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Nigerian (NSE) General Insurance Industry Analysis
UpdatedFeb 22, 2025
DataAggregated Company Financials
Companies8
- 7D2.1%
- 3M64.3%
- 1Y92.1%
- YTDn/a
Over the last 7 days, the General Insurance industry has risen 2.9%, driven by gains from Coronation Insurance of 9.4%. During this same period, the Royal Exchange underperformed, falling 15%. In the last 12 months, the industry was up 92%.
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 |
|---|---|---|---|---|---|---|
| Sat, 22 Feb 2025 | ₦169.1b | ₦191.3b | ₦41.8b | 6.5x | 4x | 0.9x |
| Mon, 20 Jan 2025 | ₦170.0b | ₦158.4b | ₦44.3b | 3.2x | 3.8x | 1.1x |
| Wed, 18 Dec 2024 | ₦128.1b | ₦158.4b | ₦44.3b | 2.6x | 2.9x | 0.8x |
| Fri, 15 Nov 2024 | ₦101.0b | ₦158.4b | ₦44.3b | 2.2x | 2.3x | 0.6x |
| Sun, 13 Oct 2024 | ₦99.5b | ₦145.4b | ₦50.6b | 2.5x | 2x | 0.7x |
| Tue, 10 Sep 2024 | ₦97.6b | ₦135.2b | ₦48.0b | 2.9x | 2x | 0.7x |
| Thu, 08 Aug 2024 | ₦86.5b | ₦128.0b | ₦31.0b | 2.9x | 2.8x | 0.7x |
| Sat, 06 Jul 2024 | ₦87.6b | ₦107.6b | ₦32.4b | 2.9x | 2.7x | 0.8x |
| Mon, 03 Jun 2024 | ₦78.2b | ₦99.4b | ₦26.9b | 3.2x | 2.9x | 0.8x |
| Wed, 01 May 2024 | ₦76.8b | ₦99.4b | ₦26.9b | 3.2x | 2.9x | 0.8x |
| Fri, 29 Mar 2024 | ₦84.3b | ₦99.4b | ₦26.9b | 3.5x | 3.1x | 0.8x |
| Sun, 25 Feb 2024 | ₦87.4b | ₦99.4b | ₦26.9b | 3.2x | 3.2x | 0.9x |
| Tue, 23 Jan 2024 | ₦91.0b | ₦96.8b | ₦19.4b | 3.6x | 4.7x | 0.9x |
| Thu, 21 Dec 2023 | ₦65.8b | ₦94.0b | ₦19.6b | 2.6x | 3.4x | 0.7x |
| Sat, 18 Nov 2023 | ₦66.7b | ₦92.1b | ₦19.6b | 2.3x | 3.4x | 0.7x |
| Mon, 16 Oct 2023 | ₦65.0b | ₦86.0b | ₦17.5b | 3.8x | 3.7x | 0.8x |
| Wed, 13 Sep 2023 | ₦54.1b | ₦85.1b | ₦17.4b | 2.9x | 3.1x | 0.6x |
| Fri, 11 Aug 2023 | ₦56.1b | ₦80.2b | ₦17.5b | 3.3x | 3.2x | 0.7x |
| Sun, 09 Jul 2023 | ₦56.9b | ₦79.2b | ₦7.3b | 4.4x | 7.8x | 0.7x |
| Tue, 06 Jun 2023 | ₦42.6b | ₦80.1b | ₦10.0b | 5x | 4.2x | 0.5x |
| Thu, 04 May 2023 | ₦36.4b | ₦80.5b | ₦9.0b | 3.6x | 4x | 0.5x |
| Sat, 01 Apr 2023 | ₦36.1b | ₦78.0b | ₦8.8b | 4.1x | 4.1x | 0.5x |
| Mon, 27 Feb 2023 | ₦35.9b | ₦78.2b | ₦8.8b | 3.7x | 4.1x | 0.5x |
| Wed, 25 Jan 2023 | ₦39.3b | ₦73.1b | ₦2.7b | 5.2x | 14.6x | 0.5x |
| Fri, 23 Dec 2022 | ₦38.2b | ₦71.5b | ₦3.7b | 4x | 10.4x | 0.5x |
| Sun, 20 Nov 2022 | ₦29.8b | ₦68.9b | ₦4.6b | 4x | 6.4x | 0.4x |
| Tue, 18 Oct 2022 | ₦31.7b | ₦66.1b | ₦3.7b | 4x | 8.7x | 0.5x |
| Thu, 15 Sep 2022 | ₦38.2b | ₦60.3b | ₦2.3b | 4x | 16.5x | 0.6x |
| Sat, 13 Aug 2022 | ₦41.3b | ₦60.3b | ₦1.9b | 4.2x | 21.8x | 0.7x |
| Mon, 11 Jul 2022 | ₦39.8b | ₦60.1b | ₦1.9b | 4.2x | 21.4x | 0.7x |
| Wed, 08 Jun 2022 | ₦38.1b | ₦59.7b | ₦1.4b | 5.1x | 28.1x | 0.6x |
| Fri, 06 May 2022 | ₦38.4b | ₦60.2b | ₦1.1b | 8.5x | 35.4x | 0.6x |
| Sun, 03 Apr 2022 | ₦40.3b | ₦59.4b | ₦1.2b | 12.9x | 34x | 0.7x |
| Tue, 01 Mar 2022 | ₦43.5b | ₦59.4b | ₦1.2b | 13.3x | 36.7x | 0.7x |
Price to Earnings Ratio
36.7x
Current Industry PE
- Investors are pessimistic on the Nigerian Multi-line 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 4.2x which is lower than its 3-year average PE of 9.0x.
- The industry is trading close to its 3-year average PS ratio of 0.69x.
Past Earnings Growth
- The earnings for companies in the Multi-line Insurance industry have grown 225% per year over the last three years.
- Revenues for these companies have grown 46% 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 | 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 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 | |
|---|---|---|---|---|---|
| WAPIC Coronation Insurance | ₦2.68 | 9.4% +₦5.5b | 300.0% | PE6.5x |