Linkage Assurance PBT slides to N4 billion as insurance revenue rises
Linkage Assurance Plc on Thursday reported a profit before tax of N4.32 billion for its unaudited 2025 financial year, down from N5.28 billion recorded in 2024.
This was disclosed by the company in a corporate filing with the Nigerian Exchange Ltd. on Thursday.
The company’s profit after tax also fell to N4.02 billion from N5.5 billion in the previous year, despite growth in the company’s core insurance operations.
Insurance revenue rose by 24 per cent to N27.6 billion in 2025, up from N22.2 billion in 2024.
The insurance service result increased to N1.7 billion from N766.9 million, driven by a N5 billion rise in revenue and improved reinsurance optimisation.
The company’s total assets grew to N70.2 billion from N65.7 billion, reflecting continued expansion in its operations.
The results underscored sustained momentum in core operations and enhanced service delivery across its insurance portfolios.
(NAN)
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