By Taiye Olayemi
NEM Insurance Plc has reported an increase in its total assets from N124.23 billion to N186.04 billion for the year ended Dec. 31, 2025.
The group disclosed this in a statement on Monday in Lagos.
The statement read: “At the group level, total assets rose significantly by N61.81 billion to N186.04 billion in 2025, up from N124.23 billion recorded in 2024.
“This growth reflects the company’s continued expansion and strengthened investment base.”
Group liabilities also increased to N101.58 billion from N58.79 billion, in line with increased underwriting activities and obligations.
Total equity climbed to N84.46 billion, compared with N65.44 billion in the previous year, underscoring improved shareholder value.
The group recorded a strong rise in total revenue, which grew to N173.04 billion from N121.60 billion in 2024, representing a substantial increase driven by enhanced premium income and investment performance.
However, profitability moderated during the period, with profit before tax (PBT) declining to N27.98 billion from N33.7 billion.
It profit after tax (PAT) stood at N23.9 billion, down from N29.24 billion in the prior year.
At the parent company level, NEM Insurance Plc also posted notable growth in key balance sheet indicators.
Total assets increased to N178.59 billion in 2025 from N121.93 billion in 2024, while total liabilities rose to N94.59 billion, compared with N56.49 billion recorded in the previous year.
Revenue for the parent company grew to N165.72 billion, up from N119.88 billion, reflecting sustained business expansion and improved operational performance.
Similar to the group, profitability declined, with PBT falling to N27.56 billion from N33.52 billion, and PAT decreasing to N23.55 billion from N29.08 billion in 2024.
The company noted that the performance demonstrated resilience and strong market positioning, driven by revenue growth and asset expansion.
in spite of the prevailing economic and industry challenges that impacted margins.
The company reaffirmed its commitment to delivering value to shareholders, strengthening underwriting capacity, and sustaining growth through innovation and customer-focused insurance solutions.
Edited by Tayo Kamal Oropo
