NEM Insurance Plc has forecast a robust financial performance for the first quarter of 2026, with projected profit after tax of 11.71 billion. The company’s forecast, submitted to the Nigerian Exchange Group, also estimates total assets of 177.279 billion, insurance revenue of 65.256 billion, and profit before tax of 13.158 billion.
This projection reaffirms the company’s strong growth outlook, following its impressive performance in the 2025 financial year. The forecast highlights the company’s sustained profitability and operational efficiency, with total assets and insurance revenue expected to increase significantly.
The company’s outlook reflects confidence in its business fundamentals, supported by strong underwriting performance, prudent risk management, and effective investment strategies. NEM Insurance has a history of committing to shareholder value, having paid a dividend of 5.02 billion for the 2024 financial year. This move drew commendation from shareholders at its 2025 Annual General Meeting.
A review of the company’s unaudited third-quarter 2025 results further highlights its strong growth trajectory. Total assets rose to 165.46 billion as of September 30, 2025, compared to 121.93 billion at the end of December 2024. Shareholders’ equity climbed to 80.97 billion from 65.44 billion, reinforcing the company’s solid capital base and improved shareholder value.
Operational performance also showed marked improvement year-on-year, with insurance revenue surging to 107.44 billion in Q3 2025, up from 69.52 billion recorded in the corresponding period of 2024. This represents a 55% increase.
Industry analysts note that NEM Insurance’s strong growth, capital base, and dividend record position it well in Nigeria’s insurance market. The company’s commitment to shareholder value and operational efficiency is expected to continue driving its growth momentum. With its strong financial performance and business fundamentals, NEM Insurance is poised to maintain its position in the Nigerian insurance industry.
