AIICO Insurance Hits 52-Week High, Share Price Rises by 60%
AIICO Insurance Plc has reached a new 52-week high in the equity market, supported by an all-week rally that lifted its market value by about 60%. The strong uptick was fuelled by investors’ positive sentiment about anticipated recapitalisation following a slide in its earnings performance.
According to data obtained from the Nigerian Exchange (NGX), AIICO Insurance share price surged to N3.50 on Friday when 178.524 million units valued at N618.066 million were traded in the local bourse.
Investors increased bets on local insurance company following the signing of new insurance law that seeks to recapitalise the industry. Trading details revealed AIICO Instance opened the week at N2.19 and closed at N3.50 – its highest value in the stock market in 12 months.
The market valued the insurance company’s 36.605 billion shares outstanding at N128.118 billion after its first half earnings released.
AIICO Insurance net profit fell by 2% year on year to N11.269 billion in the first half of 2025 earnings released from N12.945 billion in the comparable period in 2024.
This happened despite 34% year on year growth in gross written premium which settled at N102.681 billion in H1-2025 from N87.423 billion in the equivalent period in 2024. #AIICO Insurance Hits 52-Week High, Share Price Rises by 60%#
