Six listed insurance firms have a projected combined after-tax profit of N38.4 billion for the first half of 2026, marking a 6.07 percent increase from the N36.2 billion recorded in the same period last year, according to their earnings projections.
The surveyed firms include Nem Insurance Plc, AIICO Insurance Plc, AXA Mansard Insurance Plc, Sovereign Trust Insurance Plc, Sunu Assurance Plc, and Regency Alliance Insurance Plc.
NEM Insurance Plc remains the largest profit contributor, with earnings forecast to rise to N19.7 billion in H1 from N15.4 billion reported in the first half of 2025, an increase of 27.9 percent. AIICO Insurance Plc is projected to post a modest increase in profit to N11.8 billion from N11.2 billion, translating to a growth rate of 5.4 percent.
Sovereign Trust is expected to deliver moderate growth, with profit rising to N1.52 billion from N1.43 billion, an increase of 6.3 percent.
Regency Alliance Insurance
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