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Nigerian (NSE) General Insurance Industry Analysis
UpdatedApr 15, 2025
DataAggregated Company Financials
Companies7
- 7D4.4%
- 3M-12.3%
- 1Y85.9%
- YTDn/a
In the last week, the General Insurance industry is up 2.1%, with Coronation Insurance up 16%. In the last 12 months, the industry was up 82%.
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, 15 Apr 2025 | ₦149.0b | ₦206.6b | ₦43.2b | 5.4x | 3.4x | 0.7x |
| Thu, 13 Mar 2025 | ₦156.6b | ₦191.3b | ₦41.8b | 5.8x | 3.7x | 0.8x |
| Sat, 08 Feb 2025 | ₦167.0b | ₦180.3b | ₦40.1b | 4.6x | 4.2x | 0.9x |
| Mon, 06 Jan 2025 | ₦193.4b | ₦158.4b | ₦44.3b | 3.5x | 4.4x | 1.2x |
| Wed, 04 Dec 2024 | ₦107.9b | ₦158.4b | ₦44.3b | 2.2x | 2.4x | 0.7x |
| Fri, 01 Nov 2024 | ₦97.5b | ₦147.7b | ₦48.0b | 2.4x | 2x | 0.7x |
| Sun, 29 Sep 2024 | ₦96.6b | ₦135.2b | ₦48.0b | 2.9x | 2x | 0.7x |
| Tue, 27 Aug 2024 | ₦91.0b | ₦129.8b | ₦47.2b | 2.9x | 1.9x | 0.7x |
| Thu, 25 Jul 2024 | ₦82.7b | ₦120.1b | ₦29.8b | 2.9x | 2.8x | 0.7x |
| Sat, 22 Jun 2024 | ₦83.2b | ₦99.4b | ₦26.9b | 3.2x | 3.1x | 0.8x |
| Mon, 20 May 2024 | ₦80.1b | ₦99.4b | ₦26.9b | 3.2x | 3x | 0.8x |
| Wed, 17 Apr 2024 | ₦80.2b | ₦99.4b | ₦26.9b | 3.3x | 3x | 0.8x |
| Fri, 15 Mar 2024 | ₦84.5b | ₦99.4b | ₦26.9b | 3.4x | 3.1x | 0.9x |
| Sun, 11 Feb 2024 | ₦91.5b | ₦99.4b | ₦26.9b | 3.4x | 3.4x | 0.9x |
| Tue, 09 Jan 2024 | ₦85.5b | ₦94.0b | ₦19.6b | 3.7x | 4.4x | 0.9x |
| Thu, 07 Dec 2023 | ₦65.8b | ₦94.0b | ₦19.6b | 2.7x | 3.4x | 0.7x |
| Sat, 04 Nov 2023 | ₦67.9b | ₦96.7b | ₦19.8b | 3.6x | 3.4x | 0.7x |
| Mon, 02 Oct 2023 | ₦66.1b | ₦86.0b | ₦17.5b | 3.6x | 3.8x | 0.8x |
| Wed, 30 Aug 2023 | ₦59.1b | ₦85.1b | ₦17.4b | 3.1x | 3.4x | 0.7x |
| Fri, 28 Jul 2023 | ₦53.2b | ₦79.2b | ₦7.3b | 3.9x | 7.2x | 0.7x |
| Sun, 25 Jun 2023 | ₦63.0b | ₦78.8b | ₦7.2b | 4.4x | 8.8x | 0.8x |
| Tue, 23 May 2023 | ₦40.8b | ₦80.6b | ₦9.0b | 4.5x | 4.5x | 0.5x |
| Thu, 20 Apr 2023 | ₦35.4b | ₦79.2b | ₦8.3b | 4.6x | 4.3x | 0.4x |
| Sat, 18 Mar 2023 | ₦36.0b | ₦78.0b | ₦8.8b | 4x | 4.1x | 0.5x |
| Mon, 13 Feb 2023 | ₦35.1b | ₦78.2b | ₦8.8b | 3.6x | 4x | 0.4x |
| Wed, 11 Jan 2023 | ₦40.2b | ₦71.5b | ₦3.7b | 4.1x | 11x | 0.6x |
| Fri, 09 Dec 2022 | ₦34.5b | ₦71.5b | ₦3.7b | 4x | 9.4x | 0.5x |
| Sun, 06 Nov 2022 | ₦30.3b | ₦68.5b | ₦4.8b | 4x | 6.3x | 0.4x |
| Tue, 04 Oct 2022 | ₦32.8b | ₦71.7b | ₦3.7b | 4x | 9x | 0.5x |
| Thu, 01 Sep 2022 | ₦40.5b | ₦60.0b | ₦1.9b | 4x | 21.4x | 0.7x |
| Sat, 30 Jul 2022 | ₦40.7b | ₦60.1b | ₦1.9b | 4.4x | 21.9x | 0.7x |
| Mon, 27 Jun 2022 | ₦38.1b | ₦59.7b | ₦1.4b | 5x | 28.1x | 0.6x |
| Wed, 25 May 2022 | ₦39.9b | ₦60.2b | ₦1.1b | 8.5x | 36.8x | 0.7x |
| Fri, 22 Apr 2022 | ₦39.5b | ₦59.7b | ₦1.7b | 8.5x | 23.9x | 0.7x |
Price to Earnings Ratio
23.9x
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 3.4x which is lower than its 3-year average PE of 7.6x.
- The industry is trading close to its 3-year average PS ratio of 0.69x.
Past Earnings Growth
- The earnings for companies in the Multi-line Insurance industry have grown 197% per year over the last three years.
- Revenues for these companies have grown 51% 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 | 0.45% | |
| Financials | 1.78% | |
| Insurance | 2.01% | |
| General Insurance | 4.43% | |
| Life and Health Insurance | 10.58% | |
| Property and Casualty Insurance | -0.18% | |
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 | ₦2.26 | 15.9% +₦7.4b | 237.3% | PE5.5x | |
| UNIVINSURE Universal Insurance | ₦0.52 | 8.3% +₦640.0m | 44.4% | PE5.4x | |
| MBENEFIT Mutual Benefits Assurance | ₦0.91 | 3.4% +₦601.8m | 51.7% | PE2.7x |