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Nigerian (NSE) Insurance Industry Analysis

UpdatedDec 08, 2022
DataAggregated Company Financials
Companies23
  • 7D0.8%
  • 3M-10.8%
  • 1Y-14.6%
  • YTD-19.0%

Over the last 7 days, the Insurance industry has remained flat, although notably AXA Mansard Insurance gained 4.7%. Unfortunately though, the industry is down 14% over the past 12 months.

Industry Valuation and Performance

Has the Nigerian Insurance Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 08 Dec 2022₦161.5b₦350.6b₦31.6b3.8x5.1x0.5x
Sat, 05 Nov 2022₦154.2b₦347.9b₦32.8b4x4.7x0.4x
Mon, 03 Oct 2022₦165.5b₦347.5b₦27.2b4.8x6.1x0.5x
Wed, 31 Aug 2022₦177.1b₦335.8b₦25.4b4.9x7x0.5x
Fri, 29 Jul 2022₦173.3b₦315.7b₦22.3b4.6x7.8x0.5x
Sun, 26 Jun 2022₦173.7b₦315.3b₦21.8b5x8x0.6x
Tue, 24 May 2022₦185.0b₦312.7b₦23.7b5.5x7.8x0.6x
Thu, 21 Apr 2022₦179.7b₦257.7b₦21.6b6.8x8.3x0.7x
Sat, 19 Mar 2022₦185.9b₦257.7b₦23.0b7x8.1x0.7x
Mon, 14 Feb 2022₦188.3b₦259.7b₦20.1b7.3x9.4x0.7x
Wed, 12 Jan 2022₦198.0b₦285.7b₦17.6b5.2x11.2x0.7x
Fri, 10 Dec 2021₦187.0b₦285.7b₦17.6b5.1x10.6x0.7x
Sun, 07 Nov 2021₦187.6b₦289.6b₦20.4b5.1x9.2x0.6x
Tue, 05 Oct 2021₦174.5b₦298.9b₦27.7b4.8x6.3x0.6x
Thu, 02 Sep 2021₦184.8b₦306.7b₦22.5b5.3x8.2x0.6x
Sat, 31 Jul 2021₦183.1b₦306.7b₦22.5b5.2x8.2x0.6x
Tue, 04 May 2021₦182.5b₦319.6b₦32.3b4.4x5.7x0.6x
Fri, 05 Feb 2021₦210.1b₦346.7b₦31.3b4.8x6.7x0.6x
Mon, 09 Nov 2020₦133.1b₦328.4b₦26.4b4.7x5x0.4x
Sun, 02 Aug 2020₦120.5b₦299.1b₦25.5b4.5x4.7x0.4x
Wed, 06 May 2020₦120.8b₦281.1b₦21.8b5x5.5x0.4x
Sat, 08 Feb 2020₦124.5b₦277.0b₦21.0b5.1x5.9x0.4x
Price to Earnings Ratio

5.8x


Total Market Cap: ₦121.1bTotal Earnings: ₦21.0bTotal Revenue: ₦277.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Insurance Industry Price to Earnings3Y Average 6.7x20212022
Current Industry PE
  • Investors are pessimistic on the Nigerien 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 5.1x which is lower than its 3-year average PE of 6.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.53x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 15% per year over the last three years.
  • Revenues for these companies have grown 8.2% 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 Market1.34%
Financials0.49%
Insurance0.83%
Property and Casualty Insurance1.16%
General Insurance0.31%
Insurance Brokers0%
Life and Health Insurance0%
Reinsurance0%
Industry PE
  • Investors are most optimistic about the General Insurance industry even though it's trading below its 3-year average PE ratio of 16.1x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Life and Health Insurance industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
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?

CompanyLast Price7D1YValuation
MANSARD AXA Mansard Insurance₦1.994.7%
+₦801.6m
-10.4%PE16.1x
WAPIC Coronation Insurance₦0.375.7%
+₦479.8m
-21.3%PS0.8x
ROYALEX Royal Exchange₦0.7214.3%
+₦463.1m
26.3%PS3.6x
LINKASSURE Linkage Assurance₦0.437.5%
+₦420.0m
-15.7%PS0.5x
LASACO LASACO Assurance₦0.905.9%
+₦91.7m
-13.5%PE19.7x
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Latest News

MANSARD

₦1.99

AXA Mansard Insurance

7D

4.7%

1Y

-10.4%

SUNUASSUR

₦0.28

Sunu Assurances Nigeria

7D

3.7%

1Y

-37.8%

WAPIC

₦0.37

Coronation Insurance

7D

5.7%

1Y

-21.3%

REGALINS

₦0.25

Regency Alliance Insurance

7D

4.2%

1Y

-35.9%

PRESTIGE

₦0.42

Prestige Assurance

7D

-2.3%

1Y

-17.6%

ROYALEX

₦0.72

Royal Exchange

7D

14.3%

1Y

26.3%

LINKASSURE

₦0.43

Linkage Assurance

7D

7.5%

1Y

-15.7%

LASACO

₦0.90

LASACO Assurance

7D

5.9%

1Y

-13.5%

CORNERST

₦0.45

Cornerstone Insurance

7D

-10.0%

1Y

-13.5%