NEM Declares N3.52bn PAT in Q4 2019 Results, (SP:N2.20k)


Thursday, January 30, 2020 / 1:16 PM / NSE / Header Image Credit: Nem Insurance

NEM Insurance Plc released its Q4 2019 results for the period ended December 31st, 2019.

Key Highlights

  • Gross Premium grew by 30.75% to N19.68bn from N15.05bn in the previous quarter.

  • Profit before tax grew by 54.34% to N4.16bn.

  • Profit after tax grew by 73.97% to N3.52bn.

  • Net Assets also grew by 22.76% to N15.26bn from N12.43bn.

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