Insurance Nigerian Community

Executive Summary NEM Insurance Plc delivered robust financial results for the nine months ended 30 September 2025, underpinned by strong premium growth, strategic reinsurance partnerships, and superior investment income. The company recorded total insurance revenue of ₦107.44 billion, up 55% year-on-year, reflecting expansion across both retail and corporate segments.Read more

Executive Summary AXA MANSARD Insurance Plc recorded a resilient performance for the nine months ended 30 September 2025, supported by a robust investment return and improved underwriting discipline. Insurance revenue grew by 22.7% YoY to ₦120.53 billion (9M’24: ₦98.24 billion), driven by stronger premium generation across retail and corporate lines.Read more

Executive Summary AIICO Insurance Plc delivered a resilient performance for the nine months ended September 30, 2025, marked by a significant turnaround in underwriting results and a solid boost from investment activities. The Group recorded substantial improvement in insurance service results, supported by disciplined underwriting, enhanced risk selection, and effective reinsurance programs.Read more

Executive Summary Linkage Assurance Plc released its unaudited financial statements for the nine months ended 30 September 2025 , showcasing a resilient operational and financial performance amid a challenging macroeconomic environment. The Company reported a profit after tax (PAT) of ₦3.12 billion , representing a 25.1% year-on-year decline from ₦4.16 billion in the corresponding period of 2024.Read more

Executive Summary Conhall Plc reported a softer performance for the nine months ended September 30, 2025, as prior-year extraordinary fair-value investment gains normalized. Despite a sharp decline in net income versus the exceptionally strong 2024 base, the Group sustained resilient operating momentum in its core insurance and investment services businesses.Read more

Executive Summary LASACO Assurance Plc released its unaudited financial statements for the nine months ended 30 September 2025 , reflecting a challenging operating environment marked by higher claims expenses and cost pressures, which eroded profitability despite solid top-line and investment income growth. The Group reported a loss after tax of ₦499.0 million , compared to a profit of ₦1.97 billion in the corresponding period of 2024, driven largely by a significant rise in operating expenses and insurance service costs.Read more

Executive Summary Custodian Investment Plc delivered a robust financial performance for the nine months ended September 30, 2025, driven by strong revenue growth across insurance, investment, and dividend income streams. The Group’s diversified portfolio, disciplined expense management, and strategic asset allocation underpinned earnings resilience despite macroeconomic and FX pressures.Read more

Mutual Benefits Assurance Plc has delivered a remarkable turnaround in financial performance, transitioning from a loss in Q2 2024 to a robust ₦7.8 billion pretax profit in Q2 2025. This performance is driven by strong growth in insurance revenues , significant efficiency in service delivery , and a ninefold surge in investment income.Read more

Subject: Sunu Assurances Nigeria Plc Projects N1.19bn Profit for H1 2025 Sunu Assurances Nigeria Plc has released its earnings forecast for the first half of 2025, projecting a profit after tax of N1.19 billion. Key Highlights: - Projected profit after tax: N1.19 billion - Insurance revenue: N8.37 billion - Insurance service expenses: N2.79 billion - Net expenses from reinsurance contracts: N2.4 billion - Pre-tax profit projection: N1.68 billion - Total operating expenses: N2.05 billion - Net cash flow from operating activities: N2.34 billion - Cash and cash equivalents expected to rise to N14.08 billion by June 2025.Read more