BY NKECHI NAECHE-ESEZOBOR—NEM Insurance Plc has projected a profit before tax of ₦13.16 billion for the first quarter of 2026, signaling continued strong performance following a robust 2025 financial year.
The company also projected total assets of ₦177.28 billion, insurance revenue of ₦65.26 billion, and profit after tax of ₦11.71 billion, reflecting its sustained operational efficiency, strong underwriting performance, and prudent investment strategy.
This forecast, submitted to the Nigerian Exchange Group (NGX), reflects NEM Insurance’s confidence in its business fundamentals, driven by strong underwriting performance, prudent risk management and effective investment strategies.
It would be recalled that as part of its commitment to wealth creation for shareholders, NEM Insurance paid a dividend of ₦5.02 billion for the 2024 financial period, a move that attracted widespread commendation from shareholders at its 2025 Annual General Meeting.
A review of the company’s unaudited third quarter (Q3) 2025 results, earlier released on the NGX, further highlights its strong growth trajectory. Total assets rose significantly to ₦165.46 billion as of September 30, 2025, compared with ₦121.93 billion at the end of December 2024.
The balance sheet expansion was supported by increased underwriting activities and sound investment decisions. At the same time, shareholders’ equity climbed to ₦80.97 billion from ₦65.44 billion, reinforcing the company’s solid capital base and improved shareholder value in Q3 2025.
Operational performance also showed marked improvement year-on-year. Insurance revenue surged to ₦107.44 billion in Q3 2025, up from ₦69.52 billion recorded in the corresponding period of 2024, representing a robust 55 per cent increase.
Industry analysts note that NEM Insurance’s consistent growth, strong capital position and reliable dividend history position it favourably to navigate industry challenges and capitalise on emerging opportunities in Nigeria’s insurance market.
With its optimistic Q1 2026 forecast now before the NGX, NEM Insurance Plc appears set to build on its 2025 successes, reinforcing its status as Nigeria’s foremost and most resilient general insurance company.
