BY NKECHI NAECHE-ESEZOBOR—Underwriting firm, Linkage Assurance Plc has released its unaudited financial results for the first quarter ended March 31, 2026, posting a sharp surge in profitability despite a challenging operating environment.

The standout highlight is the company’s profit after tax (PAT), which soared by 748 percent to N6.25 billion, up from N736.3 million in the corresponding period of 2025. Similarly, profit before tax (PBT) jumped by 689 percent to N6.57 billion, compared to N833.2 million a year earlier.

This remarkable performance signals a decisive turnaround in bottom-line growth and positions Linkage Assurance among the standout performers in Nigeria’s insurance sector for the quarter under review.

A closer look at the results reveals a significant surge in investment and other income, which rose by 425 percent to N8.60 billion from N1.64 billion in the prior year. This underscores the company’s ability to navigate its operating environment and capitalise on market opportunities.

Insurance revenue for the period recorded a modest increase of 6 percent to N6.40 billion. However, insurance service expenses rose by 73 percent, reflecting the company’s readiness to meet claims obligations promptly and reinforce customer trust.

Linkage Assurance also strengthened its financial position during the period, with a more robust balance sheet as total assets grew by 13 percent to N87.27 billion from N76.9 billion, driven by increased investment holdings and business expansion.

Commenting on the results, Daniel Braie, Managing Director/CEO of Linkage Assurance Plc, said the company is strategically positioned to deepen customer confidence through quality service delivery and prompt claims settlement.

“What we have promised as an insurer is to be there for our customers when they need us. That is why we prioritise claims and ensure they are delivered promptly,” he said.

He expressed optimism about the company’s outlook for the coming quarters, noting that it remains well-positioned to sustain strong market performance and deliver value to stakeholders.

Management’s 2026 theme of “Consolidation” underscores a deliberate focus on balancing growth with operational efficiency. The company is prioritising expansion in profitable segments, operational and financial excellence, digital transformation, product innovation, and enhanced customer experience.

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