Shareholders of NEM Insurance Plc have applauded the company’s board and management following the announcement of a remarkable N7.52 billion dividend payout for the 2025 financial year, reinforcing investor confidence in one of Nigeria’s leading insurance providers.
The commendation came during the company’s 56th Annual General Meeting (AGM) held in Lagos, where the Group Chairman, Tope Smart, presented the audited financial results for the year ended December 31, 2025.
Dividend Boost Signals Strong Investor Confidence
In what many investors described as a bold and rewarding move, the board recommended a dividend of N1.50 per ordinary share, totaling N7.52 billion. The payout, subject to shareholder approval and applicable withholding tax, underscores the company’s consistent commitment to delivering value to its investors.
Shareholders expressed satisfaction with the company’s resilience and profitability despite Nigeria’s challenging economic and business environment. Many noted that the impressive dividend reflects a disciplined management strategy and strong corporate governance.
Revenue and Investment Income Surge
NEM Insurance posted outstanding growth across major financial indicators. Insurance revenue surged by 56 percent, rising from N97.9 billion in 2024 to N152.3 billion in 2025. Investment income also recorded a significant increase of 70 percent, climbing to N12.9 billion from N7.6 billion in the previous year.
The company’s subsidiaries—NEM Asset Management Company Limited and NEM Health Limited—were also highlighted as key contributors to the group’s strong earnings performance.
Claims Payouts Highlight Customer Commitment
Demonstrating its dedication to policyholders, the company reported claims expenses of N49.8 billion in 2025, up from N31.3 billion in 2024. This increase reflects NEM Insurance’s continued focus on prompt claims settlement, a critical factor in building trust within the insurance sector.
Profitability and Asset Growth Remain Strong
The group recorded a profit before tax of N27.9 billion, maintaining a solid financial footing. Financial assets grew by 38 percent, while total assets and shareholders’ equity rose by 49.8 percent and 29 percent respectively—further strengthening the company’s balance sheet.
Expansion Plans Signal Future Growth
Looking ahead, the company revealed that plans to establish a life assurance subsidiary are at an advanced stage. This strategic expansion is expected to broaden its market presence and unlock new revenue streams within Nigeria’s evolving insurance landscape.
Positioned for Regulatory Changes
Managing Director Andrew Ikekhua emphasized that the company remains well-capitalized and prepared to thrive under the new regulatory capital requirements introduced by the Nigerian Insurance Industry Reform Act 2025.
He added that NEM Insurance received multiple industry recognitions in 2025, including:
- Best General Insurance Company of the Year
- Outstanding Performance in Claims Settlement Award by Risk Analyst
- Pearl Award in the Financial Services (Insurance Sector)
