International Energy Insurance (IEI) Plc has returned to positive equity, which gives shareholders a glimmer of hope that the insurer will be paying dividend even as there has been a drop in profit due to a sharp decline in revenue.
For the year ended December 2025, IEI profit reduced by 81.32 percent to N551.06 million from a profit of N2.95 billion as at December 2025.
Consistent profit helped the firm post a positive shareholders’ funds of N8.94 billion as at December 2025, from a deficit position of N7.60 billion, a stellar performance that underpins investors’ confidence in the insurance financial strength that is needed to meet obligations to policyholders.
To meet the new minimum capital requirements-which expires on July 31, 2026- set by the body that regulates insurance activities in the country, the National Insurance Commission (NAICOM), IEI plans to raise about N22.5bn to strengthen its capital base.
A solid capital base ensures the firm undertakes big ticket transactions needed to magnify earnings and compete with international peers and makes it impervious to macroeconomic shocks, which is deleterious to growth.
Last year, the company dispensed a crippling N14 billion Daewoo loan which had been undermining its growth, paving the way for a successful relisting on the Nigerian Exchange.
Also, IEI converted a N2 billion deposit from Norrenberger Advisory Partners Limited into equity, creating 1.25 billion ordinary shares in the company, a strategic plan expected to strengthen the company’s growth plans.
IEI shares have gained 24 percent so far this year, which outperforms the NGXASI index’s 6.29 percent.
Revenue was down 27.40 percent to N4.08 billion in the period under review from N5.62 billion as at December 2024.
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