The Nigerian Exchange Limited (NGX) recorded a remarkable week for insurance equities from September 8 to September 12, 2025, with heightened trading activity signaling renewed investor confidence in Nigeria’s financial services sector. The NGX Insurance Index climbed from 1,279.00 to 1,310.28, gaining 31.28 points (2.45%), underscoring a week of bullish sentiment in the market.
During the week, insurance carriers, brokers, and services recorded 12,666 deals, trading 523.48 million shares valued at ₦1.45 billion, making the sector one of the most actively traded on the Exchange.
Leading Stocks:
AIICO Insurance Plc (AIICO): Emerged as the most active stock with 2,909 deals, trading 75 million shares worth ₦302 million, highlighting strong investor demand.
Universal Insurance Plc (UNIVINSURE): Led in volume with 134 million shares exchanged, valued at ₦168 million, demonstrating the sector’s liquidity.
Mutual Benefits Assurance Plc (MBENEFIT): Recorded 962 deals, trading 26.58 million shares valued at ₦105 million.
Sovereign Trust Insurance Plc (SOVRENINS): 682 deals, 35.57 million shares, valued at ₦104.85 million.
Consolidated Hallmark Holdings Plc (CONHALLPLC): 596 deals, 24.82 million shares, worth ₦103.73 million.
Other notable movers included AXA Mansard Insurance Plc, NEM Insurance Plc, Regency Assurance Plc, and Lasaco Assurance Plc, all of which contributed to the sector’s overall performance.
Analyst Insights:
Market analysts highlight that the insurance segment is increasingly being viewed as a defensive yet growth-oriented investment option. With mid-cap stocks like AIICO and Universal Insurance offering liquidity and consistent dividend yields, investors are gravitating toward these equities amid broader market volatility.
A Lagos-based stockbroker remarked, “Insurance stocks are attracting attention because of their stability and steady returns. The week’s uptick in both volume and value traded reflects growing confidence in the sector.”
Economists point out that the 2.45% gain in the NGX Insurance Index mirrors broader optimism in Nigeria’s financial services sector, driven by regulatory reforms, improved corporate governance, and expectations of sustainable growth in insurance penetration across the country.
Investor Reflections:
For retail and institutional investors, the week’s trading provides several takeaways:
1. Sector Focus Pays Off: Monitoring specific sectors, particularly insurance, can yield strong returns even in a fluctuating market.
2. Volume vs. Value: While Universal Insurance led in volume, AIICO dominated in value traded, highlighting different investment strategies—high liquidity versus high value positioning.
3. Diversification Strategy: Investors seeking portfolio stability may benefit from exposure to multiple insurance equities that balance volume, price, and dividend potential.
Sector Snapshot (Week at a Glance):
Total Deals: 12,666
Total Shares Traded: 523,475,687
Total Value Traded: ₦1,453,866,007.56
NGX Insurance Index: 1,310.28 (+31.28, 2.45%)
The week’s activity underscores the growing importance of insurance equities on the NGX as reliable instruments for investment. Analysts predict that continued investor interest, coupled with policy support and sector reforms, could position insurance stocks as key drivers of equity market growth in the coming months
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