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AIICO InsuranceNSA:AIIC 44 Equity-to-Asset is 0.16 as of Mar. 2026, which is at its 10-year median of 0.16. GuruFocus rates NSA:AIIC with a GF Score™ of 44/100 and a GF Value™ of ₦5.03 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 508 Insurance companies, AIICO Insurance ranks worse than 70.28% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. AIICO Insurance's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ₦103,496 Mil. AIICO Insurance's Total Assets for the quarter that ended in Mar. 2026 was ₦652,766 Mil.
Therefore, AIICO Insurance's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.16.
The historical rank and industry rank for AIICO Insurance's Equity-to-Asset or its related term are showing as below:
NSA:AIIC'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.11 Med: 0.16 Max: 0.18
Current: 0.16
During the past 11 years, the highest Equity to Asset Ratio of AIICO Insurance was 0.18. The lowest was 0.11. And the median was 0.16.
NSA:AIIC's Equity-to-Asset is ranked worse than 70.28% of 508
companies
in the Insurance industry
Industry Median: 0.26
vs NSA:AIIC: 0.16
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
AIICO Insurance Equity-to-Asset Related Terms
AIICO Insurance Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for AIICO Insurance's Equity-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.
NSA:AIIC vs BRK.A, AIG, HIG: Equity-to-Asset Comparison
For the Insurance - Diversified subindustry, AIICO Insurance's Equity-to-Asset, along with its competitors' market caps and Equity-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 Equity-to-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, AIICO Insurance's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where AIICO Insurance's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
AIICO Insurance's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (NSA:AIIC) has a Equity-to-Asset of 0.16 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on AIICO Insurance and its competitors. This is near median its historical median of 0.16. Over the past decade, AIICO Insurance's Equity-to-Asset has ranged from 0.11 to 0.18. According to the industry distribution chart, AIICO Insurance ranks #357 out of 508 companies in the Insurance industry, placing it in the top 70.3%.
Is AIICO Insurance's Equity-to-Asset too high?
AIICO Insurance's current Equity-to-Asset of 0.16 is near median its 10-year median of 0.16. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.18. The Insurance industry median Equity-to-Asset is 0.26. AIICO Insurance's value of 0.16 is 38.5% below this industry median. Based on the distribution chart, AIICO Insurance ranks #357 out of 508 companies in the Insurance industry, which is below the industry midpoint. 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 Equity-to-Asset compare to BRK.A and AIG?
According to the Insurance industry distribution chart, AIICO Insurance ranks #357 out of 508 companies for Equity-to-Asset. This places AIICO Insurance in the lower half of its industry. The industry median Equity-to-Asset is 0.26. AIICO Insurance's value of 0.16 is 38.5% below this benchmark. Historically, AIICO Insurance's own Equity-to-Asset has ranged from 0.11 to 0.18 over the past decade. While the company's 10-year median is 0.16 vs. the industry median of 0.26, AIICO Insurance has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for an Insurance company?
The median Equity-to-Asset among Insurance companies is 0.26, based on 508 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AIICO Insurance's current Equity-to-Asset of 0.16 is 38.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on AIICO Insurance and its competitors. For the Insurance industry, the median Equity-to-Asset is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AIICO Insurance's current Equity-to-Asset is 0.16, which is near median its own 10-year median of 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 ₦5.03, compared to a current price of ₦4.10 — trading 18.5% below its estimated fair value. The current Equity-to-Asset is 0.16, which is near median its 10-year median of 0.16 and 38.5% below the Insurance industry median of 0.26. 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 Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For AIICO Insurance (NSA:AIIC), the current Equity-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 ₦4.10 is trading 18.5% below its estimated GF Value™ of ₦5.03.
GuruFocus considers AIICO Insurance to be Modestly Undervalued.
Key valuation signals for NSA:AIIC:
Equity-to-Asset: 0.16 (near median its 10-year median of 0.16)
GF Value™: ₦5.03 vs. price of ₦4.10 (18.5% below fair value)
Industry Position: 38.5% below the Insurance median (#357 of 508)
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 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
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