According to notice released on the floor of Nigeria Exchange, the insurer recorded a strong performance in its top-line earnings for the 2025 financial year, with insurance revenue rising by 51.4 per cent year-on-year to N74.83 billion, compared with N49.47 billion posted in 2024.

The robust revenue growth underscores sustained business expansion and stronger underwriting performance during the period under review.

According to the company’s financial results, the insurance service result increased to N7.30 billion, up from N5.49 billion recorded in 2024, reflecting improved operational efficiency and stronger core insurance activities.

Similarly, investment income more than doubled to N5.47 billion, compared with N2.56 billion in the previous year, driven by improved returns on invested assets.

As a result, net insurance and investment revenue surged by 149 per cent year-on-year to N17.68 billion, from N7.10 billion in 2024, highlighting significant growth in combined earnings streams.

However, profit after tax declined by 36.8 per cent to N7.52 billion, down from N11.91 billion reported a year earlier.

The decline in bottom-line performance was also reflected in the company’s earnings per share (EPS), which dropped to 31 kobo from 50 kobo in the corresponding period of 2024.

On the balance sheet side, the company maintained a strong financial position, with total assets increasing by 27.74 per cent to N98.10 billion, up from N76.80 billion.

In the same vein, shareholders’ funds rose by 21.96 per cent to N48.49 billion, compared with N39.76 billion recorded in 2024, indicating sustained growth in shareholder value.

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