Windhoek: The Namibia Special Risks Insurance Association (Nasria) has reported a net profit of N$96.6 million for the financial year ending on 31 March 2026. The association has announced a N$17 million dividend payout to the Namibian government.

According to Namibia Press Agency, at its Annual General Meeting held at the Ministry of Finance, Nasria disclosed a Gross Premium Income of N$97.1 million. Insurance service results saw a 17% increase, reaching N$52.2 million. The company's total assets exceeded N$1.035 billion, with investments at N$994.4 million and equity standing at N$949.4 million. Nasria also received an unqualified audit opinion and maintained 100% on-time regulatory compliance.

Ministry of Finance Executive Director Oscar Capelao highlighted that the results were significant beyond the dividend payment to the government. Capelao noted the importance of timely hosting of the AGM and presentation of audited financials within six months of the financial year. He also emphasized the profitability of the business, timely tax payments, and meaningful corporate social responsibility (CSR) initiatives alongside the dividends.

Nasria deputy chairperson Birgit Hoffmann reflected on the company's focus on sustainable growth. She expressed pride in presenting the government with dividends of N$17 million, reinforcing Nasria's role as a responsible and sustainable corporate entity. Hoffmann added that the dividends serve as proof of Nasria's commitment to reinvesting in the government and the company's reserves to ensure ongoing sustainable growth.

Moreover, Nasria's Credit Guarantee Scheme supported 159 small and medium enterprises over the year. This initiative facilitated N$153.9 million in insurance guarantees for loans, contributing to the creation of 1,169 jobs, primarily benefiting youth and women.

The company expanded its regional footprint by establishing a wholly-owned subsidiary in Botswana, named BOSRIA. This subsidiary focuses on providing insurance solutions for sectors such as energy, agriculture, roads, and government-owned assets.

Nasria also committed over N$600,000 to community initiatives across nine political regions through its corporate social responsibility and investment efforts during the year.