NEM Insurance PIc has reported a N41.46 billion in gross claims paid across its various lines of business for the financial year ended December 31, 2025, reflecting its sustained commitment to policyholder obligations.
The figure was disclosed in the Group’s audited annual report for the year ended December 31, 2025, submitted to the Nigerian Exchange Group (NGX). The figures showed that the parent company paid N41.46 billion in 2025 from N24.24 billion in 2024.
Details from the audited financial statements showed that the highest claims payout was recorded in the motor insurance segment, which accounted for N13.00 billion of the total claims paid during the period.
Fire insurance followed with claims amounting to N9.04 billion, while the oil and gas segment recorded N7.01 billion in claims payments. General accident insurance also posted a significant payout of N6.73 billion.
In the marine segment, NEM Insurance paid N3.77 billion in claims, while
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