Empresa Moçambicana de Seguros (EMOSE), Mozambique’s state-owned insurer, reported a near-total collapse in profitability for 2025, with net profit falling 94.5% to just 20.2 million meticais (€274,000).
The figure represents a steep drop from the 368.1 million meticais (€5 million) recorded in the previous year, signaling severe pressure on the national insurance market.
The deterioration at EMOSE aligns with a wider contraction in Mozambique’s financial services sector.
Earlier this year, the central bank, Caixa de Moçambique (CFM), disclosed a 22.7% decline in its own net profit for 2025, posting 1.994 billion meticais (€30.9 million) against 2.580 billion meticais (€40 million) in the prior year.
The central bank’s results highlighted mounting operational and economic headwinds affecting state-linked financial institutions.
Broader banking data reinforces the negative trend.