the benefit of our stakeholders. Our broad and growing customer base matched with well-designed products is served by a youthful team of AIICO people who average 35 years of age.

Our great products for individuals and corporates not only meet customer expectation but are helping them live life with confidence even in uncertainty."


Babatunde Fajemirokun

MANAGING DIRECTOR/ CHIEF EXECUTIVE OFFICER

Our Journey Through the Years

A video showing AIICO's evolution over the last 60 years, the video encompasses the different awards, achievements, product launch. AGMS, and other achievements

Setup as agency office of AIG in Nigeria

Converted to PLC

  • 50 years anniversary.
  • Business restructured.
  • New Management.
  • Commenced yearly credit rating.
  • Business model restructuring.
  • AIICONTACT & customer engagement center
  • Profitability on all businesses
  • Renovation of offices to improve brand quality

Incorporated and licenced to offer life insurance and pension

  • Listed on NSE
  • FG divested 60% holding.
  • $20m IFC Agreement.
  • Enhanced Risk Management and Corporate Governance.

    AIICO Insurance wins 4 pearl Awards namely:

  • Sectoral leadership award in financial services – insurance sector.
  • Market excellence award for highest earnings yield
  • Market excellence award for highest return on equity
  • Market excellence award for highest dividend cover
  • Sold 60% to Federal Government
  • Name changed to AIICO.
  • Acquired NFI & Lamda
  • $ 35 private placement .
  • NSE President Merit Award.
  • Business restructuring.
  • Branding and infrastructure upgrade

55 years anniversary