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2021 Q3: AIICO Forecasts GWP Growth Of N53.8bn

by Bisi Bamishe
June 14, 2021
in Uncategorized
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AIICO Insurance Plc has announced that its gross written premium (GWP) for the third quarter of 2021 is expected to grow to N53.82 billion.

The notice released at the weekend also revealed that non-Life business represents 28% of the stated GWP while the ordinary life, goup Life and Annuity businesses represent 60%, 10% and 2% respectively.

The company added that ivestment income will be driven largely by both their bond investments and investment in other short term financial assets.

The insurer’s profit after tax is projected to stand at N3.052 billion for the Q3 ending September, 2021.

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Bisi Bamishe

Bisi Bamishe

I am a journalist with many years of experience in the field of Insurance and Pension. In 2003, I won Nigeria Media Merit Award of the IGI's Prize For Insurance Reporter of The Year

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