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Nigerian (NSE) General Insurance Industry Analysis
UpdatedApr 20, 2026
DataAggregated Company Financials
Companies7
- 7D-2.6%
- 3M-14.5%
- 1Y96.8%
- YTDn/a
Over the last 7 days, the General Insurance industry has dropped 2.6%, driven by a pullback from Coronation Insurance of 20%. In contrast, Cornerstone Insurance has gained 9.6%. This takes the industry's 12 month performance to a gain of 97%.
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 |
|---|---|---|---|---|---|---|
| Mon, 20 Apr 2026 | ₦310.0b | ₦298.8b | ₦38.5b | 10.2x | 8.1x | 1x |
| Wed, 18 Mar 2026 | ₦347.3b | ₦281.7b | ₦38.1b | 11.5x | 9.1x | 1.2x |
| Fri, 13 Feb 2026 | ₦354.0b | ₦281.7b | ₦38.1b | 12.1x | 9.3x | 1.3x |
| Sun, 11 Jan 2026 | ₦362.4b | ₦274.7b | ₦39.4b | 11.7x | 9.2x | 1.3x |
| Tue, 09 Dec 2025 | ₦300.1b | ₦274.7b | ₦39.4b | 10.3x | 7.6x | 1.1x |
| Thu, 06 Nov 2025 | ₦327.5b | ₦274.9b | ₦39.7b | 9.9x | 8.3x | 1.2x |
| Sat, 04 Oct 2025 | ₦338.7b | ₦256.1b | ₦32.6b | 12.2x | 10.4x | 1.3x |
| Mon, 01 Sep 2025 | ₦360.6b | ₦256.1b | ₦32.6b | 12.7x | 11.1x | 1.4x |
| Wed, 30 Jul 2025 | ₦248.1b | ₦239.1b | ₦37.2b | 8.6x | 6.7x | 1x |
| Fri, 27 Jun 2025 | ₦207.7b | ₦213.0b | ₦31.6b | 7.3x | 6.6x | 1x |
| Sun, 25 May 2025 | ₦181.5b | ₦214.9b | ₦43.3b | 5.1x | 4.2x | 0.8x |
| Tue, 22 Apr 2025 | ₦139.4b | ₦206.6b | ₦43.2b | 5.1x | 3.2x | 0.7x |
| Thu, 20 Mar 2025 | ₦157.3b | ₦207.2b | ₦42.8b | 5.7x | 3.7x | 0.8x |
| Sat, 15 Feb 2025 | ₦165.6b | ₦185.4b | ₦39.2b | 4.5x | 4.2x | 0.9x |
| Mon, 13 Jan 2025 | ₦181.8b | ₦158.4b | ₦44.3b | 3.4x | 4.1x | 1.1x |
| Wed, 11 Dec 2024 | ₦116.3b | ₦158.4b | ₦44.3b | 2.5x | 2.6x | 0.7x |
| Fri, 08 Nov 2024 | ₦100.3b | ₦158.3b | ₦44.3b | 2.1x | 2.3x | 0.6x |
| Sun, 06 Oct 2024 | ₦97.1b | ₦143.3b | ₦48.3b | 2.5x | 2x | 0.7x |
| Tue, 03 Sep 2024 | ₦94.5b | ₦135.6b | ₦47.6b | 2.9x | 2x | 0.7x |
| Thu, 01 Aug 2024 | ₦85.1b | ₦120.7b | ₦30.4b | 2.8x | 2.8x | 0.7x |
| Sat, 29 Jun 2024 | ₦85.7b | ₦99.4b | ₦26.9b | 3.3x | 3.2x | 0.9x |
| Mon, 27 May 2024 | ₦77.9b | ₦99.4b | ₦26.9b | 3.3x | 2.9x | 0.8x |
| Wed, 24 Apr 2024 | ₦80.0b | ₦99.4b | ₦26.9b | 3.3x | 3x | 0.8x |
| Fri, 22 Mar 2024 | ₦85.1b | ₦99.4b | ₦26.9b | 3.4x | 3.2x | 0.9x |
| Sun, 18 Feb 2024 | ₦98.1b | ₦99.4b | ₦26.9b | 3.4x | 3.6x | 1x |
| Tue, 16 Jan 2024 | ₦87.2b | ₦96.8b | ₦19.4b | 4.3x | 4.5x | 0.9x |
| Thu, 14 Dec 2023 | ₦68.9b | ₦94.0b | ₦19.6b | 2.8x | 3.5x | 0.7x |
| Sat, 11 Nov 2023 | ₦68.9b | ₦92.1b | ₦19.6b | 2.4x | 3.5x | 0.7x |
| Mon, 09 Oct 2023 | ₦64.5b | ₦86.0b | ₦17.5b | 3.7x | 3.7x | 0.7x |
| Wed, 06 Sep 2023 | ₦55.9b | ₦85.1b | ₦17.4b | 3.1x | 3.2x | 0.7x |
| Fri, 04 Aug 2023 | ₦52.9b | ₦79.3b | ₦7.5b | 4.5x | 7.1x | 0.7x |
| Sun, 02 Jul 2023 | ₦61.8b | ₦79.2b | ₦7.3b | 3.8x | 8.4x | 0.8x |
| Tue, 30 May 2023 | ₦41.7b | ₦81.5b | ₦9.9b | 4.5x | 4.2x | 0.5x |
| Thu, 27 Apr 2023 | ₦35.4b | ₦79.2b | ₦8.3b | 4.6x | 4.3x | 0.4x |
Price to Earnings Ratio
4.3x
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 8.1x which is higher than its 3-year average PE of 5.1x.
- The 3-year average PS ratio of 0.89x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the Multi-line Insurance industry have grown 67% per year over the last three years.
- Revenues for these companies have grown 56% 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 | 6.07% | |
| Financials | 10.80% | |
| Insurance | -0.45% | |
| General Insurance | -2.58% | |
| Life and Health Insurance | 1.65% | |
| Property and Casualty Insurance | -0.075% | |
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 | |
|---|---|---|---|---|---|
| CORNERST Cornerstone Insurance | ₦5.70 | 9.6% +₦9.0b | 120.1% | PE12.4x | |
| ROYALEX Royal Exchange | ₦1.85 | 26.7% +₦3.2b | 117.6% | PE18x | |
| GUINEAINS Guinea Insurance | ₦1.25 | 4.2% +₦397.1m | 101.6% | PE28.1x | |
| UNIVINSURE Universal Insurance | ₦1.22 | 1.7% +₦320.0m | 149.0% | PE4.3x |