NGX Insurance Index:
The Nigerian insurance sector recorded significant activity on the Nigerian Exchange Limited (NGX) between July 14 and 18, 2025, as investors turned their focus to the often-underappreciated segment of the market. A total of 11,236 deals were executed across insurance carriers, brokers, and service providers, with ₦1.72 billion worth of shares traded on 853.1 million units, signaling renewed interest and confidence.
Data released from the NGX shows AIICO Insurance Plc leading in value traded, accounting for ₦570.6 million from 252.2 million shares exchanged across 3,189 deals. The company’s performance highlights increasing investor appetite, especially for firms undertaking restructuring and recapitalisation initiatives.
Universal Insurance Plc dominated in trade volume, moving 212.5 million shares valued at ₦162.3 million in 1,084 deals, reflecting strong retail and speculative interest. AXA Mansard Insurance Plc, trading at a high of ₦12.50, secured ₦217.9 million in value from 17.4 million shares, indicating sustained institutional interest in blue-chip insurers.
Other notable performances include:
- Veritas Kapital Assurance Plc: 66.7 million shares traded, worth ₦79.5 million
- Consolidated Hallmark Holdings Plc: 62.1 million shares traded, worth ₦204.1 million
- Mutual Benefits Assurance Plc: 51.6 million shares traded, worth ₦78.1 million
The volume of activity across the board points to a sector on the cusp of transformation, as insurance companies increasingly adopt technology, improve governance, and embrace regulatory reforms.
Sectoral Shift in Market Sentiment
Analysts say the upswing in insurance stock trading is more than just numbers; it signals a shift in investor sentiment. “Historically, insurance has lagged behind banking and oil & gas in market interest. But recent improvements in operations, claims management, and digital outreach are restoring investor confidence,” said Temi Olatunji, an analyst with TradeSecure Capital.
According to market observers, retail investors are beginning to recognise the long-term value potential in insurance equities, particularly as firms begin to show improved earnings, dividend declarations, and better customer engagement.
Building Public Trust in Insurance
Beyond market statistics, the renewed investor interest could also reflect improving public perception of insurance services in Nigeria. Industry players have intensified efforts to enhance customer trust through faster claims processing, increased transparency, and digital product offerings.
The combination of regulatory backing and capital market interest may play a critical role in repositioning the insurance industry as a viable contributor to Nigeria’s broader financial ecosystem.
Outlook: Room for Growth
With total trade value surpassing ₦1.7 billion for the week, stakeholders are optimistic that the insurance sector will continue to attract capital in the coming quarters. Mergers, acquisitions, recapitalisation moves, and expansion into untapped retail markets are expected to keep the sector on investor watchlists.
As Nigeria deepens financial inclusion and pushes for economic diversification, a vibrant insurance sector could be pivotal in stabilising livelihoods and mobilising long-term funds.
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