AIICO InsuranceNSA:AIIC +0.50%44 ROE % is 20.33% as of Mar. 2026, which is 18% below its 10-year median of 24.94. 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 504 Insurance companies, AIICO Insurance ranks worse than 77.58% on this metric.
The historical rank and industry rank for AIICO Insurance's ROE % or its related term are showing as below:
NSA:AIIC'
s ROE % Range Over the Past 10 Years
Min: 12.94 Med: 24.94 Max: 122.4
Current: 26.88
During the past 11 years, AIICO Insurance's highest ROE % was 122.40%. The lowest was 12.94%. And the median was 24.94%.
NSA:AIIC's ROE % is ranked worse than 77.58% of 504
companies
in the Insurance industry
Industry Median: 11.675
vs NSA:AIIC: 26.88
AIICO Insurance (NSA:AIIC) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
AIICO Insurance ROE % Related Terms
AIICO Insurance ROE % Historical Data
* Premium members only.
The historical data trend for AIICO Insurance's ROE % 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.
For the Insurance - Diversified subindustry, AIICO Insurance's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Insurance Industry
For the Insurance industry and Financial Services sector, AIICO Insurance's ROE % distribution charts can be found below:
* The bar in red indicates where AIICO Insurance's ROE % 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
AIICO Insurance (NSA:AIIC) has a ROE % of 20.33% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on AIICO Insurance and its competitors. This is 18% below median its historical median of 24.94. Over the past decade, AIICO Insurance's ROE % has ranged from 12.94 to 122.40. According to the industry distribution chart, AIICO Insurance ranks #391 out of 504 companies in the Insurance industry, placing it in the top 77.6%.
Is AIICO Insurance's ROE % too high?
AIICO Insurance's current ROE % of 20.33% is 18% below median its 10-year median of 24.94. Over the past 10 years, this metric has ranged from a low of 12.94 to a high of 122.40. The Insurance industry median ROE % is 11.68. AIICO Insurance's value of 20.33% is 74.1% above this industry median. Based on the distribution chart, AIICO Insurance ranks #391 out of 504 companies in the Insurance industry, which is in the bottom quartile relative to peers. 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 ROE % compare to BRK.A and AIG?
According to the Insurance industry distribution chart, AIICO Insurance ranks #391 out of 504 companies for ROE %. This places AIICO Insurance in the lower half of its industry. The industry median ROE % is 11.68. AIICO Insurance's value of 20.33% is 74.1% above this benchmark. Historically, AIICO Insurance's own ROE % has ranged from 12.94 to 122.40 over the past decade. While the company's 10-year median is 24.94 vs. the industry median of 11.68, AIICO Insurance has consistently been above 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 ROE % for an Insurance company?
The median ROE % among Insurance companies is 11.68, based on 504 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AIICO Insurance's current ROE % of 20.33% is 74.1% above 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on AIICO Insurance and its competitors. For the Insurance industry, the median ROE % is 11.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AIICO Insurance's current ROE % is 20.33%, which is 18% below median its own 10-year median of 24.94. 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 ROE % is 20.33%, which is 18% below median its 10-year median of 24.94 and 74.1% above the Insurance industry median of 11.68. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For AIICO Insurance (NSA:AIIC), the current ROE % is 20.33% 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:
ROE %: 20.33% (18% below median its 10-year median of 24.94)
GF Value™: ₦4.95 vs. price of ₦4.05 (18.2% below fair value)
Industry Position: 74.1% above the Insurance median (#391 of 504)
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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