NEM Insurance Plc (NGX:NEM)

NEM Insurance Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Investments in Debt Securities	48,815	47,131	42,071	24,905	9,839	4,237
Investments in Equity & Preferred Securities	7,453	3,712	64.43	75.22	53.73	84.88
Other Investments	40,504	29,924	26,506	11,450	2,320	3,906
Total Investments	103,654	87,648	72,372	38,784	14,027	9,935
Cash & Equivalents	12,248	30,998	13,979	8,003	8,878	7,895
Reinsurance Recoverable	28,574	27,600	15,911	9,433	9,473	7,566
Other Receivables	9,717	4,550	1,968	977.31	1,275	1,838
Deferred Policy Acquisition Cost	-	-	-	-	-	1,031
Separate Account Assets	31,979	18,396	11,409	10,463	5,801	5,354
Property, Plant & Equipment	5,366	5,560	5,641	4,811	4,036	4,005
Other Intangible Assets	50.64	198.61	71.47	54.11	15.72	0.01
Restricted Cash	1,500	320	320	320	320	320
Other Current Assets	11,076	10,678	2,471	1,621	120.58	55.46
Long-Term Deferred Tax Assets	-	-	-	-	256.41	257.51
Long-Term Deferred Charges	57.64	90.43	89.41	-	-	-
Other Long-Term Assets	-0	-	-0	-0	-	-
Total Assets	204,221	186,040	124,232	74,468	44,201	38,257

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accrued Expenses	2,058	4,302	3,245	789.95	606.5	696.42
Insurance & Annuity Liabilities	53,097	40,045	26,787	16,385	6,818	-
Unpaid Claims	28,683	27,282	15,543	8,900	7,856	5,888
Unearned Premiums	-	12,881	718.24	726.87	295.46	6,848
Reinsurance Payable	1.56	-	-	130.52	192.07	147.53
Current Income Taxes Payable	14,240	11,510	6,969	1,155	379.22	623.51
Long-Term Debt	-	-	-	1,558	-	-
Long-Term Leases	301	210.97	462.41	473.24	36	139.62
Long-Term Deferred Tax Liabilities	624.65	626.13	2,724	4,508	3.69	10.39
Other Current Liabilities	1,960	1,413	2,303	1,304	969.22	833.92
Other Long-Term Liabilities	-	3,247	0	-	0	-
Total Liabilities	100,966	101,582	58,793	35,930	17,186	15,348

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	5,016	5,016	5,016	5,016	5,016	5,016
Retained Earnings	95,471	76,437	57,621	31,416	19,900	15,749
Comprehensive Income & Other	2,768	2,768	2,733	2,062	2,099	2,144
Total Common Equity	103,256	84,221	65,370	38,494	27,016	22,909
Minority Interest	-	236.04	69.12	42.93	-	-
Shareholders' Equity	103,256	84,457	65,439	38,537	27,016	22,909
Total Liabilities & Equity	204,221	186,040	124,232	74,468	44,201	38,257

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Filing Date Shares Outstanding	5,016	5,016	5,016	5,016	5,016	5,016
Total Common Shares Outstanding	5,016	5,016	5,016	5,016	5,016	5,016
Total Debt	301	210.97	462.41	2,031	36	139.62
Net Cash (Debt)	11,947	30,787	13,516	5,972	8,842	7,756
Net Cash Growth	56.42%	127.77%	126.33%	-32.46%	14.00%	6.18%
Net Cash Per Share	2.38	6.14	2.69	1.19	1.76	1.55
Book Value Per Share	20.58	16.79	13.03	7.67	5.39	4.57
Tangible Book Value	103,205	84,023	65,299	38,440	27,000	22,909
Tangible Book Value Per Share	20.57	16.75	13.02	7.66	5.38	4.57
Land	991.9	991.9	991.9	763.43	763.43	672.2
Buildings	3,261	3,163	3,161	2,875	2,839	2,835
Machinery	2,898	2,367	1,801	1,504	1,102	891.64

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 4, 2026

Data Sources Report a data error