NEM Insurance Plc declares 22 kobo as final dividend, reports N4.43bn as profit in FY 2021

NEM Insurance on Tuesday declared a final dividend of 22 kobo for the year end 31 December 2021.

The underwriting firm for the 12 months period reported a turnover of N27.875 billion, up by 26.5% from N22.036 billion reported the previous year.

Profit after tax was down year on year by 12.83% to N4.432 billion from N5.085 billion reported in FY 2020.

Earnings per share of the Company stands at 88 kobo, down by 12.83% from the EPS of N1.01 achieved the previous year.

At the share price of N4.04, the P/E ratio of NEM Insurance stands at 4.57x with earnings yield of 21.87%.

Qualification date for the proposed divided is 29th of April 2022. Closure of Register is May 2 to May 6, 2022. Payment date is on Thursday 19th May 2022.

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