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
Sun, 02 Aug 2026	₦1.0t	₦749.4b	₦115.6b	14x	8.7x	1.3x
Tue, 30 Jun 2026	₦901.9b	₦739.6b	₦107.8b	19.5x	8.4x	1.2x
Thu, 28 May 2026	₦1.0t	₦740.0b	₦108.0b	21x	9.3x	1.4x
Sat, 25 Apr 2026	₦962.1b	₦707.8b	₦109.6b	9.3x	8.8x	1.4x
Mon, 23 Mar 2026	₦1.0t	₦775.4b	₦116.1b	13.8x	8.6x	1.3x
Wed, 18 Feb 2026	₦895.7b	₦775.4b	₦116.1b	15.1x	7.7x	1.2x
Fri, 16 Jan 2026	₦794.3b	₦682.5b	₦113.6b	8.1x	7x	1.2x
Sun, 14 Dec 2025	₦701.3b	₦682.5b	₦113.6b	7.3x	6.2x	1x
Tue, 11 Nov 2025	₦678.7b	₦655.6b	₦119.8b	7.6x	5.7x	1x
Thu, 09 Oct 2025	₦774.4b	₦659.4b	₦122.6b	13.5x	6.3x	1.2x
Sat, 06 Sep 2025	₦781.3b	₦658.7b	₦122.3b	14.8x	6.4x	1.2x
Mon, 04 Aug 2025	₦630.0b	₦643.6b	₦124.5b	5.8x	5.1x	1x
Wed, 02 Jul 2025	₦479.9b	₦608.5b	₦134.3b	4.3x	3.6x	0.8x
Fri, 30 May 2025	₦430.3b	₦608.1b	₦134.3b	4.2x	3.2x	0.7x
Sun, 27 Apr 2025	₦393.2b	₦558.7b	₦144.6b	3.4x	2.7x	0.7x
Tue, 25 Mar 2025	₦407.4b	₦552.6b	₦130.7b	3.7x	3.1x	0.7x
Thu, 20 Feb 2025	₦426.4b	₦552.6b	₦130.7b	4.2x	3.3x	0.8x
Sat, 18 Jan 2025	₦421.8b	₦537.2b	₦146.0b	4.1x	2.9x	0.8x
Mon, 16 Dec 2024	₦333.6b	₦537.2b	₦146.0b	2.7x	2.3x	0.6x
Wed, 13 Nov 2024	₦263.7b	₦470.3b	₦123.9b	2.2x	2.1x	0.6x
Fri, 11 Oct 2024	₦259.6b	₦427.5b	₦117.7b	2.1x	2.2x	0.6x
Sun, 08 Sep 2024	₦234.8b	₦427.6b	₦117.5b	2x	2x	0.5x
Tue, 06 Aug 2024	₦230.0b	₦454.4b	₦115.4b	2x	2x	0.5x
Thu, 04 Jul 2024	₦227.3b	₦368.0b	₦96.7b	3.1x	2.4x	0.6x
Sat, 01 Jun 2024	₦207.3b	₦353.3b	₦60.6b	4x	3.4x	0.6x
Mon, 29 Apr 2024	₦216.2b	₦353.3b	₦60.6b	3.9x	3.6x	0.6x
Wed, 27 Mar 2024	₦223.5b	₦353.3b	₦60.6b	4.4x	3.7x	0.6x
Fri, 23 Feb 2024	₦213.7b	₦353.3b	₦60.6b	4.6x	3.5x	0.6x
Sun, 21 Jan 2024	₦244.2b	₦267.1b	₦46.5b	6x	5.3x	0.9x
Tue, 19 Dec 2023	₦169.1b	₦267.1b	₦46.5b	4x	3.6x	0.6x
Thu, 16 Nov 2023	₦164.6b	₦268.1b	₦45.5b	3.4x	3.6x	0.6x
Sat, 14 Oct 2023	₦157.9b	₦242.5b	₦43.6b	3.4x	3.6x	0.7x
Mon, 11 Sep 2023	₦158.0b	₦242.6b	₦43.6b	3.6x	3.6x	0.7x
Wed, 09 Aug 2023	₦166.3b	₦239.8b	₦42.6b	4.5x	3.9x	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 8.7x which is higher than its 3-year average PE of 4.6x.

The 3-year average PS ratio of 0.84x is lower than the industry's current PS ratio of 1.3x.

Past Earnings Growth

The earnings for companies in the Property and Casualty Insurance industry have grown 39% per year over the last three years.
Revenues for these companies have grown 46% 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	-0.98%
Financials	-0.67%
Insurance	1.57%
Property and Casualty Insurance	3.39%
Life and Health Insurance	1.19%
General Insurance	-4.28%

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
CONHALLPLC Consolidated Hallmark Holdings	₦8.36	19.6% +₦14.9b	165.4%	PE2.8x
NEM NEM Insurance	₦34.20	7.9% +₦12.5b	34.6%	PE6.5x
CUSTODIAN Custodian Investment	₦80.00	2.0% +₦9.1b	105.1%	PE6.6x
LINKASSURE Linkage Assurance	₦1.60	6.7% +₦1.8b	10.3%	PE6.7x
PRESTIGE Prestige Assurance	₦1.48	5.7% +₦1.1b	17.5%	PE17.2x

Company

Last Price

Valuation

CONHALLPLC Consolidated Hallmark Holdings

₦8.36

19.6%
+₦14.9b

165.4%

PE2.8x

NEM NEM Insurance

₦34.20

7.9%
+₦12.5b

34.6%

PE6.5x

CUSTODIAN Custodian Investment

₦80.00

2.0%
+₦9.1b

105.1%

PE6.6x

LINKASSURE Linkage Assurance

₦1.60

6.7%
+₦1.8b

10.3%

PE6.7x

PRESTIGE Prestige Assurance

₦1.48

5.7%
+₦1.1b

17.5%

PE17.2x

New minor risk - Dividend sustainability

The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.8% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.

Nigerian (NSE) Property and Casualty Insurance Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

New major risk - Revenue and earnings growth

Second quarter 2026 earnings released: EPS: ₦0.87 (vs ₦0.072 in 2Q 2025)

Second quarter 2026 earnings released: ₦0.02 loss per share (vs ₦0.067 profit in 2Q 2025)

First half 2026 earnings released: EPS: ₦2.33 (vs ₦0.11 in 1H 2025)

Second quarter 2026 earnings released: EPS: ₦0.014 (vs ₦0.038 in 2Q 2025)

New minor risk - Dividend sustainability

Second quarter 2026 earnings released: EPS: ₦0.039 (vs ₦0.004 loss in 2Q 2025)

Second quarter 2026 earnings released: ₦0.17 loss per share (vs ₦0.058 profit in 2Q 2025)

NEM Insurance Plc Reports Weaker Q1 2026 Earnings Amid Higher Claims Costs and Insurance Finance Expenses Despite Strong Revenue Growth

Fortis Global Insurance Plc to Report Q2, 2026 Results on Jul 23, 2026

Investor sentiment deteriorates as stock falls 16%

Regency Alliance Insurance Plc to Report Fiscal Year 2025 Final Results on Jul 13, 2026