Niger Insurance Plc underwrites life and general insurance products in Nigeria.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦0.20|
|52 Week High||₦0.20|
|52 Week Low||₦0.36|
|1 Month Change||0%|
|3 Month Change||0%|
|1 Year Change||0%|
|3 Year Change||-28.57%|
|5 Year Change||-60.00%|
|Change since IPO||-84.83%|
Recent News & Updates
|NIGERINS||NG Insurance||NG Market|
Return vs Industry: NIGERINS underperformed the NG Insurance industry which returned 26.9% over the past year.
Return vs Market: NIGERINS underperformed the NG Market which returned 40% over the past year.
Stable Share Price: NIGERINS is less volatile than 75% of NG stocks over the past 3 months, typically moving +/- 0% a week.
Volatility Over Time: NIGERINS's weekly volatility has decreased from 5% to 0% over the past year.
About the Company
Niger Insurance Plc underwrites life and general insurance products in Nigeria. Its life insurance products include educational endowment, endowment, group life, mortgage protection, and term assurances; and Niger cash, Niger flexible investment assurance, Niger mutual halal, and personal pension and savings products. The company’s non-life insurance products comprise general insurance that includes all risk, aviation hull and liability, boat travelers, boiler and pressure vessel, burglary and house breaking, consequential loss, contractor all risk, employers liability, fidelity guarantee, fire and special perils, goods-in-transit, householder comprehensive, machinery breakdown, marine cargo, marine hull, money, motor, oil and gas, overseas traveler, plant all risk, product liability, professional indemnity, and public liability insurance policies; and advance payment, counter bid, counter indemnity, custom agent, performance, retention, tender/bid, and security bond policies.
Niger Insurance Fundamentals Summary
|NIGERINS fundamental statistics|
Is NIGERINS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NIGERINS income statement (TTM)|
|Cost of Revenue||₦2.64b|
Last Reported Earnings
Dec 31, 2019
Next Earnings Date
|Earnings per share (EPS)||0|
|Net Profit Margin||0.00%|
How did NIGERINS perform over the long term?See historical performance and comparison
Is Niger Insurance undervalued compared to its fair value and its price relative to the market?
In this section, we usually try to help investors determine whether Niger Insurance is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Niger Insurance has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.
How is Niger Insurance forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Insurance industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Niger Insurance has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Niger Insurance performed over the past 5 years?
Historical Insurance annual earnings growth
Earnings and Revenue History
Quality Earnings: Insufficient data to determine if NIGERINS has high quality earnings.
Growing Profit Margin: Insufficient data to determine if NIGERINS's profit margins have improved over the past year.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if NIGERINS's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Insufficient data to compare NIGERINS's past year earnings growth to its 5-year average.
Earnings vs Industry: Insufficient data to determine if NIGERINS's earnings growth over the past year exceeded the Insurance industry average.
Return on Equity
High ROE: NIGERINS has a negative Return on Equity (0%), as it is currently unprofitable.
How is Niger Insurance's financial position?
Financial Position Analysis
Short Term Liabilities: Insufficient data to determine if NIGERINS's short term assets cover its short term liabilities.
Long Term Liabilities: Insufficient data to determine if NIGERINS's short term assets cover its long term liabilities.
Debt to Equity History and Analysis
Debt Level: Insufficient data to calculate NIGERINS's debt to equity ratio to determine if it is satisfactory.
Reducing Debt: Insufficient data to determine if NIGERINS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: Insufficient data to determine if NIGERINS's debt is well covered by operating cash flow.
Interest Coverage: Insufficient data to determine if NIGERINS's interest payments on its debt are well covered by EBIT.
What is Niger Insurance current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NIGERINS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NIGERINS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NIGERINS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NIGERINS's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: NIGERINS is not paying a notable dividend for the NG market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NIGERINS's dividend in 3 years as they are not forecast to pay a notable one for the NG market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Edwin Friday Igbiti, M.B.A., serves as Director and Chief Executive Officer, Managing Director at Niger Insurance Plc since October 1, 2019. He served as the Managing Director and Chief Executive Offic...
Experienced Board: NIGERINS's board of directors are considered experienced (3.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Niger Insurance Plc's employee growth, exchange listings and data sources
- Name: Niger Insurance Plc
- Ticker: NIGERINS
- Exchange: NGSE
- Founded: 1962
- Industry: Multi-line Insurance
- Sector: Insurance
- Market Cap: ₦1.548b
- Shares outstanding: 7.74b
- Website: https://nigerinsurance.com
Number of Employees
- Niger Insurance Plc
- Niger Insurance Plaza
- 48/50 Odunlami Street
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/18 21:40|
|End of Day Share Price||2021/10/18 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.