African Alliance Insurance PLC

AFRINSU.LG – Nigerian Stock Exchange

Business Description

Nigeria Multiline Insurance & Brokers

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. The Company’s segments include Life business and Air freight business. The Life business segment offers a variety of insurance products for both personal and corporate customers. The products offer range from provision of group life policies, traditional life policies with a segment of investment linked and annuity policies. The Air Freight segment is a private company, which provides cargo air transportation through relevant leasing arrangement. Its products and services include investment plus mortgage protection, smart kid plan, and money appreciation. Its subsidiaries include Ghana Life Insurance and Axiom Air Limited.

Price History

Recent Reports

  • Dec. 31, 2022 African Alliance Insurance PLC Full Year
  • Sept. 30, 2022 African Alliance Insurance PLC Interim Q3
  • June 30, 2022 African Alliance Insurance PLC Interim H1

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Financial Summary

(NGN) 31/12/2021
Total Revenue 3 277 211
EBITDA 1 687 477
EBIT 1 453 264
Net Income 2 368 508

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