AIICO Insurance Plc has recorded Gross Premium Income of N12.9 billion for the first half year ended June 30, 2014, representing a growth of 10.3 percent from N11.7 billion recorded in the corresponding period of 2013.
In a statement, the Managing Director and Chief Executive Officer, Edwin Igbiti, said that during the same period under review, the group's profit before tax, however, decreased by 6.5 percent from N1.7 billion to N1.59 billion.
He added that the total assets of the group grew by 20.6 per cent from N42 billion to N51.9 billion during the same period under consideration.
"Based on its unaudited results, the investment income of AIICO Insurance group also rose by 240 percent from N600 million during the first six months of 2013 to N2.04.billion during the first half of the current year.
Source: The Guardian
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