N.e.m. Insurance Company 2023 Annual Report

N.E.M. Insurance Company (Nigeria) Plc (NEM.ng) 2023 Annual Report

By Published On: June 4, 2024TYPE: Annual ReportsYear: 2023Period: Country: NigeriaSector: Insurance

N.E.M. Insurance Company (Nigeria) Plc (NEM.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released its 2023 annual report.

For more information about N.E.M. Insurance Company (Nigeria) Plc (NEM.ng) reports, abridged reports, interim earnings results and earnings presentations visit the N.E.M. Insurance Company (Nigeria) Plc (NEM.ng) company page on AfricanFinancials.

Indicative Share Trading Liquidity

The total indicative share trading liquidity for N.E.M. Insurance Company (Nigeria) Plc (NEM.ng) in the past 12 months, as of 1st June 2024, is US$1.38M (NGN1.33B). An average of US$115.19K (NGN110.71M) per month.

N.E.M. Insurance Company 2023 annual report

Company Profile

NEM Insurance Company (Nigeria) Plc offers all classes of life and non-life insurance products to the personal and corporate sectors in Nigeria. Personal products include travel, motoring, professional indemnity, goods in transit and fire and special perils. Products for small-to-medium businesses include cover for burglary, product liability, fidelity guarantee, personal/group personal accident, travel, money and motor insurance. Corporate products include cover for general business, marine, aviation, oil and gas, engineering, bonds and motor insurance. NEM Insurance Plc was established in 1948 as an agent for Edward Turner & Co.; became a Nigerian branch of NEM General Insurance Association Limited of London in 1965; and merged with Vigilant Insurance Company Limited to transact all classes of general insurance. The company has expanded its operations into the West Africa sub-region in 2009 through its subsidiary NEM Insurance (Ghana) Limited which subsequently merged with Regency Alliance to form Regency NEM Insurance (Ghana) Limited in 2016. The company’s head office is in Lagos, Nigeria. NEM Insurance Company (Nigeria) Plc is listed on the Nigerian Stock Exchange