NEM Insurance Plc has reported a total of N41.46 billion in gross claims paid across its various business segments for the financial year ended December 31, 2025.
The figure was disclosed in the group’s audited annual report submitted to the Nigerian Exchange Group on Tuesday.
The report showed that the parent company’s claims payout rose significantly from N24.24 billion in 2024 to N41.46 billion in 2025.
Details from the audited financial statements indicated that the motor insurance segment recorded the highest claims payout, accounting for N13.00 billion of the total claims paid during the year.
Fire insurance followed with claims amounting to N9.04 billion, while the oil and gas segment recorded N7.01 billion in claims payments. General accident insurance also posted a payout of N6.73 billion.
