NEM Insurance Reports Strong Growth in 2025 Earnings

NEM Insurance Plc released its audited financial results for the year ending December 31, 2025, showcasing significant growth in assets and revenue. Total assets increased to N186.04 billion from N124.23 billion in 2024, reflecting a rise of N61.81 billion.

The company's liabilities also rose to N101.58 billion from N58.79 billion, indicating higher underwriting activity. Total equity climbed to N84.46 billion compared to N65.44 billion the previous year, underscoring improved shareholder value.

Total revenue grew to N173.04 billion from N121.6 billion in 2024, driven by enhanced premium income and investment performance. However, profit before tax declined to N27.98 billion from N33.7 billion, with profit after tax decreasing to N23.9 billion from N29.24 billion in the prior year.

NEM Insurance Plc noted that its performance demonstrated resilience and strong market positioning, driven by revenue growth and asset expansion despite prevailing economic challenges.