NEM Insurance Plc. (NEM) bucked the trend of double-digit growth in gross premium income (stretching back to three years), as GPI rose by 6.00% to NGN11.22bn (vs. 10.59bn in H1:2019) in H1:2020. This was due to the weaker performance in Q2:2020 with premium income dropping by 16.26%, a sharp contrast to the 26.66% YoY rise recorded in the preceding quarter.
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