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Nigerian (NSE) Insurance Industry Analysis
UpdatedFeb 22, 2025
DataAggregated Company Financials
Companies22
- 7D0.06%
- 3M52.9%
- 1Y94.1%
- YTD-2.5%
Over the last 7 days, the Insurance industry has remained flat, although notably Coronation Insurance gained 9.4%. The past year has been better, since the industry has gained 94% in that time.
Industry Valuation and Performance
Has the Nigerian Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 22 Feb 2025 | ₦664.2b | ₦899.0b | ₦186.1b | 4.3x | 3.6x | 0.7x |
| Mon, 20 Jan 2025 | ₦658.1b | ₦838.0b | ₦208.8b | 3.6x | 3.2x | 0.8x |
| Wed, 18 Dec 2024 | ₦508.8b | ₦838.0b | ₦208.8b | 2.6x | 2.4x | 0.6x |
| Fri, 15 Nov 2024 | ₦408.4b | ₦771.2b | ₦186.8b | 2.3x | 2.2x | 0.5x |
| Sun, 13 Oct 2024 | ₦404.9b | ₦697.8b | ₦186.7b | 2.3x | 2.2x | 0.6x |
| Tue, 10 Sep 2024 | ₦386.2b | ₦687.7b | ₦183.9b | 2.2x | 2.1x | 0.6x |
| Thu, 08 Aug 2024 | ₦367.7b | ₦681.4b | ₦166.2b | 2.2x | 2.2x | 0.5x |
| Sat, 06 Jul 2024 | ₦356.3b | ₦592.3b | ₦148.6b | 2.7x | 2.4x | 0.6x |
| Mon, 03 Jun 2024 | ₦330.2b | ₦564.6b | ₦93.2b | 4x | 3.5x | 0.6x |
| Wed, 01 May 2024 | ₦333.9b | ₦564.6b | ₦93.2b | 3.9x | 3.6x | 0.6x |
| Fri, 29 Mar 2024 | ₦355.0b | ₦564.6b | ₦93.2b | 4.2x | 3.8x | 0.6x |
| Sun, 25 Feb 2024 | ₦343.2b | ₦564.6b | ₦93.2b | 4.4x | 3.7x | 0.6x |
| Tue, 23 Jan 2024 | ₦392.7b | ₦477.5b | ₦71.6b | 5.8x | 5.5x | 0.8x |
| Thu, 21 Dec 2023 | ₦270.2b | ₦474.6b | ₦71.8b | 3.2x | 3.8x | 0.6x |
| Sat, 18 Nov 2023 | ₦260.2b | ₦460.8b | ₦74.7b | 3x | 3.5x | 0.6x |
| Mon, 16 Oct 2023 | ₦248.4b | ₦450.3b | ₦68.5b | 3.4x | 3.6x | 0.6x |
| Wed, 13 Sep 2023 | ₦232.2b | ₦413.7b | ₦68.5b | 3.4x | 3.4x | 0.6x |
| Fri, 11 Aug 2023 | ₦246.8b | ₦406.0b | ₦67.6b | 3.6x | 3.7x | 0.6x |
| Sun, 09 Jul 2023 | ₦250.2b | ₦375.3b | ₦38.9b | 5x | 6.4x | 0.7x |
| Tue, 06 Jun 2023 | ₦193.7b | ₦376.2b | ₦41.6b | 4.8x | 4.7x | 0.5x |
| Thu, 04 May 2023 | ₦170.7b | ₦368.4b | ₦40.5b | 4.5x | 4.2x | 0.5x |
| Sat, 01 Apr 2023 | ₦168.8b | ₦361.0b | ₦39.1b | 4.1x | 4.3x | 0.5x |
| Mon, 27 Feb 2023 | ₦167.4b | ₦361.3b | ₦39.3b | 3.9x | 4.3x | 0.5x |
| Wed, 25 Jan 2023 | ₦173.4b | ₦352.2b | ₦30.8b | 4.4x | 5.6x | 0.5x |
| Fri, 23 Dec 2022 | ₦164.3b | ₦350.6b | ₦31.6b | 3.9x | 5.2x | 0.5x |
| Sun, 20 Nov 2022 | ₦149.5b | ₦347.9b | ₦32.6b | 3.8x | 4.6x | 0.4x |
| Tue, 18 Oct 2022 | ₦166.1b | ₦341.9b | ₦27.2b | 4.6x | 6.1x | 0.5x |
| Thu, 15 Sep 2022 | ₦175.0b | ₦336.1b | ₦25.9b | 4.9x | 6.8x | 0.5x |
| Sat, 13 Aug 2022 | ₦176.3b | ₦336.0b | ₦25.4b | 4.7x | 6.9x | 0.5x |
| Mon, 11 Jul 2022 | ₦176.9b | ₦315.7b | ₦22.3b | 4.2x | 7.9x | 0.6x |
| Wed, 08 Jun 2022 | ₦178.0b | ₦312.3b | ₦24.0b | 5.1x | 7.4x | 0.6x |
| Fri, 06 May 2022 | ₦184.6b | ₦311.8b | ₦23.8b | 6.1x | 7.8x | 0.6x |
| Sun, 03 Apr 2022 | ₦179.3b | ₦257.7b | ₦23.0b | 7.1x | 7.8x | 0.7x |
| Tue, 01 Mar 2022 | ₦187.3b | ₦257.6b | ₦22.2b | 7.1x | 8.4x | 0.7x |
Price to Earnings Ratio
8.4x
Current Industry PE
- Investors are pessimistic on the Nigerian Insurance industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 3.6x which is lower than its 3-year average PE of 4.6x.
- The industry is trading close to its 3-year average PS ratio of 0.58x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have grown 103% per year over the last three years.
- Revenues for these companies have grown 52% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Nigerian Financials industry?
| NG Market | 0.83% | |
| Financials | -2.95% | |
| Insurance | 0.065% | |
| General Insurance | 2.12% | |
| Life and Health Insurance | 1.10% | |
| Insurance Brokers | 0% | 0 |
| Reinsurance | 0% | 0 |
| Property and Casualty Insurance | -0.88% | |
Industry PE
- Investors are most optimistic about the Life and Health Insurance industry even though it's trading below its 3-year average PE ratio of 5.6x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Property and Casualty Insurance industry, which is trading below its 3-year average of 4.2x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| WAPIC Coronation Insurance | ₦2.68 | 9.4% +₦5.5b | 300.0% | PE6.5x | |
| CONHALLPLC Consolidated Hallmark Holdings | ₦3.84 | 5.2% +₦2.1b | 207.2% | PE2.7x | |
| SOVRENINS Sovereign Trust Insurance | ₦1.32 | 11.9% +₦2.0b | 175.0% | PE6.1x | |
| SUNUASSUR Sunu Assurances Nigeria | ₦6.60 | 3.0% +₦1.1b | 215.8% | PE10.6x | |
| AIICO AIICO Insurance | ₦1.72 | 1.2% +₦732.1m | 59.3% | PE4.6x |