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Nigerian (NSE) General Insurance Industry Analysis
UpdatedAug 30, 2025
DataAggregated Company Financials
Companies7
- 7D-6.1%
- 3M102.9%
- 1Y197.3%
- YTDn/a
Over the last 7 days, the General Insurance industry has risen 3.6%, driven by gains from Coronation Insurance of 21%. This takes the industry's 12 month performance to a gain of 196%.
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 |
|---|---|---|---|---|---|---|
| Sat, 30 Aug 2025 | ₦360.6b | ₦256.1b | ₦32.6b | 12.7x | 11.1x | 1.4x |
| Mon, 28 Jul 2025 | ₦241.3b | ₦229.8b | ₦36.0b | 9x | 6.7x | 1x |
| Wed, 25 Jun 2025 | ₦200.7b | ₦213.0b | ₦31.6b | 6.9x | 6.4x | 0.9x |
| Fri, 23 May 2025 | ₦179.8b | ₦214.9b | ₦43.3b | 5.1x | 4.2x | 0.8x |
| Sun, 20 Apr 2025 | ₦139.4b | ₦206.6b | ₦43.2b | 5.1x | 3.2x | 0.7x |
| Tue, 18 Mar 2025 | ₦159.9b | ₦206.4b | ₦42.8b | 5.9x | 3.7x | 0.8x |
| Thu, 13 Feb 2025 | ₦166.0b | ₦181.1b | ₦39.2b | 4.5x | 4.2x | 0.9x |
| Sat, 11 Jan 2025 | ₦181.8b | ₦158.4b | ₦44.3b | 3.4x | 4.1x | 1.1x |
| Mon, 09 Dec 2024 | ₦116.0b | ₦158.4b | ₦44.3b | 2.4x | 2.6x | 0.7x |
| Wed, 06 Nov 2024 | ₦100.7b | ₦162.1b | ₦44.4b | 2.3x | 2.3x | 0.6x |
| Fri, 04 Oct 2024 | ₦98.9b | ₦143.3b | ₦48.3b | 2.5x | 2x | 0.7x |
| Sun, 01 Sep 2024 | ₦100.5b | ₦135.6b | ₦47.6b | 2.9x | 2.1x | 0.7x |
| Tue, 30 Jul 2024 | ₦82.6b | ₦120.1b | ₦29.8b | 2.9x | 2.8x | 0.7x |
| Thu, 27 Jun 2024 | ₦81.0b | ₦99.4b | ₦26.9b | 3.2x | 3x | 0.8x |
| Sat, 25 May 2024 | ₦77.9b | ₦99.4b | ₦26.9b | 3.3x | 2.9x | 0.8x |
| Mon, 22 Apr 2024 | ₦78.9b | ₦99.4b | ₦26.9b | 3.2x | 2.9x | 0.8x |
| Wed, 20 Mar 2024 | ₦85.5b | ₦99.4b | ₦26.9b | 3.5x | 3.2x | 0.9x |
| Fri, 16 Feb 2024 | ₦100.1b | ₦99.4b | ₦26.9b | 3.5x | 3.7x | 1x |
| Sun, 14 Jan 2024 | ₦87.2b | ₦96.8b | ₦19.4b | 4.1x | 4.5x | 0.9x |
| Tue, 12 Dec 2023 | ₦67.2b | ₦94.0b | ₦19.6b | 2.6x | 3.4x | 0.7x |
| Thu, 09 Nov 2023 | ₦69.6b | ₦98.2b | ₦21.9b | 2.3x | 3.2x | 0.7x |
| Sat, 07 Oct 2023 | ₦64.7b | ₦86.0b | ₦17.5b | 3.7x | 3.7x | 0.8x |
| Mon, 04 Sep 2023 | ₦60.2b | ₦85.1b | ₦17.4b | 3.3x | 3.5x | 0.7x |
| Wed, 02 Aug 2023 | ₦51.6b | ₦79.3b | ₦7.5b | 4.5x | 6.9x | 0.7x |
| Fri, 30 Jun 2023 | ₦63.8b | ₦79.2b | ₦7.3b | 3.9x | 8.7x | 0.8x |
| Sun, 28 May 2023 | ₦41.7b | ₦81.5b | ₦9.9b | 4.5x | 4.2x | 0.5x |
| Tue, 25 Apr 2023 | ₦36.1b | ₦79.2b | ₦8.3b | 4.6x | 4.3x | 0.5x |
| Thu, 23 Mar 2023 | ₦36.2b | ₦78.0b | ₦8.8b | 4x | 4.1x | 0.5x |
| Sat, 18 Feb 2023 | ₦34.8b | ₦78.2b | ₦8.8b | 3.7x | 4x | 0.4x |
| Mon, 16 Jan 2023 | ₦39.4b | ₦72.7b | ₦2.9b | 4.3x | 13.6x | 0.5x |
| Wed, 14 Dec 2022 | ₦35.6b | ₦71.5b | ₦3.7b | 3.9x | 9.7x | 0.5x |
| Fri, 11 Nov 2022 | ₦29.3b | ₦68.8b | ₦4.6b | 4x | 6.3x | 0.4x |
| Sun, 09 Oct 2022 | ₦30.7b | ₦66.1b | ₦3.7b | 4x | 8.4x | 0.5x |
| Tue, 06 Sep 2022 | ₦39.7b | ₦60.0b | ₦1.9b | 4x | 21x | 0.7x |
Price to Earnings Ratio
21x
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 11.2x which is higher than its 3-year average PE of 5.1x.
- The 3-year average PS ratio of 0.73x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Multi-line Insurance industry have grown 158% per year over the last three years.
- Revenues for these companies have grown 62% 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 | -0.71% | |
| Financials | -1.11% | |
| Insurance | -1.68% | |
| General Insurance | -6.06% | |
| Property and Casualty Insurance | 0.83% | |
| Life and Health Insurance | -3.26% | |
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 | ₦3.62 | 12.8% +₦9.8b | 325.9% | PE16x |