Revenue by Segment

Financials in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Assurance Business - Mutual Plc Nigeria	56.02B	40.49B	22.20B	15.92B	9.60B
Assurance Business - Mutual Plc Nigeria Growth	38.36%	82.38%	39.47%	65.86%	7.60%
Assurance Business - Mutual Ltd Nigeria	18.09B	19.66B	14.76B	11.97B	6.23B
Assurance Business - Mutual Ltd Nigeria Growth	-7.98%	33.21%	23.35%	92.15%	-46.42%
Assurance Business - Mutual Niger	13.66B	12.60B	5.07B	3.36B	2.79B
Assurance Business - Mutual Niger Growth	8.39%	148.59%	51.07%	20.40%	48.84%
Assurance Business - Mutual Liberia	2.18B	3.33B	1.79B	590.91M	865.04M
Assurance Business - Mutual Liberia Growth	-34.63%	85.75%	203.25%	-31.69%	24.46%
Real Estate Mutual Homes	-	-	1.61M	-43.10M	-
Microfinance Mutual Microfinance	592.43M	872.32M	593.63M	572.96M	95.71M
Microfinance Mutual Microfinance Growth	-32.09%	46.95%	3.61%	498.63%	199.38%
Elimination Adjustment	-	646.00K	2.23M	-101.93M	-3.00K
Elimination Adjustment Growth	-	-70.98%	-	-	-
Total	90.53B	76.95B	44.42B	32.26B	19.57B
Total Growth	17.66%	73.24%	37.70%	64.82%	-15.43%

Source: S&P Global Market Intelligence.