NEM Insurance Plc has recorded robust balance sheet growth for the financial year ended December 31, 2025.
The insurer said total group assets rose to N186.04 billion in 2025 from N124.23 billion in 2024, representing an increase of N61.81 billion.
In a statement issued on Monday in Lagos, the company attributed the growth to sustained business expansion and a strengthened investment portfolio.
Group liabilities increased to N101.58 billion from N58.79 billion, while total equity rose to N84.46 billion from N65.44 billion in the previous year.
Group revenue also grew significantly to N173.04 billion in 2025, up from N121.60 billion in 2024, driven by higher premium income and improved investment returns.
However, profitability declined during the period. Profit before tax fell to N27.98 billion from N33.70 billion, while profit after tax decreased to N23.90 billion from N29.24 billion.
At the parent company level, total assets grew to N178.59 billion from N121.93 billion. Revenue rose to N165.72 billion from N119.88 billion, but profit before tax declined to N27.56 billion from N33.52 billion, and profit after tax dropped to N23.55 billion from N29.08 billion.
Commenting on the results, the company said the performance demonstrates resilience and strong market positioning despite prevailing economic challenges.
It reaffirmed its commitment to delivering shareholder value, strengthening underwriting capacity, and sustaining growth through innovation and customer-focused solutions.
