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Nigerian (NSE) General Insurance Industry Analysis
UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies7
- 7D-3.7%
- 3M8.3%
- 1Y77.7%
- YTDn/a
Over the last 7 days, the General Insurance industry has dropped 4.5%, driven by Cornerstone Insurance declining 9.3%. Meanwhile, Universal Insurance actually outperformed within the industry, gaining 16% in the last week. This takes the industry's 12 month performance to a gain of 80%.
Industry Valuation and Performance
Has the Nigerian General Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 08 Feb 2026 | ₦344.1b | ₦284.1b | ₦38.0b | 11.5x | 9.1x | 1.2x |
| Tue, 06 Jan 2026 | ₦361.0b | ₦274.7b | ₦39.4b | 11.8x | 9.2x | 1.3x |
| Thu, 04 Dec 2025 | ₦294.1b | ₦275.2b | ₦39.7b | 8.9x | 7.4x | 1.1x |
| Sat, 01 Nov 2025 | ₦336.4b | ₦267.8b | ₦38.0b | 10.5x | 8.8x | 1.3x |
| Mon, 29 Sep 2025 | ₦347.9b | ₦256.1b | ₦32.6b | 12.1x | 10.7x | 1.4x |
| Wed, 27 Aug 2025 | ₦392.6b | ₦256.1b | ₦32.6b | 13.4x | 12x | 1.5x |
| Fri, 25 Jul 2025 | ₦235.7b | ₦229.8b | ₦36.0b | 9.1x | 6.5x | 1x |
| Sun, 22 Jun 2025 | ₦197.5b | ₦213.0b | ₦31.6b | 6.7x | 6.3x | 0.9x |
| Tue, 20 May 2025 | ₦178.4b | ₦214.9b | ₦43.3b | 5.3x | 4.1x | 0.8x |
| Thu, 17 Apr 2025 | ₦144.9b | ₦206.6b | ₦43.2b | 4.8x | 3.4x | 0.7x |
| Sat, 15 Mar 2025 | ₦160.7b | ₦206.4b | ₦42.8b | 5.8x | 3.8x | 0.8x |
| Mon, 10 Feb 2025 | ₦167.0b | ₦181.1b | ₦39.2b | 4.6x | 4.3x | 0.9x |
| Wed, 08 Jan 2025 | ₦188.3b | ₦158.4b | ₦44.3b | 3.5x | 4.2x | 1.2x |
| Fri, 06 Dec 2024 | ₦117.3b | ₦158.4b | ₦44.3b | 2.3x | 2.6x | 0.7x |
| Sun, 03 Nov 2024 | ₦100.9b | ₦164.1b | ₦44.7b | 2.1x | 2.3x | 0.6x |
| Tue, 01 Oct 2024 | ₦96.4b | ₦135.2b | ₦48.0b | 2.9x | 2x | 0.7x |
| Thu, 29 Aug 2024 | ₦96.6b | ₦129.8b | ₦47.2b | 2.9x | 2x | 0.7x |
| Sat, 27 Jul 2024 | ₦84.6b | ₦120.1b | ₦29.8b | 2.9x | 2.8x | 0.7x |
| Mon, 24 Jun 2024 | ₦83.2b | ₦99.4b | ₦26.9b | 3.2x | 3.1x | 0.8x |
| Wed, 22 May 2024 | ₦81.7b | ₦99.4b | ₦26.9b | 3.2x | 3x | 0.8x |
| Fri, 19 Apr 2024 | ₦78.4b | ₦99.4b | ₦26.9b | 3.2x | 2.9x | 0.8x |
| Sun, 17 Mar 2024 | ₦86.7b | ₦99.4b | ₦26.9b | 3.5x | 3.2x | 0.9x |
| Tue, 13 Feb 2024 | ₦95.6b | ₦99.4b | ₦26.9b | 3.5x | 3.6x | 1x |
| Thu, 11 Jan 2024 | ₦86.6b | ₦94.0b | ₦19.6b | 3.8x | 4.4x | 0.9x |
| Sat, 09 Dec 2023 | ₦68.2b | ₦94.0b | ₦19.6b | 2.6x | 3.5x | 0.7x |
| Mon, 06 Nov 2023 | ₦68.4b | ₦96.7b | ₦19.8b | 3.6x | 3.5x | 0.7x |
| Wed, 04 Oct 2023 | ₦66.1b | ₦86.0b | ₦17.5b | 3.6x | 3.8x | 0.8x |
| Fri, 01 Sep 2023 | ₦59.2b | ₦85.1b | ₦17.4b | 3x | 3.4x | 0.7x |
| Sun, 30 Jul 2023 | ₦52.0b | ₦79.3b | ₦7.5b | 4.7x | 7x | 0.7x |
| Tue, 27 Jun 2023 | ₦63.7b | ₦79.2b | ₦7.3b | 3.9x | 8.7x | 0.8x |
| Thu, 25 May 2023 | ₦41.5b | ₦81.2b | ₦9.9b | 4.5x | 4.2x | 0.5x |
| Sat, 22 Apr 2023 | ₦36.1b | ₦79.2b | ₦8.3b | 4.6x | 4.3x | 0.5x |
| Mon, 20 Mar 2023 | ₦36.0b | ₦78.0b | ₦8.8b | 4x | 4.1x | 0.5x |
| Wed, 15 Feb 2023 | ₦35.3b | ₦78.2b | ₦8.8b | 3.7x | 4x | 0.5x |
Price to Earnings Ratio
4x
Current Industry PE
- Investors are optimistic on the Nigerian Multi-line Insurance industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 9.1x which is higher than its 3-year average PE of 4.8x.
- The 3-year average PS ratio of 0.84x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Multi-line Insurance industry have grown 63% per year over the last three years.
- Revenues for these companies have grown 54% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Nigerian General Insurance compare with similar industries?
| NG Market | 4.06% | |
| Financials | 3.93% | |
| Insurance | 3.18% | |
| General Insurance | -3.72% | |
| Property and Casualty Insurance | 6.47% | |
| Life and Health Insurance | 1.86% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| UNIVINSURE Universal Insurance | ₦1.51 | 25.8% +₦5.0b | 118.8% | PE5.4x | |
| MBENEFIT Mutual Benefits Assurance | ₦4.38 | 4.8% +₦4.0b | 618.0% | PE4.4x | |
| GUINEAINS Guinea Insurance | ₦1.57 | 6.8% +₦794.3m | 84.7% | PE43.6x |