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Chuks Udo Okonta
The Managing Director NEM Insurance Plc, Andrew Ikekhua, has been named among the Top 25 Chief Executive Officers (CEOs) in Nigeria.
He was rated as one of Nigeria’s outstanding corporate leaders at the prestigious BusinessDay Top 25 CEOs Awards held on September 25, 2025 in Lagos.
The organisers of the awards described NEM Insurance as a shining example of resilience and innovation in the nation’s insurance sector, whilst applauding the company’s consistent growth, operational efficiency and strong customer trust, noting that its commitments to digital innovation, corporate governance and product diversification has firmly positioned it as one of Nigeria’s most reliable insurers.
They further praised Ikekhua’s visionary leadership, saying he has fostered a culture of inclusivity and innovation, created shareholder value and raised industry standards qualities that earned him a place among Nigeria’s top CEOs.
Ikekhua in his acceptance speech, dedicated the honour to the hardworking team at NEM Insurance and God Almighty, who through His grace, the company has remained a beacon of light in the insurance industry and economy.
The Top 25 CEOs Awards have become an authoritative benchmark for corporate leadership in Nigeria, celebrating executives whose strategies have delivered resilience, profitability, and enduring market relevance.
In the 2025 edition, NEM Insurance Plc was recognised among the elite group, underscoring its reputation for disciplined execution and sustainable growth.
The recognition comes against the backdrop of strong fundamentals and industry leadership that continue to distinguish the company.
During the period under review, NEM Insurance Plc was assigned an “AA+ (NG)” credit rating with a Stable Outlook by Global Credit Rating (an affiliate of Moody’s Corporation).
The rating reflects the company’s robust capital adequacy, prudent risk management framework and consistent earnings capacity.
By year-end 2024, the company’s Total Assets had risen above ₦150 billion, while Shareholders’ Funds exceeded ₦75 billion. These indicators not only reinforced NEM’s balance sheet strength but also positioned it as the leading listed insurance company on the Nigerian Exchange.
Beyond financial strength, NEM demonstrated operational reliability by fulfilling claims obligations of ₦24 billion to clients, reinforcing its reputation as a dependable insurer.
In parallel, shareholders benefitted from dividend payouts exceeding ₦5 billion, reflecting a well-balanced commitment to policyholder trust and investor value creation.
Through integrity-driven practices, strong corporate governance and a consistent record of performance, NEM Insurance Plc continues to set the standard for insurance leadership in Nigeria; a standard now firmly acknowledged at the national level through its inclusion in the Top 25 CEOs Awards 2025
