Prime Business Africa
While the majority of the insurance stocks in the Nigerian Exchange (NGX) Limited recorded gains in the third quarter (Q3) of 2025, Prime Business Africa (PBA) presents the five least performing insurance stocks for the period under review.
The list comprises Lasaco Assurance, Sunu Assurances Nigeria Plc, Linkage Assurance, Coronation/Wapic Insurance, and Consolidated Hallmark Holdings Plc.
Join our WhatsApp ChannelThese companies either recorded losses or gained below 40 percent, according to analysis by Prime Business Africa.
Five Least Performing Insurance Stocks In Q3 2025
Lasaco Assurance
Among the least performing insurance stocks, Lasaco Assurance was the only insurer to record a loss in the third quarter, as the company’s shareholders’ investment value dropped by 3.69 percent.
- The decline represents a combined loss of N1.21 billion in the investments held by Lasaco’s shareholders within July and September, according to Prime Business Africa’s analysis.
- PBA gathered that the decline trailed the N0.11 kobo drop in Lasaco’s share price, which decreased to N2.87 kobo at the end of the third quarter, compared to the N2.98 kobo it started the period with.
- Consequently, Lasaco Assurance’s valuation in the Nigerian stock market nosedived to N31.80 billion at the end of September, from the N33.02 billion capitalisation recorded at the beginning of July.
Sunu Assurances Nigeria Plc
Sunu Assurances made the list because the shareholders of the company recorded the least gain among its peers, after ending the period under review with 20.04 percent appreciation in their investment value.
- According to Prime Business Africa’s analysis, Sunu Assurances’ share price had increased marginally by N1, from the N4.99 kobo recorded on July 1 to N5.99 kobo recorded on September 30.
- The increase in the insurer’s share price led to a combined gain of N5,81 billion for Sunu Assurances’ shareholders, and also increased the company’s market valuation from N28.99 billion to N34.80 billion.
Linkage Assurance
Linkage Assurance took the third spot on the list of the least performing insurance stocks, as the company’s shareholders recorded 29.03 percent growth in the value of their investments in Q3.
- The increase represents a combined gain of N8,31 billion for Linkage Assurance’s shareholders and also lifted the market valuation of the insurer from N28.64 billion to N36.95 billion within three months.
- This followed the addition of N0.45 kobo to the company’s share price due to high demand for Linkage Assurance’s shares, pushing the value of a share from N1.55 kobo to N2 during the reviewed period.
Coronation/Wapic Insurance
On July 1, Coronation Insurance’s share price was N2.23 kobo, however, it appreciated to N3.03 on September 30, indicating the stock market was willing to pay N0.8 kobo more for a share of the company.
- This led to a 35.87 percent increase in the investments held by shareholders in Coronation, also known as Wapic Insurance, ranking the company as fourth on the list.
- While the increase represents a N19.19 billion combined gain within three months, it also raised the market valuation of Coronation, from N53.50 billion it started the period with, to N72.69 billion.
Consolidated Hallmark Holdings Plc
Consolidated Hallmark Holdings, the parent company of Consolidated Hallmark Insurance, closed the third quarter as the fifth least performing insurance stock following a 37.33 percent increase in shareholders’ investment value.
- A breakdown of the company’s share performance showed that Consolidated Hallmark’s share price had increased from N3 on July 1 to N4.12 kobo on September 30, representing an increase of N1.12 kobo.
- This resulted in the 37.33 percent appreciation recorded by shareholders, handing them a combined gain of N12.14 billion within three months, and raising the valuation of Consolidated Hallmark from N32.52 billion to N44.66 billion.
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