The Nigerian insurance sector is poised for a robust start to 2026, with major insurers projecting an impressive combined Profit After Tax of N10.59 billion in the first quarter.

These promising financial projections come from detailed company filings with the Nigerian Exchange Group, revealing substantial growth and strategic performance across key insurance providers.

AIICO Insurance Plc emerges as the sector's standout performer, anticipating a remarkable N5.06 billion profit after tax. The company's strong results stem from an impressive insurance service result of N3.26 billion and a substantial net investment income of N20.85 billion. Their financial strategy is further bolstered by a projected net cash increase of N4.87 billion, bringing their closing cash balance to an impressive N24.08 billion.

AXA Mansard Insurance Plc is also showing significant financial strength, projecting a profit after tax of N3.60 billion. The company's robust performance is supported by insurance revenue of N47.18 billion and net investment income of N5.42 billion. Despite investment outflows of N7.02 billion, AXA Mansard maintains a solid cash position of N9.20 billion at the quarter's end.

Regency Alliance Insurance Plc contributes to the sector's positive outlook with an expected profit after tax of N1.06 billion. The company's financial performance is underpinned by insurance revenue of N3.75 billion and investment income of N420.27 million. Their strategic financial management is evident in a projected net cash increase of N238.63 million, concluding the quarter with N1.52 billion in cash and bank balances.

International Energy Insurance Plc rounds out the group's performance, forecasting a profit after tax of N868.48 million. This projection is based on gross written premiums of N3.76 billion and a solid insurance service result of N2.71 billion.

These projections signal a promising start for Nigeria's insurance industry in 2026, demonstrating resilience, strategic investment, and strong financial management across multiple key players.