Linkage Assurance Plc has reported a significant acceleration in profitability for the first half of 2026, with profit after tax rising 74% to N3.11 billion.
The Nigerian insurance company delivered the results despite what it described as a challenging business environment, highlighting operational resilience amid broader economic headwinds.
Star Health and Allied Insurance recently posted a 44% increase in normalized profit for its first quarter, while HDFC Life Insurance saw a more modest 12% rise in net profit.
The strong earnings performance underscores the insurer's ability to maintain growth momentum even as sector-wide pressures persist.
The 74% year-on-year increase in net profit suggests effective cost management and potentially improved underwriting discipline, key metrics for investors monitoring the Nigerian financial services sector.
This result comes as other regional insurers also report mixed performance trends.
Star Health and Allied Insurance recently posted a 44% increase in normalized profit for its first quarter, while HDFC Life Insurance saw a more modest 12% rise in net profit.