AIICO Insurance (NSA:AIIC) Debt-to-Asset : 0.16 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSA:AIIC AIICO Insurance PLC NSA:AIIC
44 GF Score
Price ₦4.18
GF Value ₦5.05
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is AIICO Insurance Debt-to-Asset?

AIICO Insurance NSA:AIIC +3.47% 44 Debt-to-Asset is 0.16 as of Mar. 2026. GuruFocus rates NSA:AIIC with a GF Score™ of 44/100 and a GF Value™ of ₦5.05 (Modestly Undervalued). The stock has 2 warning signs investors should review.

AIICO Insurance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₦0 Mil. AIICO Insurance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₦106,095 Mil. AIICO Insurance's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2026 was ₦652,766 Mil. AIICO Insurance's debt to asset for the quarter that ended in Mar. 2026 was 0.16.


AIICO Insurance  (NSA:AIIC) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.


AIICO Insurance Debt-to-Asset Related Terms


AIICO Insurance Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for AIICO Insurance's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

AIICO Insurance Debt-to-Asset Chart

AIICO Insurance Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.09 0.10 0.13 0.17

AIICO Insurance Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.13 0.12 0.13 0.17 0.16

NSA:AIIC vs BRK.A, AIG, HIG: Debt-to-Asset Comparison

For the Insurance - Diversified subindustry, AIICO Insurance's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


AIICO Insurance Debt-to-Asset vs Insurance Industry

For the Insurance industry and Financial Services sector, AIICO Insurance's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where AIICO Insurance's Debt-to-Asset falls into.


NSA:AIIC
44GF Score
AIICO Insurance PLC NSA:AIIC
Debt-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AIICO Insurance Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

AIICO Insurance's Debt-to-Asset for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0 + 97454.037) / 584018.689
=0.17

AIICO Insurance's Debt-to-Asset for the quarter that ended in Mar. 2026 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0 + 106095.228) / 652765.667
=0.16

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 0.16 mean?
AIICO Insurance (NSA:AIIC) has a Debt-to-Asset of 0.16 as of Mar. 2026. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on AIICO Insurance and its competitors.
Is AIICO Insurance's Debt-to-Asset too high?
AIICO Insurance's current Debt-to-Asset is 0.16. Overall, AIICO Insurance has a GF Score™ of 44/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AIICO Insurance's Debt-to-Asset compare to BRK.A and AIG?
AIICO Insurance's Debt-to-Asset of 0.16 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for an Insurance company?
A good Debt-to-Asset depends on the Insurance industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on AIICO Insurance and its competitors. AIICO Insurance's current Debt-to-Asset is 0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AIICO Insurance stock overvalued right now?
Based on GuruFocus' analysis, AIICO Insurance (NSA:AIIC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₦5.05, compared to a current price of ₦4.18 — trading 17.2% below its estimated fair value. The current Debt-to-Asset is 0.16. AIICO Insurance's overall GF Score™ is 44/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For AIICO Insurance (NSA:AIIC), the current Debt-to-Asset is 0.16 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is AIICO Insurance (NSA:AIIC) Overvalued in 2026?

Based on GuruFocus' analysis, AIICO Insurance stock appears to be undervalued. The current stock price of ₦4.18 is trading 17.2% below its estimated GF Value™ of ₦5.05. GuruFocus considers AIICO Insurance to be Modestly Undervalued.

Key valuation signals for NSA:AIIC:

  • Debt-to-Asset: 0.16
  • GF Value™: ₦5.05 vs. price of ₦4.18 (17.2% below fair value)
  • GF Score™: 44/100 with 2 warning signs

No single metric tells the full story. See the NSA:AIIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AIICO Insurance Business Description

Address Churchgate Street, Plot PC 12, AIICO Plaza, Victoria Island, Lagos, NGA
AIICO Insurance PLC provides life and health insurance, general insurance, investment management, and pension management services as a means to create and protect wealth for individuals, families, and corporate customers in Nigeria. The company's key business areas include Life Insurance Business, Non-Life Insurance Business, Health, and Wealth Management, Deposit Administration, and Financial Services to organizations and private individuals. The group has four reportable segments: Life business, which generates maximum revenue, General business, Health management services, and Asset management. The life insurance segment offers savings, protection products and other long-term contracts. It comprises of whole life, term assurance, guaranteed pensions, pure endowment pensions and Others.
44GF Score

Get the complete analysis for NSA:AIIC

Debt-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦4.18
Price
₦5.05
GF Value