Nigerian (NSE) Insurance Industry Analysis
UpdatedDec 08, 2023
DataAggregated Company Financials
Companies24
- 7D-0.6%
- 3M8.9%
- 1Y64.2%
- YTD51.1%
The Insurance is pretty flat in the last 7 days, but Custodian Investment has stood out, gaining 3.4%. The past year has been better, since the industry has gained 64% 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 |
|---|---|---|---|---|---|---|
| Fri, 08 Dec 2023 | ₦270.7b | ₦474.6b | ₦71.8b | 3.5x | 3.8x | 0.6x |
| Sun, 05 Nov 2023 | ₦231.5b | ₦362.2b | ₦66.7b | 3.6x | 3.5x | 0.6x |
| Tue, 03 Oct 2023 | ₦255.4b | ₦450.3b | ₦68.5b | 3.5x | 3.7x | 0.6x |
| Thu, 31 Aug 2023 | ₦241.0b | ₦413.9b | ₦68.5b | 3.3x | 3.5x | 0.6x |
| Sat, 29 Jul 2023 | ₦232.2b | ₦375.3b | ₦38.9b | 4.8x | 6x | 0.6x |
| Mon, 26 Jun 2023 | ₦241.7b | ₦375.3b | ₦38.9b | 4.7x | 6.2x | 0.6x |
| Wed, 24 May 2023 | ₦186.6b | ₦375.5b | ₦40.8b | 4.5x | 4.6x | 0.5x |
| Fri, 21 Apr 2023 | ₦167.8b | ₦370.6b | ₦37.6b | 4.5x | 4.5x | 0.5x |
| Sun, 19 Mar 2023 | ₦165.2b | ₦361.2b | ₦39.3b | 3.9x | 4.2x | 0.5x |
| Tue, 14 Feb 2023 | ₦166.6b | ₦360.9b | ₦39.3b | 3.9x | 4.2x | 0.5x |
| Thu, 12 Jan 2023 | ₦170.8b | ₦350.5b | ₦31.8b | 4.2x | 5.4x | 0.5x |
| Sat, 10 Dec 2022 | ₦161.7b | ₦350.6b | ₦31.6b | 3.8x | 5.1x | 0.5x |
| Mon, 07 Nov 2022 | ₦154.2b | ₦347.9b | ₦32.8b | 4x | 4.7x | 0.4x |
| Wed, 05 Oct 2022 | ₦166.0b | ₦341.9b | ₦27.2b | 4.8x | 6.1x | 0.5x |
| Fri, 02 Sep 2022 | ₦176.5b | ₦335.8b | ₦25.4b | 4.9x | 6.9x | 0.5x |
| Sun, 31 Jul 2022 | ₦166.4b | ₦323.8b | ₦23.7b | 4.4x | 7x | 0.5x |
| Tue, 28 Jun 2022 | ₦175.7b | ₦315.3b | ₦21.8b | 5x | 8x | 0.6x |
| Thu, 26 May 2022 | ₦178.8b | ₦312.6b | ₦23.8b | 5.6x | 7.5x | 0.6x |
| Sat, 23 Apr 2022 | ₦180.9b | ₦257.7b | ₦21.6b | 6.8x | 8.4x | 0.7x |
| Mon, 21 Mar 2022 | ₦185.7b | ₦257.7b | ₦23.0b | 7x | 8.1x | 0.7x |
| Wed, 16 Feb 2022 | ₦187.6b | ₦259.7b | ₦20.1b | 7.3x | 9.3x | 0.7x |
| Fri, 14 Jan 2022 | ₦194.7b | ₦288.8b | ₦16.7b | 5.5x | 11.7x | 0.7x |
| Sun, 12 Dec 2021 | ₦186.4b | ₦285.7b | ₦17.6b | 5.2x | 10.6x | 0.7x |
| Tue, 09 Nov 2021 | ₦181.0b | ₦289.6b | ₦20.4b | 5x | 8.9x | 0.6x |
| Thu, 07 Oct 2021 | ₦172.2b | ₦297.8b | ₦27.4b | 4.7x | 6.3x | 0.6x |
| Sat, 04 Sep 2021 | ₦184.0b | ₦306.7b | ₦22.5b | 5.3x | 8.2x | 0.6x |
| Mon, 02 Aug 2021 | ₦182.7b | ₦306.7b | ₦22.5b | 5.1x | 8.1x | 0.6x |
| Thu, 06 May 2021 | ₦182.5b | ₦319.6b | ₦32.3b | 4.4x | 5.7x | 0.6x |
| Sun, 07 Feb 2021 | ₦210.1b | ₦346.7b | ₦31.3b | 4.8x | 6.7x | 0.6x |
Price to Earnings Ratio
5.6x
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 3.8x which is lower than its 3-year average PE of 6.4x.
- The industry is trading close to its 3-year average PS ratio of 0.57x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have grown 32% per year over the last three years.
- Revenues for these companies have grown 11% 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 | 0.67% | |
| Financials | 6.09% | |
| Insurance | -0.63% | |
| General Insurance | 0.29% | |
| Insurance Brokers | 0% | |
| Life and Health Insurance | 0% | |
| Reinsurance | 0% | |
| Property and Casualty Insurance | -1.10% | |
Industry PE
- Investors are most optimistic about the Life and Health Insurance industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the General Insurance industry, which is trading below its 3-year average of 8.5x.
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 | |
|---|---|---|---|---|---|
| CUSTODIAN Custodian Investment | ₦7.50 | 3.4% +₦1.5b | 40.2% | PE2.6x | |
| WAPIC Coronation Insurance | ₦0.71 | 9.2% +₦1.4b | 108.8% | PS1.3x | |
| UNIVINSURE Universal Insurance | ₦0.27 | 8.0% +₦320.0m | 35.0% | PE4.7x | |
| GUINEAINS Guinea Insurance | ₦0.29 | 16.0% +₦317.7m | 45.0% | PE22x | |
| REGALINS Regency Alliance Insurance | ₦0.37 | 5.7% +₦133.4m | 48.0% | PE5.9x |