NEM Insurance Reports Strong Q2 2025 Revenue of N75.41 Billion, Exceeds Minimum Capital Requirements
NEM Insurance, a leading insurance company in Nigeria, announced a robust financial performance in the second quarter of 2025, posting a revenue of N75.41 billion. The company's Managing Director, Mr. Andrew Ikekhua, highlighted the firm's strong financial position, surpassing the Minimum Capital Requirement (MCR) set by the Nigerian Insurance Industry Reform Act (NIIRA) 2025.
NEM Insurance's profit before tax for the first half of the year stood at N17.94 billion, a substantial increase from the previous year. The company's total assets grew to N159.90 billion, reflecting a positive growth trajectory.
Share capital remained unchanged at N5.02 billion, indicating stability in the company's capital structure.
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