Home Business Insurance World NEM Insurance Optimistic Of N3.6billion Profit Growth For Q3 2021
Insurance World

NEM Insurance Optimistic Of N3.6billion Profit Growth For Q3 2021

Share
Share

Mr. Tope Smart, GMD Nem Insurance Plc

BY NKECHI NAECHE-ESEZOBOR–Nigeria’s lead underwriter, NEM Insurance Plc at the weekend said it hopes to grow it’s profit after tax by 51.19 percent at the end of Q3 2021.

According to the insurer it expects it’s profit to increase to N3.553 billion, an improvement over N2.350 billion projected for Q2 2021.

The insurer disclosed this when it released ts forecast for the third quarter(Q3) period ending 30th September 2021 at the Nigerian Exchange group.

It also projected a gross premiums written of N21.675 billion as against N16.320 billion projected for Q2 2021.

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

Nigeria: New Insurance Bill To Unlock Industry Growth- NAICOM

BY NKECHI NAECHE- ESEZOBOR–The National Insurance Commission (NAICOM), has appluded the passage...

Nigerian Senate Passes 2024 Nigerian Insurance Industry Reform Bill

The Nigerian Senate has passed the 2024 Nigerian Insurance Industry Reform Bill....

NSIA Insurance Donates Furniture, Back-to-school Items To Govt College, Victoria Island

BY NKECHI NAECHE- ESEZOBOR– Committed to its Corporate Social Responsibility, NSIA Insurance...

Akin Ogunbiyi bags Honorary Doctorate Degree At OAU

Group chairman of Mutual Benefits Assurance Plc, Dr Akin Ogunbiyi, was on...