NEM Insurance Plc

NEM Insurance Plc is one of Nigeria's established general insurance companies, listed on the Nigerian Exchange under the symbol NEM. The company underwrites a broad range of non-life insurance products including motor, fire and special perils, marine, engineering, oil and gas, liability, and bond insurance. NEM Insurance has a reinsurance subsidiary — NEM Re — which participates in the Nigerian and African reinsurance market. The group is regulated by the National Insurance Commission (NAICOM) and is a member of the Nigerian Insurers Association. NEM is regarded as one of the better-capitalised independent general insurers on the NGX.

NEM Insurance underwrites general insurance risks across motor (compulsory third-party and comprehensive), property (fire and special perils), marine cargo and hull, engineering and construction risks, oil and gas upstream and downstream risks, employers' liability, and bond and financial guarantee insurance. The NEM Re subsidiary writes inward reinsurance from primary insurers across Nigeria and other African markets — accepting a portion of risks that primary insurers seek to lay off. Investment income from the group's bond and equity portfolio contributes to overall group earnings alongside underwriting results.

NEM Insurance is a pure-play general insurance company that offers exposure to Nigerian non-life premium growth, including the specialist oil and gas insurance segment. Investors researching NEM shares are typically interested in Nigerian insurance sector exposure with a focus on corporate and commercial lines, or in an insurer that also participates in the African reinsurance market through its NEM Re subsidiary.

• Review the official NGX company profile for NEM to confirm listing status, current capital base, and recent corporate announcements including any rights issues or NAICOM-directed recapitalisation actions.
• Read NEM Insurance's most recent annual report to understand gross written premium by product line, loss ratios by class, the performance of NEM Re, and the investment portfolio composition.
• Assess the Nigerian general insurance market context — NAICOM compulsory insurance drives, oil and gas insurance cycles, and the overall low insurance penetration rate — as structural growth drivers for general insurers.

• Underwriting risk: large losses in motor, oil and gas, or property classes can exceed premium income in adverse periods. A single large oil and gas or property claim can materially affect annual results.
• Reinsurance credit risk: NEM Re and NEM Insurance itself rely on reinsurers to absorb large or catastrophic losses. Default by a reinsurer on a claim payment is a risk, particularly for smaller or less-rated reinsurers.
• Regulatory capital risk: NAICOM periodically revises minimum capital requirements. Capital shortfalls require rights issues or retained earnings, which can limit dividend availability.
• Investment portfolio risk: bond and equity investments backing insurance liabilities are subject to market risk and credit events.
• The value of shares can rise or fall. Past performance of NEM is not a guide to future returns.

NEM Insurance has historically declared dividends subject to underwriting profitability and NAICOM solvency requirements. Dividend levels vary with the annual underwriting cycle. Review the most recent NGX corporate action announcements and NEM Insurance annual reports for current dividend information.

Open a free account, pick NEM Insurance Plc and an amount from ₦10,000 a month. We buy through a SEC-regulated broker at the next market open and register the shares in your legal name at the CSCS. Pause or change the amount any month.