AIICO InsuranceNSA:AIIC +0.50%44 Net Margin % is 9.17% as of Mar. 2026, which is 31% below its 10-year median of 13.35. GuruFocus rates NSA:AIIC with a GF Score™ of 44/100 and a GF Value™ of ₦4.95 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 503 Insurance companies, AIICO Insurance ranks worse than 65.41% on this metric.
Net margin is calculated as Net Income divided by its Revenue. AIICO Insurance's Net Income for the
three
months ended in Mar. 2026 was ₦5,122 Mil. AIICO Insurance's Revenue for the
three
months ended in Mar. 2026 was ₦55,839 Mil. Therefore, AIICO Insurance's net margin for the quarter that ended in Mar. 2026 was 9.17%.
The historical rank and industry rank for AIICO Insurance's Net Margin % or its related term are showing as below:
NSA:AIIC'
s Net Margin % Range Over the Past 10 Years
Min: 2.7 Med: 13.35 Max: 37.32
Current: 12.74
NSA:AIIC's Net Margin % is ranked worse than 65.41% of 503
companies
in the Insurance industry
Industry Median: 9.29
vs NSA:AIIC: 12.74
AIICO Insurance (NSA:AIIC) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
AIICO Insurance Net Margin % Related Terms
AIICO Insurance Net Margin % Historical Data
* Premium members only.
The historical data trend for AIICO Insurance's Net Margin % 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: Net Margin % Comparison
For the Insurance - Diversified subindustry, AIICO Insurance's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, AIICO Insurance's Net Margin % distribution charts can be found below:
* The bar in red indicates where AIICO Insurance's Net Margin % falls into.
* 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 Net Margin % of 9.17% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on AIICO Insurance and its competitors. This is 31% below median its historical median of 13.35. Over the past decade, AIICO Insurance's Net Margin % has ranged from 2.70 to 37.32. According to the industry distribution chart, AIICO Insurance ranks #329 out of 503 companies in the Insurance industry, placing it in the top 65.4%.
Is AIICO Insurance's Net Margin % too high?
AIICO Insurance's current Net Margin % of 9.17% is 31% below median its 10-year median of 13.35. Over the past 10 years, this metric has ranged from a low of 2.70 to a high of 37.32. The Insurance industry median Net Margin % is 9.29. AIICO Insurance's value of 9.17% is 1.3% below this industry median. Based on the distribution chart, AIICO Insurance ranks #329 out of 503 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 Net Margin % compare to BRK.A and AIG?
According to the Insurance industry distribution chart, AIICO Insurance ranks #329 out of 503 companies for Net Margin %. This places AIICO Insurance in the lower half of its industry. The industry median Net Margin % is 9.29. AIICO Insurance's value of 9.17% is 1.3% below this benchmark. Historically, AIICO Insurance's own Net Margin % has ranged from 2.70 to 37.32 over the past decade. While the company's 10-year median is 13.35 vs. the industry median of 9.29, 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 Net Margin % for an Insurance company?
The median Net Margin % among Insurance companies is 9.29, based on 503 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AIICO Insurance's current Net Margin % of 9.17% is 1.3% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on AIICO Insurance and its competitors. For the Insurance industry, the median Net Margin % is 9.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AIICO Insurance's current Net Margin % is 9.17%, which is 31% below median its own 10-year median of 13.35. 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 ₦4.95, compared to a current price of ₦4.05 — trading 18.2% below its estimated fair value. The current Net Margin % is 9.17%, which is 31% below median its 10-year median of 13.35 and 1.3% below the Insurance industry median of 9.29. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For AIICO Insurance (NSA:AIIC), the current Net Margin % is 9.17% 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 ₦4.05 is trading 18.2% below its estimated GF Value™ of ₦4.95.
GuruFocus considers AIICO Insurance to be Modestly Undervalued.
Key valuation signals for NSA:AIIC:
Net Margin %: 9.17% (31% below median its 10-year median of 13.35)
GF Value™: ₦4.95 vs. price of ₦4.05 (18.2% below fair value)
Industry Position: 1.3% below the Insurance median (#329 of 503)
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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