Aiico Insurance hit by rising combined ratios as profit slumps

Aiico Insurance hit by rising combined ratios as profit slumps

Aiico Insurance Plc has fallen off the cliff as combined ratios (CR) dampened profit despite contributions from sale of significant investment. For the first nine months through September 2017, Aiico Insurance’s net income fell by 20.39 percent to N2.42 billion from N3.04 billion as at September 2016. The fall at the top line (profit) was…

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