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Nigerian (NSE) General Insurance Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies8
- 7D5.9%
- 3M20.5%
- 1Y47.6%
- YTDn/a
In the last week, the General Insurance industry is up 4.1%, with Coronation Insurance up 12%. This means that the industry has gained 48% over the past year.
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 |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | ₦105.6b | ₦158.4b | ₦44.3b | 2.5x | 2.4x | 0.7x |
| Sat, 19 Oct 2024 | ₦97.3b | ₦145.4b | ₦50.6b | 2.5x | 1.9x | 0.7x |
| Mon, 16 Sep 2024 | ₦96.7b | ₦135.2b | ₦48.0b | 2.9x | 2x | 0.7x |
| Wed, 14 Aug 2024 | ₦87.6b | ₦128.4b | ₦30.6b | 2.9x | 2.9x | 0.7x |
| Fri, 12 Jul 2024 | ₦88.4b | ₦120.1b | ₦29.8b | 2.9x | 3x | 0.7x |
| Sun, 09 Jun 2024 | ₦79.4b | ₦99.4b | ₦26.9b | 3x | 3x | 0.8x |
| Tue, 07 May 2024 | ₦82.2b | ₦99.4b | ₦26.9b | 3.3x | 3.1x | 0.8x |
| Thu, 04 Apr 2024 | ₦86.1b | ₦99.4b | ₦26.9b | 3.4x | 3.2x | 0.9x |
| Sat, 02 Mar 2024 | ₦85.7b | ₦99.4b | ₦26.9b | 3.6x | 3.2x | 0.9x |
| Mon, 29 Jan 2024 | ₦87.3b | ₦96.8b | ₦19.4b | 3.7x | 4.5x | 0.9x |
| Wed, 27 Dec 2023 | ₦66.3b | ₦94.0b | ₦19.6b | 2.7x | 3.4x | 0.7x |
| Fri, 24 Nov 2023 | ₦71.1b | ₦94.0b | ₦19.6b | 3x | 3.6x | 0.8x |
| Sun, 22 Oct 2023 | ₦63.2b | ₦86.0b | ₦17.5b | 3.7x | 3.6x | 0.7x |
| Tue, 19 Sep 2023 | ₦59.0b | ₦85.1b | ₦17.4b | 2.9x | 3.4x | 0.7x |
| Thu, 17 Aug 2023 | ₦59.8b | ₦80.2b | ₦17.5b | 3x | 3.4x | 0.7x |
| Sat, 15 Jul 2023 | ₦53.1b | ₦79.2b | ₦7.3b | 3.8x | 7.2x | 0.7x |
| Mon, 12 Jun 2023 | ₦48.7b | ₦80.4b | ₦7.9b | 4.3x | 6.2x | 0.6x |
| Wed, 10 May 2023 | ₦37.2b | ₦80.6b | ₦9.0b | 3.9x | 4.1x | 0.5x |
| Fri, 07 Apr 2023 | ₦37.2b | ₦78.0b | ₦8.8b | 4x | 4.2x | 0.5x |
| Sun, 05 Mar 2023 | ₦36.0b | ₦78.2b | ₦8.8b | 4x | 4.1x | 0.5x |
| Tue, 31 Jan 2023 | ₦40.7b | ₦73.2b | ₦2.8b | 5.5x | 14.5x | 0.6x |
| Thu, 29 Dec 2022 | ₦39.0b | ₦71.5b | ₦3.7b | 3.9x | 10.6x | 0.5x |
| Sat, 26 Nov 2022 | ₦31.5b | ₦70.5b | ₦4.6b | 4x | 6.8x | 0.4x |
| Mon, 24 Oct 2022 | ₦31.7b | ₦66.1b | ₦3.7b | 4x | 8.7x | 0.5x |
| Wed, 21 Sep 2022 | ₦39.0b | ₦60.3b | ₦2.3b | 4x | 16.9x | 0.6x |
| Fri, 19 Aug 2022 | ₦40.4b | ₦60.3b | ₦1.9b | 4.1x | 21.4x | 0.7x |
| Sun, 17 Jul 2022 | ₦37.7b | ₦60.1b | ₦1.9b | 3.6x | 20.3x | 0.6x |
| Tue, 14 Jun 2022 | ₦37.9b | ₦59.7b | ₦1.4b | 5.3x | 27.9x | 0.6x |
| Thu, 12 May 2022 | ₦40.2b | ₦60.2b | ₦1.1b | 8.5x | 37.1x | 0.7x |
| Sat, 09 Apr 2022 | ₦38.3b | ₦59.7b | ₦1.7b | 13.1x | 22.7x | 0.6x |
| Mon, 07 Mar 2022 | ₦41.8b | ₦59.4b | ₦1.2b | 13.1x | 35.3x | 0.7x |
| Wed, 02 Feb 2022 | ₦41.0b | ₦61.5b | -₦4,838,548,000.00 | 12.9x | -8.5x | 0.7x |
| Fri, 31 Dec 2021 | ₦39.4b | ₦62.1b | -₦384,627,000.00 | 3.1x | -102.6x | 0.6x |
| Sun, 28 Nov 2021 | ₦38.2b | ₦62.2b | -₦384,628,000.00 | 3.4x | -99.3x | 0.6x |
Price to Earnings Ratio
-99.3x
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 2.3x which is lower than its 3-year average PE of 3.2x.
- The industry is trading close to its 3-year average PS ratio of 0.66x.
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 | 0.94% | |
| Financials | 1.19% | |
| Insurance | 4.15% | |
| General Insurance | 5.86% | |
| Property and Casualty Insurance | 4.27% | |
| Insurance Brokers | 0% | |
| Life and Health Insurance | 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 | ₦1.12 | 12.0% +₦2.9b | 40.0% | PE2.5x | |
| CORNERST Cornerstone Insurance | ₦2.60 | 4.0% +₦1.8b | 84.4% | PE1.8x | |
| GUINEAINS Guinea Insurance | ₦0.52 | 20.9% +₦714.9m | 79.3% | PE4.2x | |
| UNIVINSURE Universal Insurance | ₦0.34 | 6.3% +₦320.0m | 41.7% | PS0.5x | |
| LASACO LASACO Assurance | ₦2.54 | 6.7% +₦293.4m | 33.0% | PE2.4x |