NEM Insurance Assets Surge To N165.46bn In Q3 2025

The total assets of NEM Insurance Plc climbed to N165.46 billion as of September 30, 2025, up from N121.93 billion recorded at the end of December 2024.

Through this, it has maintained its impressive growth trajectory, reaffirming its position as one of Nigeria’s foremost general insurance companies,

The company’s unaudited financial statements for the third quarter of 2025, released to the Nigerian Exchange Group (NGX) showed a solid balance sheet expansion driven by improved underwriting performance and sound investment strategies.

Total liabilities rose to N84.49 billion in September 2025 from N56.49 billion in December 2024, reflecting increasing business activities and strong risk-bearing capacity.

Likewise, total equity grew to N80.97 billion from N65.44 billion, underscoring enhanced shareholders’ value.

A review of the company’s Interim Financial Statement for Q3 2025 revealed remarkable operational progress compared to the same period in 2024. Insurance revenue jumped to N107.44 billion, from N69.52 billion in Q3 2024, representing a robust 55% increase.

In addition, net insurance and investment results surged to N30.39 billion from N20.92 billion recorded in the same quarter of 2024, reflecting a strong 45% growth. The insurer also reported an insurance service result of N17.05 billion compared to N18.44 billion in the previous year, while profit before NITDA and taxation rose to N23.77 billion from N15.71 billion, signaling consistent profitability.

The company’s profit after tax for the period stood at N20.51 billion, from N13.56 billion achieved in Q3 2024, a clear demonstration of NEM’s resilience, operational efficiency, and disciplined financial management.

Claims of N30.54bn were paid as of Q3 2025, a rise of 105 per cent from N14.94bn paid as of the same period of 2024. This confirmed the company’s commitment to fulfilling its obligations to its esteemed customers.

With the feat in Q3 2025, NEM Insurance Plc is now rated number one among the listed insurance companies on the NGX by insurance revenue in Nigeria in the period under review.

The performance also confirmed its leadership with recognition award as Best General Insurance Company in Nigeria by Almond Communications.

Market analysts have commended the insurer’s strong financial strength, describing it as evidence of robust corporate governance, prudent underwriting, and effective claims management.

They noted that NEM Insurance’s consistent profitability reflects its strategic focus on technology-driven service delivery, diversified investment portfolio, and customer-centric approach.

NEM Insurance’s management attributed the performance to ongoing strategic investments, operational discipline, and innovations that continue to reinforce its position as a leader in Nigeria’s general insurance market.

With a strong capital base, expanding customer network, and growing investment income, NEM
Insurance remains well-positioned to deliver sustainable value to shareholders and policyholders while driving industry growth.