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SUNU Assurances Nigeria has released its year-end forecasts for 2025. The insurer anticipates a 56.8% drop in net profit, falling to 1.6 billion NGN (1.07 million USD) from 3.7 billion NGN (2.4 million USD) in 2024.
Pre-tax profit is expected to decrease by 46.5%, from 4.3 billion NGN (2.8 million USD) in 2024 to 2.3 billion NGN (1.5 million USD) in 2025.
The decline in profitability is primarily attributed to projected foreign exchange losses and a significant rise in net expenses related to reinsurance treaties.
As of 31 December 2025, gross written premiums under IFRS 4 are projected to grow by 32.9%, reaching 17.3 billion NGN (11.5 million USD), compared to 13.03 billion NGN (8.4 million USD) at the end of the previous financial year.
Under IFRS 17, insurance revenue is expected to rise by 7.2% to 16.4 billion NGN (10.9 million USD), up from 15.3 billion NGN (9.9 million USD) recorded twelve months earlier.
