NEM Insurance targets N19.7 billion H1 profit as oil and gas estimates outpace motor

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Vicole

Active Member
Mar 9, 2026
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NEM Insurance Plc is projecting a profit after tax of N19.7 billion for the first half of 2026, translating to an estimated earnings per share of N3.95.

The projection represents a significant improvement from the N15.4 billion profit recorded in 2025, which itself marked growth from the N10.6 billion posted in 2024.

Performance is expected to be largely supported by strong insurance revenue projected at N102.4 billion, up from N75.4 billion reported in the first half of 2025, if realized.
Oil and gas insurance is expected to contribute N28 billion, followed by motor insurance at N27.2 billion and fire insurance at N18.1 billion, with other product lines accounting for the balance.
 
This is exactly the kind of 'Fundamental Growth' we should be looking for ahead of tomorrow's ₦10 Trillion liquidity surge.
While everyone is looking at the banks, insurance leaders like NEM are quietly compounding. Moving from ₦10.6B profit in 2024 to a projected ₦19.7B in 2026 is nearly a 100% growth in two years! This is a textbook example of the 'Algebra of Wealth'—finding a business with a strong moat and sticking with it. If they hit that ₦102.4B revenue target, they’ll be a top contender for the 'Dividend King' title this year. Who else is looking at Insurance as the 'hidden gem' of 2026?
 
Oil and Gas will be making money for the whole of 2026. The war in Iran will impact the market a whole lot that anyone can think off. Make sure you invest and invest now .
 
Vicole said:
NEM Insurance Plc is projecting a profit after tax of N19.7 billion for the first half of 2026, translating to an estimated earnings per share of N3.95.

The projection represents a significant improvement from the N15.4 billion profit recorded in 2025, which itself marked growth from the N10.6 billion posted in 2024.

Performance is expected to be largely supported by strong insurance revenue projected at N102.4 billion, up from N75.4 billion reported in the first half of 2025, if realized.
Oil and gas insurance is expected to contribute N28 billion, followed by motor insurance at N27.2 billion and fire insurance at N18.1 billion, with other product lines accounting for the balance.
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Nem is a good stock for the future ....
 
Little Princess said:
This is exactly the kind of 'Fundamental Growth' we should be looking for ahead of tomorrow's ₦10 Trillion liquidity surge.
While everyone is looking at the banks, insurance leaders like NEM are quietly compounding. Moving from ₦10.6B profit in 2024 to a projected ₦19.7B in 2026 is nearly a 100% growth in two years! This is a textbook example of the 'Algebra of Wealth'—finding a business with a strong moat and sticking with it. If they hit that ₦102.4B revenue target, they’ll be a top contender for the 'Dividend King' title this year. Who else is looking at Insurance as the 'hidden gem' of 2026?
Click to expand...
True. While banks get the spotlight, insurance leaders like NEM show steady, disciplined growth. For 2026, insurance could be the hidden gem for dividends and long-term wealth. Who else is watching it?
 
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