By NEM Insurance Plc recorded a remarkable financial performance in 2024, doubling its revenue to N108 billion from N52.11 billion in 2023.
The company also increased its claims payments, settling N23 billion for policyholders who suffered insured risks, a significant rise from the N15.7 billion paid in 2023.
In a statement, NEM reaffirmed its commitment to supporting customers, ensuring they recover from losses and continue their businesses.
Despite a challenging economic environment, the company posted over N20 billion in profits, demonstrating its resilience and operational efficiency.
The insurer also reported a robust balance sheet, now exceeding N100 billion, solidifying its position as a leading player in the industry.
With strong revenue growth, improved claims settlements, and increased profitability, NEM’s 2024 performance reflects its ability to navigate economic uncertainties and deliver value to stakeholders.
