NEM Insurance assets rise as 2025 earnings boost performance
NEM Insurance Plc has reported strong financial results for the year ended 31 December 2025. The company’s total assets and revenue saw significant growth across both group and parent operations. Despite the increase in assets and revenue, profitability moderated during the period. NEM Insurance Plc emphasized its commitment to delivering value to shareholders and sustaining growth.
TLDR
- Group total assets rose by N61.81bn to N186.04bn in 2025, up from N124.23bn in 2024.
- Group revenue increased to N173.04bn from N121.6bn in 2024, driven by premium income and investments.
- Profit Before Tax declined to N27.98bn from N33.7bn, and Profit After Tax was N23.9bn, down from N29.24bn in the prior year.
- Parent company assets reached N178.59bn in 2025, up from N121.93bn in 2024, with revenue at N165.72bn compared to N119.88bn.
- NEM Insurance Plc reaffirmed its focus on shareholder value, underwriting capacity, and innovation despite economic challenges.
