AIICO Insurance Ratios and Metrics

Market cap in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Mar '26 Mar 6, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2016
Market Capitalization	151,546	138,734	52,346	29,284	21,597	25,624	Upgrade
Market Cap Growth	140.70%	165.03%	78.75%	35.59%	-15.71%	9.69%	Upgrade
Enterprise Value	105,434	111,160	12,267	9,852	-5,867	6,695	Upgrade
PE Ratio	8.57	7.85	3.45	2.41	4.37	5.28	Upgrade
PS Ratio	0.89	0.81	0.42	0.31	0.26	0.60	Upgrade
PB Ratio	1.60	1.46	0.77	0.56	0.55	0.67	Upgrade
P/FCF Ratio	2.34	2.14	1.20	2.44	-	-	Upgrade
P/OCF Ratio	2.22	2.03	1.15	2.18	-	-	Upgrade
EV/Sales Ratio	0.62	0.65	0.10	0.11	-	0.16	Upgrade
EV/EBITDA Ratio	1.58	1.67	0.32	0.31	-	1.80	Upgrade
EV/EBIT Ratio	1.61	1.69	0.33	0.32	-	2.16	Upgrade
EV/FCF Ratio	1.63	1.72	0.28	0.82	-	-	Upgrade
Net Debt / Equity Ratio	-0.49	-0.49	-0.52	-0.35	-0.41	-0.66	Upgrade
Net Debt / EBITDA Ratio	-0.70	-0.70	-0.92	-0.58	-0.60	-6.86	Upgrade
Net Debt / FCF Ratio	-0.72	-0.72	-0.80	-1.54	3.46	2.05	Upgrade
Quick Ratio	2.38	2.38	2.67	1.45	3.88	1.73	Upgrade
Current Ratio	2.61	2.61	2.96	1.62	4.19	1.92	Upgrade
Asset Turnover	0.34	0.34	0.34	0.32	0.33	0.18	Upgrade
Return on Equity (ROE)	21.95%	21.95%	25.37%	26.63%	5.91%	6.98%	Upgrade
Return on Assets (ROA)	8.24%	8.24%	6.34%	6.56%	6.58%	0.83%	Upgrade
Return on Invested Capital (ROIC)	67.24%	72.46%	59.39%	65.42%	56.56%	7.72%	Upgrade
Earnings Yield	11.67%	12.81%	29.03%	41.26%	23.40%	18.94%	Upgrade
FCF Yield	42.74%	46.69%	83.47%	40.94%	-21.29%	-48.47%	Upgrade
Dividend Yield	1.67%	-	5.11%	6.85%	5.86%	3.38%	Upgrade
Payout Ratio	14.42%	14.42%	12.04%	9.09%	14.49%	-	Upgrade
Total Shareholder Return	1.67%	-	5.11%	6.85%	5.86%	3.38%	Upgrade

Source: S&P Capital IQ. Insurance template. Financial Sources.