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Nigerian (NSE) General Insurance Industry Analysis
UpdatedMay 30, 2025
DataAggregated Company Financials
Companies7
- 7D0.5%
- 3M-3.5%
- 1Y92.5%
- YTDn/a
Over the last 7 days, the General Insurance industry has remained flat, although notably LASACO Assurance gained 6.7%. As for the the longer term, the industry is up 86% over the past 12 months.
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 |
|---|---|---|---|---|---|---|
| Fri, 30 May 2025 | ₦180.7b | ₦214.9b | ₦43.3b | 5.2x | 4.2x | 0.8x |
| Sun, 27 Apr 2025 | ₦146.5b | ₦206.6b | ₦43.3b | 5x | 3.4x | 0.7x |
| Tue, 25 Mar 2025 | ₦159.2b | ₦207.2b | ₦42.8b | 5.8x | 3.7x | 0.8x |
| Thu, 20 Feb 2025 | ₦168.5b | ₦183.9b | ₦40.9b | 6.5x | 4.1x | 0.9x |
| Sat, 18 Jan 2025 | ₦170.0b | ₦158.4b | ₦44.3b | 3.2x | 3.8x | 1.1x |
| Mon, 16 Dec 2024 | ₦121.6b | ₦158.4b | ₦44.3b | 2.5x | 2.7x | 0.8x |
| Wed, 13 Nov 2024 | ₦99.8b | ₦158.4b | ₦44.3b | 2.3x | 2.3x | 0.6x |
| Fri, 11 Oct 2024 | ₦98.1b | ₦145.4b | ₦50.6b | 2.5x | 1.9x | 0.7x |
| Sun, 08 Sep 2024 | ₦93.6b | ₦135.3b | ₦48.7b | 2.9x | 1.9x | 0.7x |
| Tue, 06 Aug 2024 | ₦87.2b | ₦127.9b | ₦31.0b | 2.9x | 2.8x | 0.7x |
| Thu, 04 Jul 2024 | ₦92.5b | ₦105.2b | ₦32.4b | 3x | 2.9x | 0.9x |
| Sat, 01 Jun 2024 | ₦77.9b | ₦99.4b | ₦26.9b | 3.2x | 2.9x | 0.8x |
| Mon, 29 Apr 2024 | ₦78.4b | ₦99.4b | ₦26.9b | 3.3x | 2.9x | 0.8x |
| Wed, 27 Mar 2024 | ₦83.3b | ₦99.4b | ₦26.9b | 3.3x | 3.1x | 0.8x |
| Fri, 23 Feb 2024 | ₦87.7b | ₦99.4b | ₦26.9b | 3.1x | 3.3x | 0.9x |
| Sun, 21 Jan 2024 | ₦92.7b | ₦96.8b | ₦19.4b | 3.6x | 4.8x | 1x |
| Tue, 19 Dec 2023 | ₦67.0b | ₦94.0b | ₦19.6b | 2.6x | 3.4x | 0.7x |
| Thu, 16 Nov 2023 | ₦66.3b | ₦92.1b | ₦19.6b | 2.5x | 3.4x | 0.7x |
| Sat, 14 Oct 2023 | ₦65.0b | ₦86.0b | ₦17.5b | 3.8x | 3.7x | 0.8x |
| Mon, 11 Sep 2023 | ₦58.6b | ₦85.1b | ₦17.4b | 3.2x | 3.4x | 0.7x |
| Wed, 09 Aug 2023 | ₦52.9b | ₦79.3b | ₦7.5b | 4.7x | 7.1x | 0.7x |
| Fri, 07 Jul 2023 | ₦55.6b | ₦79.2b | ₦7.3b | 4.1x | 7.6x | 0.7x |
| Sun, 04 Jun 2023 | ₦42.1b | ₦80.1b | ₦10.0b | 4.7x | 4.2x | 0.5x |
| Tue, 02 May 2023 | ₦36.3b | ₦80.5b | ₦9.0b | 3.6x | 4x | 0.5x |
| Thu, 30 Mar 2023 | ₦36.0b | ₦78.0b | ₦8.8b | 4.1x | 4.1x | 0.5x |
| Sat, 25 Feb 2023 | ₦36.1b | ₦78.2b | ₦8.8b | 3.7x | 4.1x | 0.5x |
| Mon, 23 Jan 2023 | ₦39.8b | ₦72.7b | ₦2.9b | 4.1x | 13.7x | 0.5x |
| Wed, 21 Dec 2022 | ₦38.2b | ₦71.5b | ₦3.7b | 4.1x | 10.4x | 0.5x |
| Fri, 18 Nov 2022 | ₦30.7b | ₦68.5b | ₦4.7b | 3.8x | 6.5x | 0.4x |
| Sun, 16 Oct 2022 | ₦31.7b | ₦66.1b | ₦3.7b | 4x | 8.7x | 0.5x |
| Tue, 13 Sep 2022 | ₦38.9b | ₦60.3b | ₦2.3b | 4x | 16.8x | 0.6x |
| Thu, 11 Aug 2022 | ₦39.6b | ₦60.3b | ₦1.9b | 4.2x | 20.9x | 0.7x |
| Sat, 09 Jul 2022 | ₦39.8b | ₦60.1b | ₦1.9b | 4.2x | 21.4x | 0.7x |
| Mon, 06 Jun 2022 | ₦38.5b | ₦59.7b | ₦1.4b | 5.1x | 28.4x | 0.6x |
Price to Earnings Ratio
28.4x
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 6.5x.
- The industry is trading close to its 3-year average PS ratio of 0.70x.
Past Earnings Growth
- The earnings for companies in the Multi-line Insurance industry have grown 217% per year over the last three years.
- Revenues for these companies have grown 53% 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 | 2.55% | |
| Financials | 2.24% | |
| Insurance | 1.38% | |
| General Insurance | 0.50% | |
| Property and Casualty Insurance | 2.32% | |
| Life and Health Insurance | -2.28% | |
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 | |
|---|---|---|---|---|---|
| LASACO LASACO Assurance | ₦2.58 | 4.0% +₦1.1b | 31.0% | PE15.8x | |
| MBENEFIT Mutual Benefits Assurance | ₦1.10 | 3.8% +₦802.4m | 103.7% | PE3.2x | |
| WAPIC Coronation Insurance | ₦2.00 | 0.5% +₦239.9m | 185.7% | PE4.8x | |
| ROYALEX Royal Exchange | ₦0.88 | 2.3% +₦165.3m | 46.7% | PE59.5x | |
| GUINEAINS Guinea Insurance | ₦0.64 | 3.2% +₦158.9m | 113.3% | PE5.2x |