NEM Insurance Plc in the First Quarter of 2022 reported significant growth in its top line and bottom line figures.
The underwriting firm reported Gross Premium Written of N12.709 billion for the 3 months period, up by 26.93% from N10.013 billion reported the previous year.
Profit after tax grew year on year by 41.49% to N1.55 billion from N1.09 billion reported in Q 2021.
Earnings per share of NEM Insurance increased to 31 kobo from the EPS of 22 kobo achieved the previous year.
At the share price of N4, the P/E ratio of NEM Insurance stands at 12.99x with earnings yield of 7.70%.