NEM Insurance Plc
NNSENG:NEM28.00
NGN
0.00
(0.00%)
ISIN
NGNEM0000005
Return %
Stock
S&P 500
1Y
-0.36
14.20
3Y
460.00
81.12
5Y
629.17
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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- CEO
- Andrew M. Ikekhua
- Full Time Employees
- 279
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Lagos Nigeria
- IPO Date
- Aug 16, 1995
- Website
- nem-insurance.com
- Similar Companies
- Business
- NEM Insurance Plc is a Nigeria-based insurance and financial services company that underwrites life and non-life risks for individual, commercial, and institutional clients. The company operates through two primary divisions: Non-Life (General) Insurance and Life Assurance. Its Non-Life portfolio encompasses Motor Insurance, including comprehensive, third-party, and commercial vehicle policies; Fire and Special Perils Insurance, covering property damage, business interruption, and industrial all-risks; Marine and Aviation Insurance, comprising marine cargo, marine hull, and aviation liabilities; General Accident Insurance, offering burglary, goods-in-transit, money insurance, fidelity guarantee, personal accident, public liability, and professional indemnity cover; Engineering Insurance, providing contractors' all-risks, erection all-risks, machinery breakdown, and electronic equipment coverage; Oil and Gas Insurance, covering upstream, midstream, and downstream energy assets; and Agricultural Insurance, protecting multi-peril crops, livestock, poultry, fish farming, and farm assets. Its Life Assurance division provides individual and group life products, including term assurance, whole life, endowment plans, mortgage protection, credit life, group life assurance, educational endowment schemes, and annuities. In addition to core underwriting, the company offers health maintenance organization (HMO) services through its subsidiary NEM Health Limited, asset management via NEM Asset Management Limited, and international non-life underwriting in West Africa through RegencyNem Insurance (Ghana) Limited. Headquartered in Lagos, Nigeria, NEM Insurance Plc was established in 1948 through Edward Turner and Company, incorporated in Nigeria in 1970, and listed on the Nigerian Stock Exchange in 1990. In recent developments, the company has accelerated its digital transformation by upgrading its e-insurance retail portals, launching mobile self-service applications, and deploying automated claims processing systems to enhance customer onboarding and retail distribution. Furthermore, NEM Insurance Plc has expanded its bancassurance and fintech distribution partnerships to broaden retail penetration, scaled its specialized agricultural and micro-insurance offerings, and strengthened its risk-based capital base in alignment with regulatory compliance standards set by the National Insurance Commission (NAICOM).