NEM Insurance Plc has projected insurance revenue of N65.26 billion in the first quarter of 2026, signaling confidence in its growth trajectory after a strong 2025 performance.
The company disclosed the outlook in a forecast filed with the Nigerian Exchange Ltd. on Sunday, also projecting total assets of N177.28 billion, profit before tax of N13.16 billion and profit after tax of N11.71 billion for the period.
NEM said the upbeat outlook is driven by solid underwriting results, disciplined risk management and effective investment strategies.
The insurer also recalled that it paid N5.02 billion in dividends for the 2024 financial year, underscoring its commitment to shareholder value.
A review of its unaudited third-quarter 2025 results showed that total assets climbed to N165.46 billion as of September 30, 2025, from N121.93 billion at the end of December 2024, supported by expanded underwriting activities and strong investment decisions.
Shareholders’ equity rose to N80.97 billion from N65.44 billion, reflecting a stronger capital base, while insurance revenue surged 55 per cent year-on-year to N107.44 billion in Q3 2025, compared with N69.52 billion in the same period of 2024.
