NEM Insurance Plc recently released its financial statements for the period ended Q1 March 31st 2018.
Here are the key highlights of the result;
Revenue
The company reported Gross Premium Written of ₦5.67 billion for the period ended March 2018 compared to ₦5.19 billion reported for the period ended March 2017. This represents a 9% increase for the comparative period in 2017.
Profit Before Tax
NEM Insurance Plc Profit before tax was ₦889.9 million for the period ended March 2018, a 24% increase from the ₦715.5 million reported for the period ended March 2017.
Profit After Tax
Profit after tax for the period ended March 2018 was ₦752 million compared to ₦605 million reported March 2017. This represented a 24% increase for the comparative period in 2017.