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Insurance

International Energy Insurance, Sovereign Trust Among Five Insurers With Highest Revenue Decline

September 3, 2026

Between the first quarter (Q1) and the second quarter (Q2) of 2026, seven insurance companies, out of 18 listed on the Nigerian Exchange (NGX), recorded a decline in their revenue, according to

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AIICO’s Revenue Rises By 2%, Net FX Loss Increases To N1.79bn

August 14, 2026

The first half (H1) of 2026 ended with AIICO Insurance recording N104.71 billion in gross written premium, exceeding the N102.68 billion reported in H1 2025, indicating an increase of 2 percent. AIICO

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Tax Burden Pushes Veritas Kapital’s Profit Down To N1.53bn

July 13, 2026

In the first quarter (Q1) of 2026, Veritas Kapital Assurance suffered a decline in gross premium, after recording N5.80 billion, below the N6.86 billion recorded during the corresponding period in 2025. Veritas

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NGX Market Cap Down N958bn After Losses In Aradel, Regal Insurance

June 25, 2026

Shareholders of Aradel, Regal Insurance and others on the losers’ list lost N958.50 billion in the Nigerian stock market on Thursday. The loss was reflected in the market capitalisation of the Nigerian

Nigerian Stock Market Record Highest Level In 15-years, Equity Cap Up N59.90bn

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NGX Rebounds With N72bn Gain, International Energy Insurance, Unilever Lead Recovery

May 21, 2026

The Nigerian Exchange (NGX) Limited said the stock market capitalisation increased marginally to N159.73 trillion on Thursday, from the N159.66 trillion recorded on Wednesday. According to the NGX, the market capitalisation increased

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Five Best-Performing Insurance Companies In 2025 — By Profit Growth

May 5, 2026

Out of 18 insurance companies with publicly accessed financials, only four recorded growth in their pretax profit between January and December 2025, according to analysis by Prime Business Africa (PBA). Analysis showed

NGX Market Cap Down By N606bn, Traders Seal N50bn Deals

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Equity Traders Partake In 54,212 Deals On NGX, Trade 758.98m Shares

January 6, 2026

Over N468.58 billion was added to the market capitalisation of the Nigerian Exchange (NGX) on Tuesday, January 6, pushing the bourse’s valuation to N102.27 trillion. The market capitalisation of the NGX, also

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

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NGX Market Cap Reaches N101.80trn, Regal Insurance Leads Surge

January 5, 2026

The market capitalisation of the Nigerian Exchange (NGX) increased by N1.87 trillion to N101.80 trillion on Monday, January 5, from N99.94 trillion recorded on January 2. Also, the all-share index (ASI) expanded

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AIICO Drops, Cornerstone Rises On List Of Insurance Companies With Highest Market Valuation

December 18, 2025

The end of the third quarter (Q3) of 2025 saw 10 insurance companies change positions on the list of the most valuable insurers on the Nigerian Exchange (NGX) Limited, also known as

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Profit Takers Milk Tinubu’s Insurance Law Effect, Wipe Off N198bn From Insurance Stocks

August 28, 2025

Since the stocks of insurance companies reached an all-time high on August 13, shareholders of insurance firms in the Nigerian Exchange Limited (NGX), also known as the stock market, have lost over

Business News

NAICOM Orders Insurers To Meet New Capital Requirement Or Face Liquidation

August 16, 2025

The National Insurance Commission (NAICOM) has issued a warning to insurance and reinsurance companies in Nigeria regarding the new Minimum Capital Requirements (MCR). The Nigerian Insurance Industry Reform Act (NIIRA) 2025, signed recently by President

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Nigerian Bourse Closes With N425bn Loss

August 15, 2025

The all-share index closed trading on Friday, August 15, with a 0.46 percent decline, dropping from the 145,300.01 ASI reported on Thursday, August 14, to settle at 144,628.2 ASI. According to data

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Sovereign Trust Insurance’s Revenue Rises To N34bn, Profit Increases By 44%

August 6, 2025

Between January and June 2025, Sovereign Trust Insurance recorded N34.07 billion turnover, up by 45 percent compared to the N23.56 billion generated in the first half (H1) of 2024. Sovereign Trust Insurance

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Sunu Assurances’ Revenue Rises To N5.28bn – But Profit Drops By 69%

July 4, 2025

Sunu Assurances’ revenue jumped 34.66 percent to N5.28 billion in the first quarter (Q1) of 2025, surpassing the N3.92 billion generated in the corresponding period in 2024. The company’s financial statement for

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AIICO Exceeds Topline, Bottom Line Forecasts, But Profit Drops 49.58%

June 18, 2025

AIICO Insurance exceeded its topline and bottom line forecast for the first quarter (Q1) of 2025, after recording N54.81 billion gross written premium, compared to the N50.54 billion projected for the period.

