Sunu Assurances Nigeria Plc has projected a net profit of N1.11 billion for the period ending June 30, 2026, in its latest earnings forecast made public on Tuesday, March 10, 2026.
News.ng reports that the forecast shows the insurance firm’s disciplined underwriting practices, investment portfolio performance, and operational efficiency.
According to the financial forecast, insurance revenue is expected to reach N8.48 billion, reflecting the company’s market presence in the insurance sector.
In view of its disciplined underwriting approach, the company is expected to generate N2.90 billion from its insurance services after accounting for expenses of N3.67 billion and reinsurance contract expenses of about N1.92 billion.
This earnings forecast shows Sunu Assurances’ ability to effectively manage risk exposure while maintaining competitive pricing.
Regarding its investment portfolio performance, the insurance firm’s net value gains on financial assets are projected at N26.80 billion. From concessionary arrangement profit, a total of N15.86 billion is expected from that segment, while N821.51 million will come from investment income.
However, the firm lowered its other operating income to N48.81 million, and impairment loss is expected at N64.14 million.
According to the report, the insurer has projected N2.16 billion for operating expenses. Results from operating services are projected at N1.57 billion.
The company is expected to make a net profit of N1.11 billion after tax expense deductions of N477.82 million, representing a profit after tax margin of 13.1% on revenue.
