NEM Insurance has announced that it paid a total of N41.46 billion in claims to its customers in 2025. This figure shows a big increase from the previous year and covers different types of insurance policies.

The news highlights the company’s growing role in supporting policyholders across Nigeria.

The company revealed the claims payout in its audited financial report for the year ended December 31, 2025. Motor insurance recorded the highest amount with N13 billion, followed by fire insurance at N9.04 billion. Other major segments included oil and gas with N7.01 billion and general accident with N6.73 billion.

This strong claims settlement demonstrates NEM Insurance’s commitment to meeting its obligations. Many customers rely on insurance companies to pay claims quickly when they face losses from accidents, fires, or other risks.
Timely payments help build trust in the insurance sector.

Industry observers say efficient claims payment is key to growing insurance in Nigeria. With this performance, NEM Insurance has also received an improved credit rating, which shows its financial strength and ability to continue supporting its customers.

This development serves as a reminder of the important role insurance plays in protecting businesses and individuals. As more Nigerians embrace insurance, companies like NEM are expected to maintain high standards in claims handling and service delivery. Many hope this will encourage greater confidence in the sector.