Nigerian Stock Exchange
African Alliance Insurance PLC · AFRINSU.LG
African Alliance Insurance Plc is a life insurance company. The Company is principally engaged in the business of providing risk underwriting for life, related financial and pension services, aviation, and hospitality services to its customers. Its services include provision of life insurance services to both corporate and individual customers. Its durable business profile is anchored in mortgage lending, savings products, deposit mobilization, real estate finance and customer relationships with individuals, developers and corporate clients. Demand is linked to housing affordability, property development, interest rates, collateral quality and access to long-term funding. Investors should monitor loan quality, funding structure, regulatory capital, liquidity and the pace of Nigeria’s formal housing finance market. The company should be reviewed through its audited financial statements, corporate disclosures, operating segment notes and market announcements, because these materials provide the most reliable view of revenue quality, cost structure, capital allocation and any changes in business scope.
Fundamentals
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Sign in| Metric (NGN, B) | 2022 2022 | 2021 2021 | 2020 2020 | 2019 2019 | 2018 2018 |
|---|---|---|---|---|---|
| Revenue Total Revenue | 8 | ||||
| EBITDA | -6 | ||||
| EBIT | -6 | ||||
| Net income Net Income | -3 | ||||
| Operating margin | -71% | ||||
| Net margin | -34% |