Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. AIICO Insurance's Revenue for the
three
months ended in Mar. 2026 was ₦55,839 Mil. AIICO Insurance's Total Assets for the quarter that ended in Mar. 2026 was ₦618,392 Mil. Therefore, AIICO Insurance's Asset Turnover for the quarter that ended in Mar. 2026 was 0.09.
Asset Turnover is linked to ROE % through Du Pont Formula. AIICO Insurance's annualizedROE % for the quarter that ended in Mar. 2026 was 20.33%. It is also linked to ROA % through Du Pont Formula. AIICO Insurance's annualizedROA % for the quarter that ended in Mar. 2026 was 3.31%.
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.
* 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.
** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.
It is also linked to ROA % through Du Pont Formula:
AIICO Insurance's annulizedROA % for the quarter that ended in Mar. 2026 is
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.
* 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
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.
AIICO Insurance Asset Turnover Related Terms
AIICO Insurance Asset Turnover Historical Data
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The historical data trend for AIICO Insurance's Asset Turnover 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: Asset Turnover Comparison
For the Insurance - Diversified subindustry, AIICO Insurance's Asset Turnover, along with its competitors' market caps and Asset Turnover 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 Asset Turnover vs Insurance Industry
For the Insurance industry and Financial Services sector, AIICO Insurance's Asset Turnover distribution charts can be found below:
* The bar in red indicates where AIICO Insurance's Asset Turnover 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.
Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.
AIICO Insurance (NSA:AIIC) has a Asset Turnover of 0.09 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on AIICO Insurance and its competitors.
Is AIICO Insurance's Asset Turnover too high?
AIICO Insurance's current Asset Turnover is 0.09. 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 Asset Turnover compare to BRK.A and AIG?
AIICO Insurance's Asset Turnover of 0.09 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 Asset Turnover for an Insurance company?
A good Asset Turnover depends on the Insurance industry context. However, Asset Turnover 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 Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on AIICO Insurance and its competitors. AIICO Insurance's current Asset Turnover is 0.09. 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 Asset Turnover is 0.09. 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 Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For AIICO Insurance (NSA:AIIC), the current Asset Turnover is 0.09 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:
Asset Turnover: 0.09
GF Value™: ₦4.95 vs. price of ₦4.05 (18.2% 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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Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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