The insurer said total group assets rose to N186.04bn in 2025 from N124.23bn recorded in 2024.
In a statement issued on Monday in Lagos, the company described the performance as a reflection of sustained expansion.
The statement said, “At the group level, total assets rose significantly by N61.81bn to N186.04bn in 2025.
“This growth reflects the company’s continued expansion and strengthened investment base.”
Group liabilities also increased during the period, rising to N101.58bn from N58.79bn in the previous year.
The company attributed the increase to stronger underwriting activities and growing financial obligations across its operations.
Total equity climbed to N84.46bn, compared with N65.44bn recorded in 2024.
The growth, according to the insurer, reflects improved shareholder value and stronger capital positioning.
Group revenue also posted significant growth, rising to N173.04bn from N121.6bn.
The company said improved premium generation and stronger investment returns supported the revenue expansion.
In spite of stronger earnings growth, profitability declined during the review period.
Profit before tax fell to N27.98bn from N33.7bn recorded in 2024 while profit after tax also declined to N23.9bn from N29.24bn in the previous year.
At the parent company level, the insurer also recorded significant balance sheet growth as total assets rose to N178.59bn from N121.93bn in 2024.
Liabilities increased to N94.59bn, compared with N56.49bn recorded a year earlier.
Revenue at the parent company rose to N165.72bn from N119.88bn.
The company said the growth reflected sustained business expansion and improved operational performance.
However, parent company profitability also moderated during the year. Profit before tax declined to N27.56bn from N33.52bn in 2024.
Profit after tax dropped to N23.55bn from N29.08bn in the corresponding period.
Commenting on the results, the company said, “The performance demonstrates resilience and strong market positioning.”
It added that revenue growth and asset expansion were achieved despite economic and industry pressures.
The insurer reaffirmed its commitment to delivering shareholder value and strengthening underwriting capacity.
It also pledged to sustain growth through innovation and customer-focused insurance solutions.