Home Business Insurance World NEM Insurance strengthens balance sheet with N186bn assets in 2025
Insurance World

NEM Insurance strengthens balance sheet with N186bn assets in 2025

Share
Share

NEM Insurance Plc, has released its audited financial results for the year ended December 31, 2025, showing strong growth in assets and revenue across its group and parent operations.

At the Group level, total assets rose significantly by N61.81 billion to N186.04 billion in 2025, up from N124.23 billion recorded in 2024. This growth reflects the company’s continued expansion and strengthened investment base.

Group liabilities also increased to N101.58 billion from N58.79 billion, in line with higher underwriting activities and obligations, while total equity climbed to N84.46 billion, compared to N65.44 billion in the previous year, underscoring improved shareholder value.

The Group recorded a strong rise in total revenue, which grew to N173.04 billion from N121.6 billion in 2024, representing a substantial increase driven by enhanced premium income and investment performance.

However, profitability moderated during the period, with Profit Before Tax (PBT) declining to N27.98 billion from N33.7 billion, while Profit After Tax (PAT) stood at N23.9 billion, down from N29.24 billion in the prior year.

At the Parent Company level, NEM Insurance Plc also posted notable growth in key balance sheet indicators.

Total assets increased to N178.59 billion in 2025 from N121.93 billion in 2024, while total liabilities rose to N94.59 billion, compared to N56.49 billion recorded in the previous year.

Revenue for the parent company grew to N165.72 billion, up from N119.88 billion, reflecting sustained business expansion and improved operational performance.

Similar to the Group, profitability declined, with PBT falling to N27.56 billion from N33.52 billion, and PAT decreasing to N23.55 billion from N29.08 billion in 2024.

Commenting on the results, the company noted that the performance demonstrates resilience and strong market positioning, driven by revenue growth and asset expansion, despite prevailing economic and industry challenges that impacted margins.

The company reaffirmed its commitment to delivering value to shareholders, strengthening underwriting capacity, and sustaining growth through innovation and customer-focused insurance solutions.

Share
Related Articles

Mutual Benefits Assurance Reports ₦80bn Revenue, Expands Assets to ₦176bn

BY NKECHI NAECHE-ESEZOBOR—Mutual Benefits Assurance Plc has released its audited financial results...

NEM Insurance Strengthens Policyholder Trust with N45.91bn Claims Payment

BY NKECHI NAECHE-ESEZOBOR—NEM Insurance Plc has further reinforced confidence among its policyholders...

Almond Insurance Awards Opens Nominations for 2026 #REEMERGENCE Edition

BY NKECHI NAECHE-ESEZOBOR—Almond Productions Limited, the organizers of the annual Almond Insurance...

Sovereign Trust Insurance Targets Growth With ₦5.02bn Offer

BY NKECHI NAECHE-ESEZOBOR—Sovereign Trust Insurance (STI) Plc has launched a ₦5.02 billion...