African Alliance Insurance PLC
NNSENG:AFRINSURE0.20
NGN
0.00
(0.00%)
ISIN
NGAFRINSURE4
Return %
Stock
S&P 500
1Y
0.00
14.20
3Y
0.00
81.12
5Y
0.00
68.34
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Ayobami Olakunle Ogunkeye
- Sector
- Finance
- Industry
- Life/Health insurance
- Address
- Lagos Nigeria
- IPO Date
- Sep 29, 2009
- Website
- africanallianceplc.com
- Similar Companies
- Business
- African Alliance Insurance PLC is a Nigeria-based life assurance underwriting company that specializes in the provision of individual life insurance, group life schemes, pensions, annuities, investment-linked savings plans, and Sharia-compliant Takaful products. Founded in 1960 and headquartered in Lagos, Nigeria, the company serves individual, retail, commercial, and institutional clients across Nigeria through an extensive nationwide network of branch offices. The company's core product and service portfolio comprises individual life assurance solutions, including the Children Education Plan, Money Return Plan, Alliance Investment Plus Plan, Smart Kid Educational Plan, Mortgage Protection Assurance, Whole Life Assurance, and Individual Term Assurance; corporate and group life schemes, including statutory Group Life Assurance, Credit Life Assurance, Keyman Insurance, Partnership Protection, and Group Mortgage Plans; pension and retirement solutions, encompassing Retiree Life Annuities and Deferred Annuity plans; and Islamic insurance products managed under its dedicated Takaful window, which provides Family Takaful, Education Takaful, and specialized travel/pilgrimage savings plans. In recent developments, the National Insurance Commission (NAICOM) intervened to restructure the company's governance framework, appointing an interim management board to steer corporate turnaround, oversee asset restructuring, and accelerate the settlement of outstanding policyholder claims. Additionally, African Alliance Insurance PLC is executing a multi-stage recapitalization initiative alongside the digital transformation of its operating infrastructure, deploying upgraded core-insurance software, automated claims tracking workflows, and enhanced online self-service channels to drive underwriting efficiency and restore capital adequacy.