International Energy Insurance Plc (IEI) is projecting a Profit After Tax (PAT) of N1.13 billion by the end of Q2 2026, anticipating a gross premium written of N5.99 billion, as contained in its financial forecast published on the Nigerian Exchange Group (NGX) website on Wednesday.
News.ng reports that in its financial forecast for Q2 2026, the insurance firm is projecting gross premiums written of N5.988 billion and an insurance service result of N3.354 billion.
Also, the company is expecting an operating profit of N838.43 million. Interest and similar income are projected at N773.99 million, while Profit Before Taxation (PBT) is expected to hit N1.612 billion.
Regarding tax credit, the insurance firm is projecting N83.73 million as it aims to earn a profit after tax of N1.129 billion for Q2 2026.
The management, however, noted that these projections are hinged on key factors, including stable government policies in the insurance sector and the level of efficiency in management operations during the course of the year.
Furthermore, the firm expects that there will not be any major uninsured risks or catastrophes in the same period, banking on customer loyalty.
More importantly, expectations are high regarding the enforcement of “Building Under Construction” and “Public Building” insurance policies to boost revenues.
Overall, the insurance firm’s projection is anchored on the National Insurance Commission’s guideline on “No Premium, No Cover.”
