Linkage Assurance Plc has reported a rise in profitability for the first quarter ended March 31, 2026, buoyed by growth in investment income and improved operational positioning.
The underwriting firm, in its unaudited financial results, recorded a profit after tax of N6.25 billion, representing a substantial jump from N736.3 million posted in the corresponding period of 2025. Profit before tax also climbed to N6.57 billion, compared to N833.2 million a year earlier, reflecting a strong earnings rebound.
A breakdown of the performance shows that the growth in profitability was largely driven by investment and other income, which expanded significantly to N8.60 billion from N1.64 billion in the same period last year. This growth highlights the company’s ability to leverage market opportunities and optimise returns from its investment portfolio, even amid a challenging operating climate.
On the core insurance side, revenue growth remained relatively modest. Insurance revenue rose by 6 percent to N6.40 billion, suggesting steady but measured expansion in underwriting activities.
However, the company’s commitment to claims settlement was evident, as insurance service expenses increased by 73 percent during the period. This reflects a deliberate effort to meet policyholder obligations promptly and reinforce trust in its services.
The company also strengthened its financial position within the quarter, with total assets rising by 13 percent to N87.27 billion from N76.9 billion at the end of the previous year. The growth was largely supported by increased investment holdings and ongoing business expansion initiatives.
Speaking on the results, Daniel Braie, managing director and chief executive officer of Linkage Assurance, said the company remains focused on sustaining customer confidence through efficient service delivery and timely claims payment.
“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.
Braie expressed confidence in the company’s outlook for the rest of the year, noting that its current positioning supports continued growth and value creation for stakeholders.
He added that the company’s 2026 theme, “Consolidation,” reflects a deliberate shift towards strengthening internal capacity while pursuing sustainable expansion. According to him, Linkage Assurance will continue to focus on profitable business segments, enhance operational and financial efficiency, drive digital transformation, and improve product offerings alongside customer experience.
