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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Investments in Debt Securities	47,198	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	38,373	29,924	26,506	11,450	2,320	3,906
Total Investments	99,907	87,648	72,372	38,784	14,027	9,935
Cash & Equivalents	12,955	30,998	13,979	8,003	8,878	7,895
Reinsurance Recoverable	28,701	27,600	15,911	9,433	9,473	7,566
Other Receivables	7,199	4,550	1,968	977.31	1,275	1,838
Deferred Policy Acquisition Cost	-	-	-	-	-	1,031
Separate Account Assets	27,134	18,396	11,409	10,463	5,801	5,354
Property, Plant & Equipment	5,512	5,560	5,641	4,811	4,036	4,005
Other Intangible Assets	44.83	198.61	71.47	54.11	15.72	0.01
Restricted Cash	1,500	320	320	320	320	320
Other Current Assets	10,634	10,678	2,471	1,621	120.58	55.46
Long-Term Deferred Tax Assets	-	-	-	-	256.41	257.51
Long-Term Deferred Charges	83.49	90.43	89.41	-	-	-
Other Long-Term Assets	-0	-	-0	-0	-	-
Total Assets	193,669	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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accrued Expenses	2,504	4,302	3,245	789.95	606.5	696.42
Insurance & Annuity Liabilities	56,240	40,045	26,787	16,385	6,818	-
Unpaid Claims	24,163	27,282	15,543	8,900	7,856	5,888
Unearned Premiums	-	12,881	718.24	726.87	295.46	6,848
Reinsurance Payable	-	-	-	130.52	192.07	147.53
Current Income Taxes Payable	13,698	11,510	6,969	1,155	379.22	623.51
Long-Term Debt	-	-	-	1,558	-	-
Long-Term Leases	362.28	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	1,507	1,413	2,303	1,304	969.22	833.92
Other Long-Term Liabilities	0	3,247	0	-	0	-
Total Liabilities	99,099	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	Jun 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	86,785	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	94,570	84,221	65,370	38,494	27,016	22,909
Minority Interest	-	236.04	69.12	42.93	-	-
Shareholders' Equity	94,570	84,457	65,439	38,537	27,016	22,909
Total Liabilities & Equity	193,669	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	Jun 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	362.28	210.97	462.41	2,031	36	139.62
Net Cash (Debt)	12,592	30,787	13,516	5,972	8,842	7,756
Net Cash Growth	11.36%	127.77%	126.33%	-32.46%	14.00%	6.18%
Net Cash Per Share	2.51	6.14	2.69	1.19	1.76	1.55
Book Value Per Share	18.85	16.79	13.03	7.67	5.39	4.57
Tangible Book Value	94,525	84,023	65,299	38,440	27,000	22,909
Tangible Book Value Per Share	18.84	16.75	13.02	7.66	5.38	4.57
Land	991.9	991.9	991.9	763.43	763.43	672.2
Buildings	3,224	3,163	3,161	2,875	2,839	2,835
Machinery	2,294	2,367	1,801	1,504	1,102	891.64

Data Source: S&P Global Market Intelligence Last updated: Jun 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:

Aug 13, 2026

Data Sources Report a data error