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Nem Insurance Plc (Nigeria)

Main Activities: Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Nem Insurance Plc Profile Updated: October 29, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

NEM Insurance is an insurance provider in Nigeria. The company offers insurance coverages, including motor, travel, home protection, agric, marine, aviation, engineering, and oil & gas. NEM Insurance serves millions of customers and operates through a network of branches and service outlets. It is also the lead underwriter for oil and gas in Nigeria and provides insurance coverage for all risks for Nigeria's largest oil companies. The company is known for its prompt and efficient services, client relations programs, and the development of new products to meet the changing needs of the insuring public.

Headquarters
Nem House, 199, Ikorodu Road, Obanikoro, P.O.Box 654
Lagos; Lagos;

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Website: http://www.nem-insurance.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1970
Key Executives
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Chairman
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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46.46%
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29.9%
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7.26%
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6.98%
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6.38%
Subsidiaries
Nem Asset Management Ltd
100%
Company Performance
Financial values in the chart are available after Nem Insurance Plc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency NGN. Absolute financial data is included in the purchased report.
Net insurance premium revenue
-85.53%
Operating profit (EBIT)
-89.75%
Net Profit (Loss) for the Period
-97.5%
Total assets
60.88%
Investments
-55.51%
Receivables
-99.98%
Total equity
58.83%
Net Premiums Earned Trend
N/A
Net Profit Trend
N/A
Return on Equity (ROE)
-11.81%
Loss Ratio
-71.06%
Underwriting Expenses Ratio
-9.36%

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