NEM Insurance Plc reported impressive profitability in its audited financial statements for the year ended December 31, 2025, continuing the momentum from earlier quarters with substantial year-on-year gains in profit before tax (PBT) and profit after tax (PAT).
Building on nine-month figures of ₦23.77 billion PBT (up 51.3%) and ₦20.51 billion PAT (up 51.3%), the full-year results reflect even stronger bottom-line expansion fueled by high insurance revenue, booming investment returns, and efficient underwriting.
Key Metrics
-Profit for the year reached approximately ₦24-29 billion levels based on disclosed comprehensive income and profit figures (e.g., profit for the year noted around ₦24.1 billion in equity movements, with full-year PAT aligning in the high ₦20s billion range after adjustments).
Strong contributions from investment income and fair value gains supported the surge, with earlier periods showing net income jumps (e.g., Q3 net income ₦5.03 billion, up significantly YoY).
Retained earnings grew substantially, reflecting high profitability retention after dividends (prior year dividend payout around ₦5 billion, with similar shareholder returns expected).
Segmented Revenue Drives Profit
Insurance revenue across core classes: motor (₦35.53 billion), marine (₦17.35 billion), fire (₦22.35 billion), and others drove overall top-line growth exceeding prior years, translating into higher profits. The company’s insurance service result and investment portfolio delivered outsized gains amid favorable market conditions.
The solid PAT performance positions NEM for attractive dividend considerations, following historical patterns (e.g., 100 kobo per share in prior years). With assets expanding significantly and equity strengthened by retained profits, NEM Insurance Plc solidified its position as a top performer in Nigeria’s non-life insurance sector, delivering exceptional value to shareholders through consistent profit acceleration.