AIICO Insurance hopes to surpass Q1 2020 profit by 498% in Q4

WorldStage Newsonline– AIICO Insurance Plc, a major player in Nigeria’s insurance sector has released its earnings forecast for the fourth quarter ended 31st December, 2020 with a projection of N11.238 billion profit after tax which is 498% improvement over N1.88 billion announced for Q1 2020.

The company also projected a gross premium income N62.227 billion as against gross written premiums of N17.6 billion for first quarter of 2020.

The company projected an increase in cash/bank balance at the end of the period at N12.355 billion from N8.166 billion at the beginning of the period.

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