AfriPulse
LAGOS – NEM Insurance Plc has projected a strong financial performance for the first quarter of 2026, with profit after tax expected to reach N11.71 billion, as the company sustains its growth momentum in Nigeria’s insurance market.
In its first-quarter 2026 forecast submitted to the Nigerian Exchange Group, the general insurance underwriter also estimated total assets of N177.279 billion, insurance revenue of N65.256 billion, and profit before tax of N13.158 billion.
The company reaffirms the company’s strong growth outlook following its impressive performance in quarterly reports released during the 2025 financial year.
“According to the forecast, the general insurance underwriter projects total assets of N177.279 billion in the first quarter of 2026.
“Insurance revenue is expected to hit N65.256 billion, while profit before tax is projected at N13.158 billion and profit after tax at N11.71 billion, underscoring the company’s sustained profitability and operational efficiency,” the statement read.
NEM Insurance said the outlook also reflects confidence in its business fundamentals, supported by strong underwriting performance, prudent risk management and effective investment strategies.
The statement recalled that the company paid a dividend of N5.02 billion for the 2024 financial year as part of its commitment to shareholder value, a move that drew commendation from shareholders at its 2025 Annual General Meeting.
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Chris Ebong
Chris Ebong is a correspondent with Independent Newspapers.
Source: Independent.ng | Read the Full Story…
