By Ngozi Onyeakusi—— NEM Insurance Plc, player in the insurance sector has released its interim financial statement for the fourth quarter (Q4) ended December 31, 2020 with its  profit after tax jumped by 347% in Q4 2020 to N2.967 billion from N663.414 million in Q4 2019.

Its gross premiums written dropping slightly to N3.267 billion in Q4 2020 from N3.355 billion in 2019.

Interestingly, the gross premiums written for the full year rose to N22.036 billion from N19.760 billion in 2019.

The insurer improved on the profit after tax jumped by 347% in Q4 2020 to N2.967 billion from N663.414 million in Q4 2019

The profit for the full year 2020 rose by 71.72% to N4.084 billion from N2.378 billion in 2019