Nem Insurance on Friday 27th October, 2023 published its third quarter report for the period ended 30th September, 2023 on the website on the Nigerian Stock Exchange. The report shows a growth in revenue of N53.6 billion, up by 86.82% when compared with reported revenue of N28.7 in the third quarter of 2023.

Profit after tax grew to N5.21 billion from N3.95 billion reported in Q3’22, implying a jump of 31.67%.

The earnings per share (EPS) of the firm soared to N1.04 from N0.79 reported in the third quarter of 2022, with reference to the share price of N5.05, the P.E ratio of NEM INSURANCE is calculated to 4.87x with earnings yield of 20.55%.