Veritas Kapital Assurance is a Nigerian insurer that has quietly more than doubled its annual profit. The story is less about size than about a company rebuilding its earnings from a low base. Full nameVeritas Kapital Assurance Plc Tickers / exchangeVERITASKAP / Nigerian Exchange (XNSA) HeadquartersAbuja, Nigeria SectorInsurance (general and life) EmployeesNot published in available sources Market valueNot published in available sources Yearly sales (insurance revenue, FY2025)₦22.58 billion (US$17.0 million) Net profit (FY2025)₦953.7 million (US$0.72 million) Net margin4.2% (our calculation) Return on equity4.4% (our calculation) Price-to-earningsNot published in available sources …
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