Linkage Assurance revenue grows by 18%
Linkage Assurance Plc says it grew revenue by 18 per cent in Q1 2025, rising from N5.1 billion in 2024 to N6.1 billion.
This was disclosed in a corporate filing submitted through the Nigerian Exchange Ltd. on Tuesday.
The company’s insurance result improved significantly, with a gain of N292.7 million as of March 2025, compared to a N683.3 million loss last year.
Profit before tax increased by 8 per cent to N829 million in March 2025, from N769 million recorded in the previous year.
Total assets rose by 6 per cent from N65.677 billion in Q1 2024 to N69.597 billion.
The report stated that Linkage Assurance Plc “remains committed to employee work-life balance” and reducing operational costs.
It added, “To support this, we introduced a Work-from-Home (WFH) model, adopting a hybrid work arrangement.
“As a company, we shall keep refining our strategy in alignment with our 2025 theme and objectives.
“Our 2025 theme is ‘Consolidation’, guiding our strategy across four pillars: Business Growth, Operational Excellence, Financial Excellence, and Customer & People.”
(NAN)
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