Linkage Assurance profit rises 31% to ₦4.09bn as assets cross ₦100bn

Linkage Assurance Plc made a profit after tax of ₦4.09bn in the nine months to September 2026, up 31 per cent from ₦3.12bn in the same period last year, according to its unaudited results filed with the Nigerian Exchange Limited.

Profit before tax rose 29 per cent to ₦4.32bn from ₦3.34bn, the company said.

The insurer's total assets climbed 31 per cent to ₦100.83bn as of September 30, 2026, from ₦76.90bn at the end of December 2025.

For an ordinary policyholder, the numbers matter in two places: how quickly claims get paid, and what cover costs. Linkage paid out ₦5.59bn in gross claims during the period, up from ₦4.02bn a year earlier, as claims and other insurance costs rose.

Insurance revenue grew six per cent to ₦20.55bn from ₦19.30bn.

Where the profit came from

Much of the gain came from outside the core insurance business. Investment and other income rose 27 per cent to ₦7.71bn from ₦6.05bn, and that helped cushion the higher claims.

Managing Director and CEO Daniel Braie said the company's 2026 focus is on consolidation, with emphasis on business growth, operational excellence, financial excellence, and customer and people development.

He said the strategy would guide efforts to raise market share in profitable segments while improving customer experience in a competitive market.

Braie also pointed to technology and digital transformation as key to growth, especially for direct and personal insurance customers.

On motor insurance, he said Linkage would offer different options based on a customer's risk exposure and their willingness and ability to pay.

What happens next

The results come as Nigeria's insurance industry adjusts to the recapitalisation exercise, which has raised expectations for stronger underwriting capacity, faster claims settlement and more sustainable growth.

Linkage's nine-month figures are unaudited. Shareholders and analysts will look to the full-year results for confirmation of the trend.