NEM Insurance PLC has posted a stellar financial performance for the year ended December 31, 2025, showcasing resilience and strategic growth in a challenging macroeconomic environment.
As contained in its financial report, the company’s total assets soared by 45%, climbing from ₦121.93 billion in 2024 to ₦176.58 billion in 2025, driven by strong investment returns and improved cash flow.
News.ng reports that cash and cash equivalents more than doubled to ₦28.96 billion (2024: ₦12.77 billion), reflecting enhanced liquidity and operational efficiency. Financial investments at amortised cost also rose to ₦75.36 billion, up from ₦68.58 billion in the prior year.
On the liabilities side, insurance contract liabilities increased to ₦61.03 billion (2024: ₦41.09 billion), indicating expanded coverage and policy uptake. Total liabilities stood at ₦92.02 billion, up from ₦56.49 billion.
Equity growth was equally impressive, with total equity rising to ₦84.56 billion (2024: ₦65.44 billion), bolstered by retained earnings of ₦56.30 billion and a statutory contingency reserve of ₦20.47 billion.
In its Q4 2025 interim statement, NEM Insurance reported a quarterly profit after tax of ₦3.59 billion, contributing to a full-year profit of ₦24.10 billion, compared with ₦29.08 billion in 2024.
Despite a dip in net investment results to ₦1.58 billion (Q4 2024: ₦14.19 billion), the company maintained profitability through disciplined expense management and strategic asset allocation.
With a solid balance sheet and strong earnings momentum, NEM Insurance PLC is well-positioned to capitalise on emerging opportunities in Nigeria’s insurance sector and beyond.
