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, 02 Sep 2026	₦904.6b	₦782.5b	₦135.3b	14.7x	6.7x	1.2x
Fri, 31 Jul 2026	₦990.7b	₦745.1b	₦118.9b	19.4x	8.3x	1.3x
Sun, 28 Jun 2026	₦910.7b	₦739.6b	₦107.8b	19.5x	8.4x	1.2x
Tue, 26 May 2026	₦1.0t	₦740.0b	₦108.0b	19.1x	9.3x	1.4x
Thu, 23 Apr 2026	₦964.0b	₦707.8b	₦109.6b	9.3x	8.8x	1.4x
Sat, 21 Mar 2026	₦1.0t	₦775.4b	₦116.1b	13.8x	8.6x	1.3x
Mon, 16 Feb 2026	₦869.9b	₦775.4b	₦116.1b	14.2x	7.5x	1.1x
Wed, 14 Jan 2026	₦795.7b	₦682.5b	₦113.6b	7.8x	7x	1.2x
Fri, 12 Dec 2025	₦698.6b	₦682.5b	₦113.6b	7.3x	6.1x	1x
Sun, 09 Nov 2025	₦701.3b	₦655.6b	₦119.8b	7.6x	5.9x	1.1x
Tue, 07 Oct 2025	₦775.9b	₦659.4b	₦122.6b	13.8x	6.3x	1.2x
Thu, 04 Sep 2025	₦753.7b	₦658.7b	₦122.3b	13.6x	6.2x	1.1x
Sat, 02 Aug 2025	₦630.0b	₦642.2b	₦129.7b	5.8x	4.9x	1x
Mon, 30 Jun 2025	₦470.2b	₦608.5b	₦134.3b	4.3x	3.5x	0.8x
Wed, 28 May 2025	₦412.9b	₦598.3b	₦134.3b	4.4x	3.1x	0.7x
Fri, 25 Apr 2025	₦392.5b	₦558.7b	₦144.6b	3.7x	2.7x	0.7x
Sun, 23 Mar 2025	₦416.0b	₦552.6b	₦130.7b	3.7x	3.2x	0.8x
Tue, 18 Feb 2025	₦425.8b	₦552.6b	₦130.7b	4.2x	3.3x	0.8x
Thu, 16 Jan 2025	₦412.2b	₦537.2b	₦146.0b	4.1x	2.8x	0.8x
Sat, 14 Dec 2024	₦333.6b	₦537.2b	₦146.0b	2.7x	2.3x	0.6x
Mon, 11 Nov 2024	₦256.4b	₦518.8b	₦139.2b	2.1x	1.8x	0.5x
Wed, 09 Oct 2024	₦258.6b	₦427.5b	₦117.7b	2.1x	2.2x	0.6x
Fri, 06 Sep 2024	₦234.7b	₦427.6b	₦117.5b	2x	2x	0.5x
Sun, 04 Aug 2024	₦232.0b	₦443.0b	₦114.9b	2x	2x	0.5x
Tue, 02 Jul 2024	₦224.0b	₦368.0b	₦96.7b	3x	2.3x	0.6x
Thu, 30 May 2024	₦202.9b	₦353.3b	₦60.6b	4x	3.3x	0.6x
Sat, 27 Apr 2024	₦216.2b	₦353.3b	₦60.6b	3.9x	3.6x	0.6x
Mon, 25 Mar 2024	₦219.1b	₦353.3b	₦60.6b	4.2x	3.6x	0.6x
Wed, 21 Feb 2024	₦215.1b	₦353.3b	₦60.6b	4.5x	3.5x	0.6x
Fri, 19 Jan 2024	₦243.6b	₦267.1b	₦46.5b	6.2x	5.2x	0.9x
Sun, 17 Dec 2023	₦169.1b	₦267.1b	₦46.5b	4x	3.6x	0.6x
Tue, 14 Nov 2023	₦162.7b	₦263.4b	₦46.6b	3.2x	3.5x	0.6x
Thu, 12 Oct 2023	₦161.1b	₦242.5b	₦43.6b	3.4x	3.7x	0.7x
Sat, 09 Sep 2023	₦159.3b	₦242.6b	₦43.6b	3.6x	3.7x	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 6.7x which is higher than its 3-year average PE of 4.7x.

The 3-year average PS ratio of 0.86x 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 46% per year over the last three years.
Revenues for these companies have grown 48% 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	2.16%
Financials	5.95%
Insurance	1.11%
Property and Casualty Insurance	1.04%
General Insurance	3.96%
Life and Health Insurance	-3.25%

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
NEM NEM Insurance	₦31.90	6.3% +₦9.5b	2.2%	PE6.1x
CUSTODIAN Custodian Investment	₦73.45	2.2% +₦9.4b	80.2%	PE6.1x
SOVRENINS Sovereign Trust Insurance	₦2.06	15.1% +₦3.8b	-27.7%	PS0.8x
SUNUASSUR Sunu Assurances Nigeria	₦3.43	10.6% +₦1.9b	-38.1%	PE57x
REGALINS Regency Alliance Insurance	₦0.86	7.5% +₦960.3m	-11.8%	PE21.6x

Company

Last Price

Valuation

NEM NEM Insurance

₦31.90

6.3%
+₦9.5b

2.2%

PE6.1x

CUSTODIAN Custodian Investment

₦73.45

2.2%
+₦9.4b

80.2%

PE6.1x

SOVRENINS Sovereign Trust Insurance

₦2.06

15.1%
+₦3.8b

-27.7%

PS0.8x

SUNUASSUR Sunu Assurances Nigeria

₦3.43

10.6%
+₦1.9b

-38.1%

PE57x

REGALINS Regency Alliance Insurance

₦0.86

7.5%
+₦960.3m

-11.8%

PE21.6x

New minor risk - Share price stability

The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Nigerian stocks, typically moving 9.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (90% accrual ratio). Market cap is less than US$10m (₦13.1b market cap, or US$9.65m). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Profit margins are more than 30% lower than last year (5.3% net profit margin).

Nigerian (NSE) Property and Casualty Insurance Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

Investor sentiment deteriorates as stock falls 27%

New minor risk - Share price stability

Sunu Assurances Nigeria Plc, Annual General Meeting, Aug 21, 2026

Upcoming dividend of ₦0.25 per share

New major risk - Share price stability

New minor risk - Share price stability

New minor risk - Profit margin trend

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

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

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