Nigerian Insurance Firms Hit N590.26bn Market Capitalisation in 2025!
The Numbers in Detail
Twenty insurance companies listed on the Nigerian Exchange Limited (NGX) have collectively achieved a market capitalisation of ₦590.26 billion, marking a significant milestone in the sector’s performance. Below are some highlights from the trading session:
Top Performers:
• AIICO Insurance Plc: Market cap of ₦68.82bn (+9.94%).
• Price: ₦1.88/share.
• Trades: 352.
• Volume: 54,330,872 shares.
• AXA Mansard Insurance Plc: Market cap of ₦85.5bn (+3.83%).
• Price: ₦9.50/share.
• Trades: 118.
• Volume: 2,874,592 shares.
• Guinea Insurance Plc: Market cap of ₦7.86bn (+2.06%).
• Price: ₦0.99/share.
• Trades: 154.
• Volume: 25,501,155 shares.
• Linkage Assurance Plc: Market cap of ₦24.33bn (+9.72%).
• Price: ₦1.58/share.
• Trades: 79.
• Volume: 8,187,830 shares.
Declines Observed:
• Consolidated Hallmark Insurance Plc: Market cap of ₦36.86bn (-5.82%).
• Price: ₦3.40/share.
• Trades: 46.
• Volume: 1,666,864 shares.
• Cornerstone Insurance Plc: Market cap of ₦71.39bn (-5.30%).
• Price: ₦3.93/share.
• Trades: 105.
• Volume: 7,233,385 shares.
• Sunu Assurances Nigeria Plc: Market cap of ₦52.36bn (-9.99%).
• Price: ₦9.01/share.
• Trades: 103.
• Volume: 1,351,669 shares.
• Universal Insurance Plc: Market cap of ₦11.36bn (-8.97%).
• Price: ₦0.71/share.
• Trades: 309.
• Volume: 56,614,976 shares.
Sectoral Outlook:
While several companies recorded growth, others experienced price drops amid broader economic challenges. Analysts attribute this mixed performance to market conditions and investor sentiment influenced by regulatory developments such as the recently passed Insurance Consolidated Bill.
Expert Insight:
The bill is expected to bolster sectoral growth and enhance competitiveness, but firms will need to adapt strategically to navigate the increased capital requirements.
Stay tuned for more updates on the evolving Nigerian insurance sector!
The Numbers in Detail
Twenty insurance companies listed on the Nigerian Exchange Limited (NGX) have collectively achieved a market capitalisation of ₦590.26 billion, marking a significant milestone in the sector’s performance. Below are some highlights from the trading session:
Top Performers:
• AIICO Insurance Plc: Market cap of ₦68.82bn (+9.94%).
• Price: ₦1.88/share.
• Trades: 352.
• Volume: 54,330,872 shares.
• AXA Mansard Insurance Plc: Market cap of ₦85.5bn (+3.83%).
• Price: ₦9.50/share.
• Trades: 118.
• Volume: 2,874,592 shares.
• Guinea Insurance Plc: Market cap of ₦7.86bn (+2.06%).
• Price: ₦0.99/share.
• Trades: 154.
• Volume: 25,501,155 shares.
• Linkage Assurance Plc: Market cap of ₦24.33bn (+9.72%).
• Price: ₦1.58/share.
• Trades: 79.
• Volume: 8,187,830 shares.
Declines Observed:
• Consolidated Hallmark Insurance Plc: Market cap of ₦36.86bn (-5.82%).
• Price: ₦3.40/share.
• Trades: 46.
• Volume: 1,666,864 shares.
• Cornerstone Insurance Plc: Market cap of ₦71.39bn (-5.30%).
• Price: ₦3.93/share.
• Trades: 105.
• Volume: 7,233,385 shares.
• Sunu Assurances Nigeria Plc: Market cap of ₦52.36bn (-9.99%).
• Price: ₦9.01/share.
• Trades: 103.
• Volume: 1,351,669 shares.
• Universal Insurance Plc: Market cap of ₦11.36bn (-8.97%).
• Price: ₦0.71/share.
• Trades: 309.
• Volume: 56,614,976 shares.
Sectoral Outlook:
While several companies recorded growth, others experienced price drops amid broader economic challenges. Analysts attribute this mixed performance to market conditions and investor sentiment influenced by regulatory developments such as the recently passed Insurance Consolidated Bill.
Expert Insight:
The bill is expected to bolster sectoral growth and enhance competitiveness, but firms will need to adapt strategically to navigate the increased capital requirements.
Stay tuned for more updates on the evolving Nigerian insurance sector!