Insurance Stocks Dominate NGX with 481 Million Shares Traded as Sector Index Sheds 4.67%

The Nigerian Exchange (NGX) closed the week ended September 19, 2025, with the insurance sector firmly in the spotlight, despite a dip in its benchmark index. Investors traded 481,093,891 units of insurance stocks in 10,655 deals, valued at over ₦1.42 billion, reinforcing the sector’s renewed vibrancy in the face of recapitalization pressures and heightened investor appetite.

NGX Insurance Index Performance

The NGX Insurance Index opened the week at 1,310.28 points but closed at 1,249.11 points, representing a decline of 61.17 points or 4.67%. Market capitalization within the sector contracted by 2.69%, dropping from ₦73.97 billion to ₦65.33 billion.
Analysts attribute the decline to profit-taking activities and portfolio rebalancing, even as strong volumes suggest investors are strategically positioning for long-term value.

Top 5 Insurers by Volume

1. Regency Assurance Plc (REGALINS) – 102.6 million units traded valued at ₦176.9 million.
2. Veritas Kapital Assurance Plc (VERITASKAP) – 62.0 million units traded worth ₦135.4 million.
3. Universal Insurance Plc (UNIVINSURE) – 54.7 million units traded valued at ₦66.4 million.
4. Lasaco Assurance Plc (LASACO) – 55.9 million units traded worth ₦168.0 million.
5. Sovereign Trust Insurance Plc (SOVRENINS) – 41.2 million units traded valued at ₦123.5 million.

Top 5 Insurers by Value

1. Regency Assurance Plc (REGALINS) – ₦176.9 million.
2. Lasaco Assurance Plc (LASACO) – ₦168.0 million.
3. Veritas Kapital Assurance Plc (VERITASKAP) – ₦135.4 million.
4. Sovereign Trust Insurance Plc (SOVRENINS) – ₦123.5 million.
5. AIICO Insurance Plc (AIICO) – ₦149.4 million (ranking higher than Sovereign Trust by absolute value, despite lower volume).

Sectoral Reflection

The insurance sector’s mixed performance underscores the dual narrative of short-term volatility and long-term optimism. On one hand, the negative swing in the NGX Insurance Index highlights immediate investor caution; on the other, sustained trading volumes and value inflows confirm deepening market confidence in the sector’s growth trajectory.

Market watchers believe insurance equities are increasingly becoming a decisive force on the NGX, with recapitalization deadlines and Nigeria’s push for a $1 trillion economy serving as catalysts for heightened investor participation.

For investors, the message is clear: while prices may fluctuate, insurance counters remain fertile ground for both speculative plays and long-term growth strategies.

NGX Insurance Index fell by 4.67% to 1,249.11 points as investors traded over 481 million insurance shares worth ₦1.42 billion. Regency Assurance and Veritas Kapital led volumes, while AIICO and Lasaco topped value charts.