So far in 2025, the Nigerian insurance sector, tracked by the NGX Insurance Index, has delivered an impressive year-to-date gain of 74.18%, ranking as the second-best performing sector after consumer goods at 86.11%.
The index, which opened the year at 719.9, has ridden on a hefty market volume of over 19 billion shares, smashing through the 1,100-point mark and now sitting firmly at 1,250.6.
Much of this surge has come in the third quarter, after a moderate second quarter and a bearish first quarter in which the sector fell 2.71% to 698.5 as price activity in some stocks stalled.
In August alone, the NGX Insurance Index is up over 40%, a surge that has briefly made it the market’s top performer earlier in the month.
That being said, here are the top 10 insurance stocks that have led the sector’s bullish run in 2025, among many others also posting gains this year.
With a year-to-date leap of 109.49%, Linkage Assurance Plc sits comfortably in 6th place.
It opened at N1.07 and saw just one monthly decline, in February.
By midyear, performance stood at 30.51%. But Q3 has been explosive, adding over 60% so far, with August shaping up to be its best month yet.
Much of the surge came after its H1 2025 report in late July, showing insurance revenue up 16.18% to N12.5 billion, received premiums at N15.9 billion, and claims down to N2.8 billion from N4.5 billion in December 2024.
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