Profit before tax fell to N27.98 billion from N33.7 billion in 2024, while profit after tax also declined to N23.9 billion from N29.24 billion in the previous year.
The stock market closed on Thursday on a negative note, with investors losing N1.92 trillion amid sell-offs in banking and cement stocks.
In the report, NEM Insurance Plc maintained its leadership position, recording the highest motor insurance premiums in 2024.
Mr Ikekhua said the company would continue to invest in its people and systems to enhance operational efficiency and customer satisfaction.
NEM Insurance Plc has restated its commitment to supporting its policyholders in achieving their goals and aspirations.
