Deborah Ndinorouba
Linkage Assurance Plc grew its revenue after tax(PA) by 31 per cent to N4.09 billion in the 9 months ended September 2026, whereas its whole belongings climbed to N100.8 billion, reflecting progress in its monetary place regardless of a difficult working setting.
The insurer’s unaudited monetary outcomes filed with the Nigerian Exchange (NGX) confirmed that PAT elevated from N3.12 billion recorded in 2025 to N4.09 billion in 2026.
Profit earlier than tax additionally rose by 29 per cent to N4.32 billion, in contrast with N3.34 billion in the identical interval final 12 months.
The progress in profitability was largely supported by funding and different earnings, which rose 27 per cent to N7.71 billion from N6.05 billion a 12 months earlier, serving to the corporate handle rising claims and different insurance-related prices throughout the evaluate interval.
Insurance income elevated by six per cent to N20.55 billion from N19.30 billion, reflecting progress in the corporate’s insurance coverage enterprise, whereas the corporate continues to satisfy its obligation to clients as mirrored in gross claims pay out of N5.59 billion throughout the nine-month interval, in contrast with N4.02 billion in the corresponding interval of 2025.
On the stability sheet, the insurer recorded stronger progress, with whole belongings growing by 31 per cent to N100.83 billion as of September 30, 2026, in contrast with N76.90 billion on the finish of December 2025.
In its outlook, Linkage Assurance stated its strategic focus for 2026 was centred on consolidation, with emphasis on enterprise progress, operational excellence, monetary excellence, and buyer and folks improvement.
Commenting, Managing Director/CEO, Linkage Assurance Plc, Daniel Braie, stated the corporate’s technique would information its efforts to extend market share in worthwhile enterprise segments whereas enhancing buyer expertise in an more and more aggressive insurance coverage market.
He additionally recognized know-how and digital transformation as necessary parts of its progress technique, significantly in enhancing services and products for direct and private insurance coverage clients.
Braie stated: “ Linkage would offer customers different motor insurance options based on their risk exposure, willingness and ability to pay, while continuing its brand awareness and customer value initiatives.”
Linkage Assurance’s nine-month efficiency comes as Nigeria’s insurance coverage business enters a brand new section following the recapitalisation train, which has elevated expectations for stronger underwriting capability, improved claims settlement and extra sustainable enterprise progress.
