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Nigerian (NSE) General Insurance Industry Analysis
UpdatedDec 24, 2025
DataAggregated Company Financials
Companies7
- 7D1.9%
- 3M-10.0%
- 1Y89.5%
- YTDn/a
In the last week, the General Insurance industry is up 2.5%, with Cornerstone Insurance up 6.2%. This means that the industry has gained 87% 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 |
|---|---|---|---|---|---|---|
| Wed, 24 Dec 2025 | ₦309.5b | ₦274.7b | ₦39.4b | 10.6x | 7.9x | 1.1x |
| Fri, 21 Nov 2025 | ₦314.7b | ₦275.2b | ₦39.7b | 9.8x | 7.9x | 1.1x |
| Sun, 19 Oct 2025 | ₦353.0b | ₦256.1b | ₦32.6b | 12.7x | 10.8x | 1.4x |
| Tue, 16 Sep 2025 | ₦378.4b | ₦256.1b | ₦32.6b | 12.9x | 11.6x | 1.5x |
| Thu, 14 Aug 2025 | ₦456.9b | ₦247.3b | ₦36.7b | 16.6x | 12.4x | 1.8x |
| Sat, 12 Jul 2025 | ₦230.6b | ₦213.0b | ₦31.6b | 8.7x | 7.3x | 1.1x |
| Mon, 09 Jun 2025 | ₦200.5b | ₦221.7b | ₦29.6b | 6.7x | 6.8x | 0.9x |
| Wed, 07 May 2025 | ₦143.3b | ₦210.4b | ₦43.0b | 4.9x | 3.3x | 0.7x |
| Fri, 04 Apr 2025 | ₦157.7b | ₦207.2b | ₦42.8b | 5.1x | 3.7x | 0.8x |
| Sun, 02 Mar 2025 | ₦160.9b | ₦191.3b | ₦41.8b | 6.3x | 3.9x | 0.8x |
| Tue, 28 Jan 2025 | ₦169.2b | ₦158.4b | ₦44.3b | 3x | 3.8x | 1.1x |
| Thu, 26 Dec 2024 | ₦137.9b | ₦158.4b | ₦44.3b | 2.6x | 3.1x | 0.9x |
| Sat, 23 Nov 2024 | ₦103.0b | ₦158.4b | ₦44.3b | 2.4x | 2.3x | 0.7x |
| Mon, 21 Oct 2024 | ₦97.3b | ₦145.4b | ₦50.6b | 2.5x | 1.9x | 0.7x |
| Wed, 18 Sep 2024 | ₦96.7b | ₦135.2b | ₦48.0b | 2.9x | 2x | 0.7x |
| Fri, 16 Aug 2024 | ₦86.6b | ₦128.8b | ₦30.8b | 2.9x | 2.8x | 0.7x |
| Sun, 14 Jul 2024 | ₦87.7b | ₦120.1b | ₦29.8b | 2.9x | 2.9x | 0.7x |
| Tue, 11 Jun 2024 | ₦79.4b | ₦99.4b | ₦26.9b | 3.1x | 3x | 0.8x |
| Thu, 09 May 2024 | ₦80.7b | ₦99.4b | ₦26.9b | 3.2x | 3x | 0.8x |
| Sat, 06 Apr 2024 | ₦83.4b | ₦99.4b | ₦26.9b | 3.6x | 3.1x | 0.8x |
| Mon, 04 Mar 2024 | ₦85.7b | ₦99.4b | ₦26.9b | 3.6x | 3.2x | 0.9x |
| Wed, 31 Jan 2024 | ₦88.8b | ₦96.8b | ₦19.4b | 3.5x | 4.6x | 0.9x |
| Fri, 29 Dec 2023 | ₦67.2b | ₦94.0b | ₦19.6b | 2.7x | 3.4x | 0.7x |
| Sun, 26 Nov 2023 | ₦71.2b | ₦94.0b | ₦19.6b | 2.7x | 3.6x | 0.8x |
| Tue, 24 Oct 2023 | ₦63.2b | ₦86.0b | ₦17.5b | 3.7x | 3.6x | 0.7x |
| Thu, 21 Sep 2023 | ₦59.1b | ₦86.0b | ₦17.5b | 3.5x | 3.4x | 0.7x |
| Sat, 19 Aug 2023 | ₦59.7b | ₦80.2b | ₦17.5b | 2.8x | 3.4x | 0.7x |
| Mon, 17 Jul 2023 | ₦51.6b | ₦79.2b | ₦7.3b | 3.8x | 7x | 0.7x |
| Wed, 14 Jun 2023 | ₦50.0b | ₦80.4b | ₦7.9b | 4.3x | 6.4x | 0.6x |
| Fri, 12 May 2023 | ₦37.2b | ₦80.6b | ₦9.0b | 3.9x | 4.1x | 0.5x |
| Sun, 09 Apr 2023 | ₦36.3b | ₦78.0b | ₦8.8b | 4x | 4.1x | 0.5x |
| Tue, 07 Mar 2023 | ₦36.0b | ₦78.2b | ₦8.8b | 3.9x | 4.1x | 0.5x |
| Thu, 02 Feb 2023 | ₦39.8b | ₦78.4b | ₦7.3b | 6.1x | 5.5x | 0.5x |
| Sat, 31 Dec 2022 | ₦40.3b | ₦71.5b | ₦3.7b | 4x | 11x | 0.6x |
Price to Earnings Ratio
11x
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 7.8x which is higher than its 3-year average PE of 4.9x.
- The 3-year average PS ratio of 0.81x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Multi-line Insurance industry have grown 121% per year over the last three years.
- Revenues for these companies have grown 57% 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 | 2.92% | |
| Financials | 3.35% | |
| Insurance | 0.069% | |
| General Insurance | 1.92% | |
| Life and Health Insurance | 0.75% | |
| Property and Casualty Insurance | -0.86% | |
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 | |
|---|---|---|---|---|---|
| CORNERST Cornerstone Insurance | ₦5.79 | 5.3% +₦5.2b | 77.1% | PE11.4x | |
| WAPIC Coronation Insurance | ₦2.98 | 1.7% +₦1.2b | 75.3% | PE11.1x | |
| GUINEAINS Guinea Insurance | ₦1.15 | 6.5% +₦556.0m | 74.2% | PE21.8x | |
| ROYALEX Royal Exchange | ₦1.80 | 0.6% +₦82.7m | 111.8% | PE10x |