NEM Declares N1.1bn PAT in Q1 2020 Result,(SP:N2.16k)


Tuesday, May 12 2020  / 9:55 PM / NSE / Header Image Credit: Nem Insurance

NEM Insurance Plc released its Q1 2020 Unaudited results for the period ended March 31st, 2020.

Key Highlights

  • Gross Premium grew by 16.4% to N7.9bn from N6.8bn in the previous quarter.

  • Profit before tax grew by 24.6% to N1.3bn.

  • Profit after tax grew by 24.5% to N1.1bn. 

  • Net Assets also grew by 7.5% to N15.1bn from N14.1bn.

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