Stock NEM NEM INSURANCE PLC
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Company NEM Insurance Plc

Equities

NEM

NGNEM0000005

Property & Casualty Insurance

End-of-day quote Nigerian S.E.
Other stock markets
 06:00:00 2024-04-22 pm EDT 		5-day change 1st Jan Change
10.35 NGN 0.00% Intraday chart for NEM Insurance Plc -0.48% +64.29%
Jan. 30 NEM Insurance Plc Reports Earnings Results for the Full Year Ended December 31, 2023 CI
Jan. 30 NEM Insurance Plc Reports Earnings Results for the Fourth Quarter Ended December 31, 2023 CI

Business Summary

N.E.M. Insurance Plc is a non-life insurance group organized around 7 areas of activity:

- car insurance (28.5% of gross written premiums);

- fire insurance (22.7%);

- accident insurance (17.5%);

- oil and gas insurance (15.6%);

- marine insurance (13.8%);

- reinsurance (1.9%);

- agriculture insurance (0.3%).

All gross written premiums are in Nigeria.

Number of employees: 219

Sales per Business

NGN in Million2021Weight2022Weight Delta
Motor
39.3 %
8,212 39.6 % 9,325 39.3 % +13.55%
Fire
22.4 %
4,629 22.3 % 5,310 22.4 % +14.71%
General Accident
15.0 %
3,458 16.7 % 3,568 15.0 % +3.16%
Oil and Gas
11.6 %
2,575 12.4 % 2,752 11.6 % +6.88%
Marine
11.4 %
2,411 11.6 % 2,701 11.4 % +11.99%
Agriculture
0.2 %
-525 -2.5 % 57 0.2 % -110.84%

Sales per region

NGN in Million2021Weight2022Weight Delta
Nigeria
100.0 %
20,761 100.0 % 23,712 100.0 % +14.22%

Managers

Managers TitleAgeSince
Andrew Ikekhua CEO
 Chief Executive Officer - 89-12-31
Idowu Semowo DFI
 Director of Finance/CFO - 07-11-30
Tope Smart CHM
 Chairman - 06-12-31
Olayinka Ojikutu HRO
 Human Resources Officer - 21-03-31
Ebun Ayeni SAM
 Sales & Marketing - 00-12-31
Olajumoke Philip-Akede SEC
 Corporate Secretary - -
Adeyemi Mayadenu PRN
 Corporate Officer/Principal - -
James Onorienbohwo AUD
 Comptroller/Controller/Auditor - 05-11-30
Mojisola Teluwo PRN
 Corporate Officer/Principal - -

Members of the board

Members of the board TitleAgeSince
Papa Ndiaye BRD
 Director/Board Member - -
Tope Smart CHM
 Chairman - 06-12-31
Olayinka Aletor BRD
 Director/Board Member - 10-10-10
Kelechi Okoro BRD
 Director/Board Member - 18-12-31
Andrew Ikekhua CEO
 Chief Executive Officer - 89-12-31
Yakasai Ahmed BRD
 Director/Board Member - 16-05-16
Ede Dafinone BRD
 Director/Board Member - 16-11-30
Joy Teluwo BRD
 Director/Board Member - -

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 5,016,477,767 4,966,312,989 ( 99.00 %) 0 99.00 %

Company contact information

NEM Insurance Plc

NEM House 199, Ikorodu Road

110102, Lagos

+234 1 448 9560

http://www.nem-insurance.com
address NEM Insurance Plc(NEM)

Sector

Financials
Insurance
Insurance
Property & Casualty Insurance
Other Property & Casualty Insurance

Sales per Business

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
10.35 NGN
Average target price
6.17 NGN
Spread / Average Target
-40.39%
Consensus

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