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NEM Insurance Plc has projected insurance revenue of N65.26 billion for the first quarter of 2026. The company disclosed the forecast in a filing submitted to the Nigerian Exchange Ltd.
In addition, the insurer expects total assets of N177.28 billion, profit before tax of N13.16 billion, and profit after tax of N11.71 billion during the period. According to the company, the outlook reflects strong underwriting performance, effective risk management, and improved investment returns.
Financial Outlook for Q1 2026
Based on its projections, NEM Insurance expects continued growth across key financial indicators in early 2026. The company’s anticipated increase in revenue and profitability signals confidence in its operational strategy and market positioning.
Management noted that disciplined underwriting and prudent asset allocation remain central to sustaining earnings momentum.
Strong Performance in 2025
NEM Insurance maintained solid performance throughout 2025. The company paid a dividend of N5.02 billion for the 2024 financial year, underscoring its commitment to shareholder returns.
Unaudited results for the third quarter of 2025 showed total assets rose to N165.46 billion as of September 30, 2025, compared with N121.93 billion at the end of 2024. The growth was driven by increased underwriting activity and improved investment income.
Growth in Shareholders’ Equity
During the same period, shareholders’ equity increased to N80.97 billion from N65.44 billion. This improvement strengthened the company’s balance sheet and enhanced its capacity to support future expansion.
Insurance Revenue Growth
Insurance revenue increased significantly in 2025. By the third quarter, revenue rose by 55 percent year on year to N107.44 billion, up from N69.52 billion in the same period of 2024.
The company said the strong revenue performance demonstrates its ability to sustain growth and profitability heading into 2026.
