AIICO Insurance PLC 2023 AR2
The report highlights AIICO Insurance Plc's financial and operational performance for the fiscal year 2023, marking its 60th anniversary. The company transitioned to IFRS 17, recording a 32% increase in insurance revenue to N72.6 billion and a 364% rise in profit before tax to N12.5 billion. AIICO advanced its sustainability initiatives, focusing on health, education, and gender diversity, including a 23% increase in female middle management. Additionally, the company reduced its environmental footprint by cutting paper consumption by 52% and diesel usage from 358,740 liters to 287,700 liters through a hybrid work model.
Company: AIICO Insurance PLC
Sector: Financials
Country: Nigeria
Year: 2023
Type: AR2
Pages: 269
AIICO Insurance PLC
Annual Report & Accounts
The report highlights AIICO Insurance Plc's financial and operational performance for the fiscal year 2023, marking its 60th anniversary. The company transitioned to IFRS 17, recording a 32% increase in insurance revenue to N72.6 billion and a 364% rise in profit before tax to N12.5 billion. AIICO advanced its sustainability initiatives, focusing on health, education, and gender diversity, including a 23% increase in female middle management. Additionally, the company reduced its environmental footprint by cutting paper consumption by 52% and diesel usage from 358,740 liters to 287,700 liters through a hybrid work model.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees