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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
AIICO Insurance's Sloan Ratio for the quarter that ended in Mar. 2026 was 0.03%.
As of Mar. 2026, AIICO Insurance has a Sloan Ratio of 0.03%, indicating the company is in the safe zone and there is no funny business with accruals.
AIICO Insurance (NSA:AIIC) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Mar. 2026, AIICO Insurance has a Sloan Ratio of 0.03%, indicating the company is in the safe zone and there is no funny business with accruals.
AIICO Insurance Sloan Ratio % Related Terms
AIICO Insurance Sloan Ratio % Historical Data
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The historical data trend for AIICO Insurance's Sloan Ratio % 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: Sloan Ratio % Comparison
For the Insurance - Diversified subindustry, AIICO Insurance's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % 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 Sloan Ratio % vs Insurance Industry
For the Insurance industry and Financial Services sector, AIICO Insurance's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where AIICO Insurance's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
AIICO Insurance's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
AIICO Insurance's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 6542.209 (Jun. 2025 ) + 2509.125 (Sep. 2025 ) + 8913.488 (Dec. 2025 ) + 5121.838 (Mar. 2026 ) = ₦23,087 Mil.
AIICO Insurance's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -21045.166 (Jun. 2025 ) + 28687.542 (Sep. 2025 ) + 36237.264 (Dec. 2025 ) + 30442.23 (Mar. 2026 ) = ₦74,322 Mil.
AIICO Insurance's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 26906.937 (Jun. 2025 ) + -20850.781 (Sep. 2025 ) + 10512.028 (Dec. 2025 ) + -68030.889 (Mar. 2026 ) = ₦-51,463 Mil.
* 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 Sloan Ratio % of 0.03% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on AIICO Insurance and its competitors.
Is AIICO Insurance's Sloan Ratio % too high?
AIICO Insurance's current Sloan Ratio % is 0.03%. 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 Sloan Ratio % compare to BRK.A and AIG?
AIICO Insurance's Sloan Ratio % of 0.03% 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 Sloan Ratio % for an Insurance company?
A good Sloan Ratio % depends on the Insurance industry context. However, Sloan Ratio % 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 Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on AIICO Insurance and its competitors. AIICO Insurance's current Sloan Ratio % is 0.03%. 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 ₦5.02, compared to a current price of ₦4.15 — trading 17.3% below its estimated fair value. The current Sloan Ratio % is 0.03%. 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 Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For AIICO Insurance (NSA:AIIC), the current Sloan Ratio % is 0.03% 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 ₦4.15 is trading 17.3% below its estimated GF Value™ of ₦5.02.
GuruFocus considers AIICO Insurance to be Modestly Undervalued.
Key valuation signals for NSA:AIIC:
Sloan Ratio %: 0.03%
GF Value™: ₦5.02 vs. price of ₦4.15 (17.3% below fair value)
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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Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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