AIICO Insurance posts N88.3bn gross written premium

AIICO Insurance Plc was able to pull N88.3 billion Gross Written Premium (GWP) from the risk businesses it underwrote in its full year ended December 31, 2022.

The underwriting firm’s unaudited results for the fiscal year ended December 31, 2022 released on the Nigerian Exchange (NGX) Limited showed that gross written premium grew from N71.6 billion it was in 2021, due to a year-on-year increase of 39.1 per cent in general insurance to N26.5 billion from N19 billion in 2021.