Linkage Assurance Plc has released its earnings forecast for the fourth quarter ending December 31, 2025, projecting a profit after tax of ₦402.99 million for the period.
The forecast, certified by the company’s Chief Financial Officer, Dr. Emmanuel Otitolaiye, and Managing Director/Chief Executive Officer, Mr. Daniel Braie, was prepared in accordance with Section 64 of the Investments and Securities Act, 2007.
According to the filing, the insurer expects to generate ₦5.32 billion in insurance revenue with insurance service expenses estimated at ₦3.74 billion.
Reinsurance premiums are projected at ₦1.44 billion while recoveries from reinsurers for incurred claims stand at ₦489.78 million.
Investment income is projected at ₦1.11 billion, lifting net operating income to ₦1.73 billion. With operating expenses estimated at ₦1.30 billion, profit before tax is forecast at ₦424.20 million while tax obligations of ₦21.21 million leave an after-tax profit of ₦402.99 million.
Cashflow Projections
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Cash from operating activities: ₦904.78 million
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Operating cashflow before working capital changes: ₦745.12 million
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Net cash generated from operating activities: ₦266.11 million
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Cashflow from investing activities: ₦425.78 million
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Cashflow from financing activities: -₦106.45 million
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Net increase in cash and cash equivalents: ₦585.45 million
With these projections, Linkage Assurance expects to close the quarter with a cash balance of ₦3.91 billion, up from ₦3.32 billion at the beginning of the period.
The forecast underscores the company’s operational resilience amid Nigeria’s challenging insurance landscape and reflects management’s expectations of sustained profitability into the year-end.
