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Nigerian (NSE) General Insurance Industry Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies8
- 7D10.2%
- 3M40.1%
- 1Y100.8%
- YTDn/a
All of the companies in the General Insurance industry have been up over the last week, with the industry up 13%. This takes the industry's 12 month performance to a gain of 101%.
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, 22 Dec 2024 | ₦134.0b | ₦158.4b | ₦44.3b | 2.6x | 3x | 0.8x |
| Tue, 19 Nov 2024 | ₦100.9b | ₦158.4b | ₦44.3b | 2.4x | 2.3x | 0.6x |
| Thu, 17 Oct 2024 | ₦96.6b | ₦145.4b | ₦50.6b | 2.5x | 1.9x | 0.7x |
| Sat, 14 Sep 2024 | ₦96.7b | ₦135.2b | ₦48.0b | 2.9x | 2x | 0.7x |
| Mon, 12 Aug 2024 | ₦89.4b | ₦129.2b | ₦30.6b | 3x | 2.9x | 0.7x |
| Wed, 10 Jul 2024 | ₦90.0b | ₦120.1b | ₦29.8b | 2.9x | 3x | 0.7x |
| Fri, 07 Jun 2024 | ₦80.2b | ₦99.4b | ₦26.9b | 3.2x | 3x | 0.8x |
| Sun, 05 May 2024 | ₦78.5b | ₦99.4b | ₦26.9b | 3.3x | 2.9x | 0.8x |
| Tue, 02 Apr 2024 | ₦84.3b | ₦99.4b | ₦26.9b | 3.5x | 3.1x | 0.8x |
| Thu, 29 Feb 2024 | ₦86.7b | ₦99.4b | ₦26.9b | 3.3x | 3.2x | 0.9x |
| Sat, 27 Jan 2024 | ₦87.3b | ₦96.8b | ₦19.4b | 3.7x | 4.5x | 0.9x |
| Mon, 25 Dec 2023 | ₦66.3b | ₦94.0b | ₦19.6b | 2.7x | 3.4x | 0.7x |
| Wed, 22 Nov 2023 | ₦67.9b | ₦92.1b | ₦19.6b | 2.6x | 3.5x | 0.7x |
| Fri, 20 Oct 2023 | ₦63.6b | ₦86.0b | ₦17.5b | 3.8x | 3.6x | 0.7x |
| Sun, 17 Sep 2023 | ₦59.0b | ₦85.1b | ₦17.4b | 3x | 3.4x | 0.7x |
| Tue, 15 Aug 2023 | ₦56.9b | ₦80.2b | ₦17.5b | 3x | 3.3x | 0.7x |
| Thu, 13 Jul 2023 | ₦59.0b | ₦79.2b | ₦7.3b | 4.5x | 8x | 0.7x |
| Sat, 10 Jun 2023 | ₦47.4b | ₦79.1b | ₦8.2b | 4.2x | 5.8x | 0.6x |
| Mon, 08 May 2023 | ₦37.2b | ₦80.6b | ₦9.0b | 3.6x | 4.1x | 0.5x |
| Wed, 05 Apr 2023 | ₦36.1b | ₦78.0b | ₦8.8b | 4.1x | 4.1x | 0.5x |
| Fri, 03 Mar 2023 | ₦36.6b | ₦78.2b | ₦8.8b | 3.9x | 4.2x | 0.5x |
| Sun, 29 Jan 2023 | ₦41.0b | ₦73.2b | ₦2.8b | 5.5x | 14.6x | 0.6x |
| Tue, 27 Dec 2022 | ₦37.8b | ₦71.5b | ₦3.7b | 3.9x | 10.3x | 0.5x |
| Thu, 24 Nov 2022 | ₦31.2b | ₦70.5b | ₦4.6b | 4x | 6.7x | 0.4x |
| Sat, 22 Oct 2022 | ₦31.7b | ₦66.1b | ₦3.7b | 4x | 8.7x | 0.5x |
| Mon, 19 Sep 2022 | ₦39.2b | ₦60.3b | ₦2.3b | 4x | 17x | 0.7x |
| Wed, 17 Aug 2022 | ₦40.7b | ₦60.3b | ₦1.9b | 4.2x | 21.5x | 0.7x |
| Fri, 15 Jul 2022 | ₦38.3b | ₦60.1b | ₦1.9b | 3.7x | 20.6x | 0.6x |
| Sun, 12 Jun 2022 | ₦37.9b | ₦59.7b | ₦1.4b | 5.3x | 27.9x | 0.6x |
| Tue, 10 May 2022 | ₦38.9b | ₦60.2b | ₦1.1b | 8.5x | 35.9x | 0.6x |
| Thu, 07 Apr 2022 | ₦37.9b | ₦59.7b | ₦1.7b | 12.9x | 22.5x | 0.6x |
| Sat, 05 Mar 2022 | ₦43.0b | ₦59.4b | ₦1.2b | 13.1x | 36.2x | 0.7x |
| Mon, 31 Jan 2022 | ₦40.8b | ₦64.4b | -₦652,823,000.00 | 3.3x | -62.6x | 0.6x |
| Wed, 29 Dec 2021 | ₦39.3b | ₦62.1b | -₦384,627,000.00 | 3.1x | -102.1x | 0.6x |
Price to Earnings Ratio
-102.1x
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 3.0x which is lower than its 3-year average PE of 5.0x.
- The industry is trading close to its 3-year average PS ratio of 0.67x.
Past Earnings Growth
- Total earnings for the Multi-line Insurance industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 37% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Nigerian General Insurance compare with similar industries?
| NG Market | 2.47% | |
| Financials | 3.19% | |
| Insurance | 8.81% | |
| General Insurance | 10.24% | |
| Life and Health Insurance | 17.49% | |
| Property and Casualty Insurance | 6.98% | |
| Insurance Brokers | 0% | |
| Reinsurance | 0% | |
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 | ₦1.70 | 26.9% +₦8.6b | 157.6% | PE3.7x | |
| UNIVINSURE Universal Insurance | ₦0.44 | 22.2% +₦1.3b | 69.2% | PS0.7x | |
| ROYALEX Royal Exchange | ₦0.73 | 21.7% +₦1.1b | 14.1% | PS7.8x | |
| GUINEAINS Guinea Insurance | ₦0.69 | 13.1% +₦635.4m | 155.6% | PE5.6x | |
| LASACO LASACO Assurance | ₦2.80 | 9.8% +₦458.4m | 47.4% | PE2.6x |