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Nigerian (NSE) General Insurance Industry Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies8
- 7D-0.7%
- 3M70.1%
- 1Y94.1%
- YTDn/a
The General Insurance industry has been flat over the last week, but Universal Insurance has lost 9.2%. The past year has been better, since the industry has gained 94% in that time.
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 |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | ₦173.9b | ₦158.4b | ₦44.3b | 3.2x | 3.9x | 1.1x |
| Thu, 19 Dec 2024 | ₦132.7b | ₦158.4b | ₦44.3b | 2.6x | 3x | 0.8x |
| Sat, 16 Nov 2024 | ₦101.6b | ₦158.4b | ₦44.3b | 2.2x | 2.3x | 0.6x |
| Mon, 14 Oct 2024 | ₦99.5b | ₦145.4b | ₦50.6b | 2.5x | 2x | 0.7x |
| Wed, 11 Sep 2024 | ₦98.6b | ₦135.2b | ₦48.0b | 2.9x | 2.1x | 0.7x |
| Fri, 09 Aug 2024 | ₦89.1b | ₦128.0b | ₦31.0b | 3x | 2.9x | 0.7x |
| Sun, 07 Jul 2024 | ₦87.6b | ₦105.6b | ₦31.6b | 2.9x | 2.8x | 0.8x |
| Tue, 04 Jun 2024 | ₦82.8b | ₦99.4b | ₦26.9b | 3.3x | 3.1x | 0.8x |
| Thu, 02 May 2024 | ₦76.8b | ₦99.4b | ₦26.9b | 3.2x | 2.9x | 0.8x |
| Sat, 30 Mar 2024 | ₦84.3b | ₦99.4b | ₦26.9b | 3.5x | 3.1x | 0.8x |
| Mon, 26 Feb 2024 | ₦87.4b | ₦99.4b | ₦26.9b | 3.2x | 3.2x | 0.9x |
| Wed, 24 Jan 2024 | ₦88.8b | ₦96.8b | ₦19.4b | 3.3x | 4.6x | 0.9x |
| Fri, 22 Dec 2023 | ₦66.4b | ₦94.0b | ₦19.6b | 2.7x | 3.4x | 0.7x |
| Sun, 19 Nov 2023 | ₦66.7b | ₦92.1b | ₦19.6b | 2.3x | 3.4x | 0.7x |
| Tue, 17 Oct 2023 | ₦64.4b | ₦86.0b | ₦17.5b | 3.8x | 3.7x | 0.7x |
| Thu, 14 Sep 2023 | ₦55.8b | ₦85.1b | ₦17.4b | 2.8x | 3.2x | 0.7x |
| Sat, 12 Aug 2023 | ₦55.2b | ₦80.2b | ₦17.5b | 3x | 3.2x | 0.7x |
| Mon, 10 Jul 2023 | ₦56.9b | ₦79.2b | ₦7.3b | 4.4x | 7.8x | 0.7x |
| Wed, 07 Jun 2023 | ₦42.9b | ₦79.1b | ₦8.2b | 3.6x | 5.2x | 0.5x |
| Fri, 05 May 2023 | ₦36.4b | ₦80.5b | ₦9.0b | 3.6x | 4x | 0.5x |
| Sun, 02 Apr 2023 | ₦36.1b | ₦78.0b | ₦8.8b | 4.1x | 4.1x | 0.5x |
| Tue, 28 Feb 2023 | ₦36.4b | ₦78.2b | ₦8.8b | 3.9x | 4.2x | 0.5x |
| Thu, 26 Jan 2023 | ₦39.3b | ₦73.1b | ₦2.7b | 5.4x | 14.6x | 0.5x |
| Sat, 24 Dec 2022 | ₦37.7b | ₦71.5b | ₦3.7b | 3.9x | 10.3x | 0.5x |
| Mon, 21 Nov 2022 | ₦29.8b | ₦68.9b | ₦4.6b | 4x | 6.4x | 0.4x |
| Wed, 19 Oct 2022 | ₦32.2b | ₦66.1b | ₦3.7b | 4x | 8.8x | 0.5x |
| Fri, 16 Sep 2022 | ₦38.2b | ₦60.3b | ₦2.3b | 4x | 16.5x | 0.6x |
| Sun, 14 Aug 2022 | ₦41.3b | ₦60.3b | ₦1.9b | 4.2x | 21.8x | 0.7x |
| Tue, 12 Jul 2022 | ₦39.8b | ₦60.1b | ₦1.9b | 4.2x | 21.4x | 0.7x |
| Thu, 09 Jun 2022 | ₦38.1b | ₦59.7b | ₦1.4b | 5.1x | 28.1x | 0.6x |
| Sat, 07 May 2022 | ₦39.6b | ₦60.2b | ₦1.1b | 8.5x | 36.6x | 0.7x |
| Mon, 04 Apr 2022 | ₦40.3b | ₦59.4b | ₦1.2b | 12.9x | 34x | 0.7x |
| Wed, 02 Mar 2022 | ₦44.2b | ₦59.4b | ₦1.2b | 13.2x | 37.2x | 0.7x |
| Fri, 28 Jan 2022 | ₦39.3b | ₦63.4b | -₦702,283,000.00 | 3.2x | -56x | 0.6x |
Price to Earnings Ratio
-56x
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 3.9x which is lower than its 3-year average PE of 7.9x.
- The 3-year average PS ratio of 0.68x is lower than the industry's current PS ratio of 1.1x.
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 36% 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 | -4.11% | |
| Financials | -0.089% | |
| Insurance | -1.31% | |
| General Insurance | -0.70% | |
| Property and Casualty Insurance | 0.61% | |
| Insurance Brokers | 0% | 0 |
| Reinsurance | 0% | 0 |
| Life and Health Insurance | -13.98% | |
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 | ₦2.56 | 11.3% +₦6.2b | 220.0% | PE5.6x | |
| UNIVINSURE Universal Insurance | ₦0.75 | 7.1% +₦800.0m | 70.5% | PS1.1x | |
| GUINEAINS Guinea Insurance | ₦0.94 | 5.6% +₦397.1m | 95.8% | PE7.6x | |
| LASACO LASACO Assurance | ₦3.16 | 2.3% +₦128.4m | 37.4% | PE3x | |
| ROYALEX Royal Exchange | ₦0.99 | 1.0% +₦82.7m | 41.4% | PS10.5x |