SUNU Assurances Nigeria is a Lagos-based insurer that has just crossed a major regulatory threshold, yet its profit fell by more than half in the same year. The story is one of growth bought at a price. Full nameSUNU Assurances Nigeria Plc Tickers / exchangeSUNUASSUR / Nigerian Exchange (XNSA) HeadquartersLagos, Nigeria SectorInsurance (non-life and life) EmployeesNot published in available sources Market valueNot published in available sources Yearly sales (insurance revenue)₦21.64bn (US$16.3m) — FY2025 Net profit₦1.53bn (US$1.15m) — FY2025 Net margin7.1% (our calculation) Return on equity10.6% (our calculation, on ₦14.5bn shareholders' …
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