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Majority Shareholders Tighten Control Over Lasaco Assurance With 7bn Shares

June 17, 2025

Lasaco Assurance’s majority shareholders, Ibile Holdings Ltd and Canon Properties & Investments Ltd, increased their shareholdings in the company by 7.08 billion shares in the first quarter (Q1) of 2025. According to

Consolidated Hallmark Holdings Profit Drops From N7.52bn To N1.15bn In H1 2025

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Consolidated Hallmark Generates N13.31bn Turnover, Profit Falls To N359.30m

June 17, 2025

Over N13.31 billion revenue was generated by Consolidated Hallmark Holding in the first quarter (Q1) of 2025, compared to the N6.19 billion recorded in the same period in 2024, indicating a 114.87

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AIICO Insurance’s profit falls below N16.72bn forecast

April 24, 2025

The total premium collected by AIICO Insurance in 2024 was N159.31 billion, 44.67 percent higher than the N110.11 billion paid by policyholders in 2023. Checks by Prime Business Africa showed that the

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Sunu Assurances, Veritas, Prestige Among Five Worst-Performing Insurance Stocks In Q1 2025

April 22, 2025

Out of 20 insurance companies listed in the Nigerian stock exchange, 13 insurers recorded a decline in their stock performance in the first quarter (Q1) of 2025. Analysis by Prime Business Africa

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AXA Mansard, NEM, Cornerstone… 10 Largest Insurance Companies In Nigeria

April 18, 2025

The value of the insurance industry fell by N61.08 billion or 10.07 percent in the first quarter (Q1) of 2025, according to an analysis of the market valuation of 20 publicly listed

Nigerian Youth Running Away From Insurance Industry - Tony Elumelu

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Nigerian Youths Running Away From Insurance Industry – Tony Elumelu

October 23, 2023

The Chairman of Heirs Holdings, Tony Elumelu has pointed out that the insurance sector of Nigeria’s economy needs a younger and more agile workforce, regretting that young Nigerians are unfortunately not interested

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Ardonagh’s £1.2 Billion Insurance Sale Fuels CEO’s Expansion

September 15, 2023

In a strategic move, the Ardonagh Group is selling its personal insurance business, Atlanta Group, in a deal valued at £1.2 billion. This sale not only marks a significant shift in the

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Insurance

International Energy Insurance, Sovereign Trust Among Five Insurers With Highest Revenue Decline

AIICO’s Revenue Rises By 2%, Net FX Loss Increases To N1.79bn

Tax Burden Pushes Veritas Kapital’s Profit Down To N1.53bn

NGX Market Cap Down N958bn After Losses In Aradel, Regal Insurance

NGX Rebounds With N72bn Gain, International Energy Insurance, Unilever Lead Recovery

Five Best-Performing Insurance Companies In 2025 — By Profit Growth

Equity Traders Partake In 54,212 Deals On NGX, Trade 758.98m Shares

NGX Market Cap Reaches N101.80trn, Regal Insurance Leads Surge

AIICO Drops, Cornerstone Rises On List Of Insurance Companies With Highest Market Valuation

Profit Takers Milk Tinubu’s Insurance Law Effect, Wipe Off N198bn From Insurance Stocks

NAICOM Orders Insurers To Meet New Capital Requirement Or Face Liquidation

Nigerian Bourse Closes With N425bn Loss

Sovereign Trust Insurance’s Revenue Rises To N34bn, Profit Increases By 44%

Sunu Assurances’ Revenue Rises To N5.28bn – But Profit Drops By 69%

AIICO Exceeds Topline, Bottom Line Forecasts, But Profit Drops 49.58%

Majority Shareholders Tighten Control Over Lasaco Assurance With 7bn Shares

Consolidated Hallmark Generates N13.31bn Turnover, Profit Falls To N359.30m

AIICO Insurance’s profit falls below N16.72bn forecast

Sunu Assurances, Veritas, Prestige Among Five Worst-Performing Insurance Stocks In Q1 2025

AXA Mansard, NEM, Cornerstone… 10 Largest Insurance Companies In Nigeria

Nigerian Youths Running Away From Insurance Industry – Tony Elumelu

Ardonagh’s £1.2 Billion Insurance Sale Fuels CEO’s Expansion

NAICOM Embraces Digitalization

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