Insurance World

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

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.

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