Despite Nigeria’s challenging economic climate, a group of five companies listed on the Nigerian Exchange Limited (NGX) are projecting a combined N24.34bn profit after tax for 2025, signaling cautious optimism across key sectors.
The forecasts — filed by AIICO Insurance, SUNU Assurances, Prestige Assurance, Red Star Express, and Eterna Plc — point to an overall revenue expectation of N426.36bn and N45.92bn in operating cash flow, reflecting a push for stronger financial discipline in the year ahead.
Insurance Sector in the Driver’s Seat
With AIICO Insurance, SUNU Assurances, and Prestige Assurance accounting for the bulk of the earnings forecast, the reports reaffirm the insurance industry’s steady rise on the NGX. Together, these three insurers expect more than N23bn in profits, fueled by investment income, premium growth, and capital injections.
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AIICO Insurance Plc is leading the pack with N19.55bn in projected profit, backed by strong investment income of N51.76bn.
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SUNU Assurances expects a N1.56bn profit, supported by a planned N7bn capital raise.
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Prestige Assurance Plc projects N2.01bn profit, driven by insurance revenue of nearly N29bn.
Logistics and Energy Hold Ground
Outside insurance, Red Star Express Plc is aiming for N239.7m profit as it navigates Nigeria’s competitive logistics space, while Eterna Plc, in the downstream energy sector, projects N1bn profit on a hefty N243bn revenue base.
Why It Matters
The forecasts highlight two key trends shaping Nigeria’s corporate space in 2025:
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Insurance firms are cementing their place as growth drivers on the NGX, even in a tough macroeconomic environment.
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Logistics and energy companies are signaling resilience, banking on sector-specific demand to sustain performance.
For investors, the projections suggest that value in 2025 may tilt heavily toward insurance stocks, while logistics and oil-linked firms provide diversification opportunities.
