Nigerian (NSE) Property and Casualty Insurance Industry Analysis

Industry Valuation and Performance

Has the Nigerian Property and Casualty Insurance Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 08 Jul 2026	₦861.7b	₦739.7b	₦107.6b	21.4x	8x	1.2x
Fri, 05 Jun 2026	₦1.0t	₦739.4b	₦108.0b	24.2x	9.4x	1.4x
Sun, 03 May 2026	₦1.0t	₦729.5b	₦115.1b	9.6x	8.8x	1.4x
Tue, 31 Mar 2026	₦1.0t	₦775.4b	₦116.1b	13.6x	8.6x	1.3x
Thu, 26 Feb 2026	₦946.5b	₦775.4b	₦116.1b	14.2x	8.1x	1.2x
Sat, 24 Jan 2026	₦815.3b	₦678.3b	₦111.5b	8.5x	7.3x	1.2x
Mon, 22 Dec 2025	₦718.5b	₦682.5b	₦113.6b	7.1x	6.3x	1.1x
Wed, 19 Nov 2025	₦730.0b	₦686.1b	₦115.2b	8.1x	6.3x	1.1x
Fri, 17 Oct 2025	₦792.7b	₦659.4b	₦122.6b	14x	6.5x	1.2x
Sun, 14 Sep 2025	₦773.5b	₦658.7b	₦122.3b	14x	6.3x	1.2x
Tue, 12 Aug 2025	₦827.9b	₦669.6b	₦135.6b	8.2x	6.1x	1.2x
Thu, 10 Jul 2025	₦533.7b	₦608.5b	₦134.3b	5.2x	4x	0.9x
Sat, 07 Jun 2025	₦426.2b	₦608.0b	₦134.3b	4x	3.2x	0.7x
Mon, 05 May 2025	₦384.8b	₦593.7b	₦134.9b	3.7x	2.9x	0.6x
Wed, 02 Apr 2025	₦416.1b	₦552.6b	₦130.7b	3.9x	3.2x	0.8x
Fri, 28 Feb 2025	₦419.0b	₦552.6b	₦130.7b	4.1x	3.2x	0.8x
Sun, 26 Jan 2025	₦413.8b	₦537.2b	₦146.0b	4.4x	2.8x	0.8x
Tue, 24 Dec 2024	₦377.0b	₦537.2b	₦146.0b	3.1x	2.6x	0.7x
Thu, 21 Nov 2024	₦271.9b	₦530.6b	₦144.0b	2.5x	1.9x	0.5x
Sat, 19 Oct 2024	₦250.2b	₦427.5b	₦117.7b	2.1x	2.1x	0.6x
Mon, 16 Sep 2024	₦245.3b	₦427.6b	₦117.5b	2.1x	2.1x	0.6x
Wed, 14 Aug 2024	₦232.3b	₦423.8b	₦116.9b	2x	2x	0.5x
Fri, 12 Jul 2024	₦224.4b	₦370.7b	₦98.9b	2.4x	2.3x	0.6x
Sun, 09 Jun 2024	₦218.7b	₦418.6b	₦94.4b	2.6x	2.3x	0.5x
Tue, 07 May 2024	₦222.8b	₦353.3b	₦60.6b	4x	3.7x	0.6x
Thu, 04 Apr 2024	₦220.7b	₦353.3b	₦60.6b	4.4x	3.6x	0.6x
Sat, 02 Mar 2024	₦201.2b	₦353.3b	₦60.6b	4.2x	3.3x	0.6x
Mon, 29 Jan 2024	₦245.7b	₦267.1b	₦46.5b	6.4x	5.3x	0.9x
Wed, 27 Dec 2023	₦180.0b	₦267.1b	₦46.5b	4.3x	3.9x	0.7x
Fri, 24 Nov 2023	₦172.7b	₦267.2b	₦46.5b	4.5x	3.7x	0.6x
Sun, 22 Oct 2023	₦157.3b	₦242.5b	₦43.6b	3.3x	3.6x	0.6x
Tue, 19 Sep 2023	₦155.7b	₦242.6b	₦43.6b	3.5x	3.6x	0.6x
Thu, 17 Aug 2023	₦162.1b	₦239.5b	₦43.8b	3.7x	3.7x	0.7x
Sat, 15 Jul 2023	₦155.7b	₦208.6b	₦27.2b	4.5x	5.7x	0.7x

Current Industry PE

Investors are optimistic on the Nigerian Property and Casualty Insurance industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 8.2x which is higher than its 3-year average PE of 4.5x.

The 3-year average PS ratio of 0.83x is lower than the industry's current PS ratio of 1.2x.

Past Earnings Growth

The earnings for companies in the Property and Casualty Insurance industry have grown 58% per year over the last three years.
Revenues for these companies have grown 53% 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 Property and Casualty Insurance compare with similar industries?


NG Market	2.54%
Financials	2.38%
Insurance	1.70%
Property and Casualty Insurance	-0.13%
General Insurance	7.31%
Life and Health Insurance	1.94%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

Company	Last Price	7D	1Y	Valuation
CONHALLPLC Consolidated Hallmark Holdings	₦6.88	14.7% +₦9.5b	129.3%	PE8.8x
SUNUASSUR Sunu Assurances Nigeria	₦3.95	9.7% +₦2.0b	-6.4%	PE21.4x
VERITASKAP Veritas Kapital Assurance	₦1.50	9.5% +₦1.8b	31.6%	PE5.7x
REGALINS Regency Alliance Insurance	₦0.95	13.1% +₦1.8b	37.7%	PE24.6x
SOVRENINS Sovereign Trust Insurance	₦2.00	4.7% +₦1.3b	55.0%	PE93.2x

Company

Last Price

Valuation

CONHALLPLC Consolidated Hallmark Holdings

₦6.88

14.7%
+₦9.5b

129.3%

PE8.8x

SUNUASSUR Sunu Assurances Nigeria

₦3.95

9.7%
+₦2.0b

-6.4%

PE21.4x

VERITASKAP Veritas Kapital Assurance

₦1.50

9.5%
+₦1.8b

31.6%

PE5.7x

REGALINS Regency Alliance Insurance

₦0.95

13.1%
+₦1.8b

37.7%

PE24.6x

SOVRENINS Sovereign Trust Insurance

₦2.00

4.7%
+₦1.3b

55.0%

PE93.2x

New major risk - Earnings quality

The company has a high level of non-cash earnings. Accrual ratio: 95% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). High level of non-cash earnings (95% accrual ratio). Shareholders have been substantially diluted in the past year (97% increase in shares outstanding). Market cap is less than US$10m (₦13.2b market cap, or US$9.66m). Minor Risks Profit margins are more than 30% lower than last year (8.8% net profit margin). Revenue is less than US$5m (₦5.6b revenue, or US$4.1m).

Nigerian (NSE) Property and Casualty Insurance Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

Now 27% overvalued after recent price rise

AXA Mansard Insurance Plc to Report Q2, 2026 Results on Jul 30, 2026

Veritas Kapital Assurance Plc to Report Q2, 2026 Results on Jul 30, 2026

New minor risk - Market cap size

New major risk - Earnings quality

Prestige Assurance Plc to Report Q2, 2026 Results on Jul 29, 2026

Custodian Investment Plc to Report Q2, 2026 Results on Jul 29, 2026

New major risk - Market cap size

Fortis Global Insurance Plc, Annual General Meeting, Jun 26, 2026

Sunu Assurances Nigeria Plc Projects N1.19bn Profit for H1 2025

Investor sentiment improves as stock rises 15%

Investor sentiment improves as stock rises 18%