Top 10 Best-Performing Nigerian Insurance Stocks of 2025 (So Far)

The Nigerian insurance sector has emerged from the sidelines in 2025, delivering a standout performance. Though it started the year sluggishly, the NGX Insurance Index rebounded spectacularly, closing at 1,250.6 points—up 74.18% year-to-date—making it the second-best performing sector after Consumer Goods (86.11%) .

With over 19 billion shares traded, a sharp reversal in Q3 (including a 40%+ surge in August alone) pushed the index past the 1,100 level—and briefly made it the top-performing index of the month .

Below is a countdown of the top 10 insurance stocks fueling this bullish rally.

10. Regency Alliance – +69.33%

Slipped early in the year to ₦0.59 but rallied spectacularly—up 25% in July and 58.8% in August. Projected Q3 pretax profit of ₦1.06bn may sustain the momentum .

9. Cornerstone Insurance – +77.78%

Saw impressive investor interest, delivering robust gains for value-seekers .

8. AXA Mansard – +78.66%

A steady climb powered by strong fundamentals. This veteran insurer continues gaining investor trust .

7. International Energy Insurance – +85.53%

A remarkable comeback in a niche subsector—brewing renewed confidence in this energy-focused insurer .

6. Linkage Assurance – +109.49%

Leapfrogged into double-digit returns as investors reward its improved execution .

5. Custodian Investment – +136.55%

A triple-digit performer buoyed by rock-solid fundamentals and renewed optimism .

4. Sovereign Trust Insurance – +142.86%

A standout performer, thanks to operational improvements and growing investor confidence .

3. AIICO Insurance – +144.76%

Surged ahead with the backing of NIIRA-driven reforms and improved financial metrics .

2. NEM Insurance – +201.37%

A breakout performer delivering more than 200% gains, signaling strong investor faith in its long-term potential .

1. Mutual Benefits Assurance – +378.69%

The runaway leader—nearly quadrupling in value. A clear poster child for Nigeria’s insurance resurgence .

What’s Fueling This Insurance Rally?

NIIRA 2024 reforms tightened regulation, boosted capital requirements, and ushered in risk-based supervision and transparency .

Strong earnings and renewed trust in claims handling improved investor sentiment.

Industry consolidation raised investor interest in well-capitalized, scalable firms.

Quick Peek Table

Rank    Company    YTD Gain

10    Regency Alliance    +69.33%
9    Cornerstone Insurance    +77.78%
8    AXA Mansard Insurance    +78.66%
7    International Energy    +85.53%
6    Linkage Assurance    +109.49%
5    Custodian Investment    +136.55%
4    Sovereign Trust Insurance    +142.86%
3    AIICO Insurance    +144.76%
2    NEM Insurance    +201.37%
1    Mutual Benefits Assurance    +378.69%