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Nigerian (NSE) General Insurance Industry Analysis

Updated-
DataAggregated Company Financials
Companies0
  • 7Dn/a
  • 3Mn/a
  • 1Yn/a
  • YTDn/a

Over the last 7 days, the General Insurance industry has remained flat, although notably Cornerstone Insurance gained 6.8%. Furthermore, the industry has been flat for the past year as well.

Industry Valuation and Performance

Has the Nigerian General Insurance Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
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Current Industry PE
  • Investors are pessimistic on the Nigerien 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 5.2x which is lower than its 3-year average PE of 15.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.56x.
Past Earnings Growth
  • The earnings for companies in the Multi-line Insurance industry have grown 91% per year over the last three years.
  • Revenues for these companies have grown 4.6% 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?

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?

CompanyLast Price7D1YValuation
CORNERST Cornerstone Insurance₦0.636.8%
+₦721.6m
10.5%PE3.9x
INTENEGINS International Energy Insurance₦0.9957.1%
+₦462.3m
160.5%PS0.8x
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Latest News

LASACO

₦0.96

LASACO Assurance

7D

-3.0%

1Y

-9.4%

MBENEFIT

₦0.36

Mutual Benefits Assurance

7D

-2.7%

1Y

38.5%

WAPIC

₦0.43

Coronation Insurance

7D

-4.4%

1Y

-14.0%

ROYALEX

₦0.82

Royal Exchange

7D

-2.4%

1Y

-2.4%

CORNERST

₦0.63

Cornerstone Insurance

7D

6.8%

1Y

10.5%