NEM Insurance Plc has projected an aggressive top-line expansion for the 2026 financial year, positioning itself to cross a monumental threshold with a targeted insurance revenue of N136.19bn.
The premium underwriter’s strategic targets were made public following an official regulatory filing submitted to the Nigerian Exchange Group.
The comprehensive financial forecast, which has received formal sign-off from the company’s Board of Directors, signals a high-conviction growth curve for the tier-one insurer.
According to the document, the robust revenue target is backed by an expected Profit Before Taxation of N26.89bn, culminating in a projected Profit After Tax of N23.93bn for the period ending 30 September 2026.
This bottom-line performance is anticipated despite heavy inflationary headwinds and rising insurance claims across the macroeconomic landscape.
“The board’s aggressive balance sheet expansion positions NEM Insurance to eclipse a historic N196.1bn asset milestone by mid-2026,” the document stated.
A granular analysis of the forecast statement
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