Linkage Assurance Plc recorded a 24 per cent rise in insurance revenue to ₦27.6 billion for the 2025 financial year from ₦22.2 billion in 2024, the company said in its unaudited results filed with the Nigerian Exchange (NGX) and made available to investors and shareholders.
The underwriting firm’s insurance service result, a key measure of core underwriting performance, more than doubled to about ₦1.7 billion in 2025 from ₦766.9 million in the previous year, showcasing stronger operational momentum amid evolving market conditions.
According to the company, the improved performance was driven by a ₦5 billion increase in insurance revenue and enhanced reinsurance optimisation, which contributed to broader expansion in both top‑line and underwriting results.
Linkage Assurance’s profit before tax (PBT) for the year stood at ₦4.32 billion, while profit after tax (PAT) was ₦4.02 billion, underscoring sustained profitability in a competitive insurance market.
The company said its strategic theme for 2025, “Consolidation,” guided operational priorities across four pillars: business growth, operational excellence, financial excellence, and customer and people development. “Our theme for 2025 was Consolidation, and that informed our strategic intent across four pillars,” the company said in a statement.
This performance reflects an industry trend of growing insurance penetration and stronger underwriting discipline among Nigerian insurers, which market analysts say is essential for sustaining sector resilience and deepening financial intermediation. The results come as competition in core insurance product lines, including motor, marine, and corporate portfolios, remains robust.
Linkage Assurance’s revenue growth contrasts with broader insurance sector dynamics in recent years, where leading firms have reported varying degrees of premium expansion and underwriting outcomes amid economic headwinds and regulatory reforms aimed at strengthening industry fundamentals.
Industry observers note that enhanced reinsurance optimisation and risk selection can improve service results and profitability, while strategic digital initiatives in customer engagement may support longer‑term revenue diversification.
The firm said it will continue to execute its strategy to increase market share, improve customer experience and leverage technology to reinforce its competitive position in Nigeria’s insurance industry.
Linkage Assurance’s 2025 results underscore a sustained growth trajectory for the company, contributing to its role in Nigeria’s evolving financial services landscape and signaling investor confidence in its strategic direction.
