AIICO secures NAICOM license, reports N13.4bn Q2 profit
AIICO Insurance Plc has secured a new operational license from NAICOM following the successful completion of a sector-wide recapitalization exercise in Nigeria. The company reported strong financial growth for Q2 2026, with a 18.9% increase in profit after tax and a significant rise in total assets.
Why it matters
This development highlights the stability and regulatory compliance of major players in the Nigerian insurance sector following significant industry reforms.
L-R: The Managing Director/Chief Executive Officer of AIICO Insurance Plc, Babatunde Fajemirokun, and the Commissioner for Insurance/CEO of the National Insurance Commission (NAICOM), Olusegun Omosehin. | Credit: AIICO
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