The Nigerian Exchange (NGX) Insurance Index emerged as the top-performing sectoral index in the first week of 2025, recording a robust 26.9% gain.
This impressive performance builds on the sector’s strong momentum from 2024 amid increasing investor confidence and a renewed focus on the insurance sector.
Analysts have attributed this growth to improved earnings from key players in the sector as well as strategic initiatives aimed at boosting operational efficiency and market penetration.
The broader equities market also closed in the green with the All-Share Index (ASI) closing the week at 58,742.36 points.
Market capitalization rose by N674 billion to bolster the total value of listed equities to N32.3 trillion.
Commenting on the development, market analysts said the insurance sector’s resurgence was a result of regulatory reforms and innovation within the industry.
“The insurance market has started to reflect the benefits of recapitalization efforts and improved customer engagement strategies,” one analyst said.
Among the top-performing stocks were AIICO Insurance, NEM Insurance, and LASACO Assurance, all of which recorded double-digit gains. This performance has sparked renewed interest from both retail and institutional investors, positioning the sector for sustained growth in 2025.
Despite the sector’s notable achievements, stakeholders have highlighted the need for continuous reforms to enhance penetration in Nigeria’s largely untapped insurance market. With the index leading the NGX performance charts, expectations are high for more consistent growth in the months ahead.
The NGX weekly report further highlights the potential of the insurance sector as a critical driver of Nigeria’s capital market growth in 2025.
