NEM Insurance Plc has released its audited financial results for the year ended 31 December 2025, showing strong growth in assets and revenue across its group and parent operations.

At the Group level, total assets rose significantly by N61.81bn to N186.04bn in 2025, up from N124.23bn recorded in 2024. This growth reflects the company’s continued expansion and strengthened investment base.

Group liabilities also increased to N101.58bn from N58.79bn, in line with higher underwriting activities and obligations, while total equity climbed to N84.46bn, compared to N65.44bn in the previous year, underscoring improved shareholder value.

The Group recorded a strong rise in total revenue, which grew to N173.04bn from N121.6bn in 2024, representing a substantial increase driven by enhanced premium income and investment performance.

However, profitability moderated during the period, with Profit Before Tax declining to N27.98bn from N33.7bn, while Profit After Tax stood at N23.9bn, down from N29.24bn 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 N178.59bn in 2025 from N121.93bn in 2024, while total liabilities rose to N94.59bn, compared to N56.49bn recorded in the previous year.

Revenue for the parent company grew to N165.72bn, up from N119.88bn, reflecting sustained business expansion and improved operational performance.

Similar to the Group, profitability declined, with PBT falling to N27.56bn from N33.52bn and PAT decreasing to N23.55bn from N29.08bn in 2024.

Commenting on the results, the company noted, “The performance demonstrates resilience and strong market positioning, driven by revenue growth and asset expansion, despite 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.