Jan 4 (Lagos) - 2016 could be a change year for the Insurance sector of
Nigeria. In 2015 Insurance stocks were stable in an otherwise rocky
investment environment. Part of reason for that is the battering that
the sector took prior to 2015 for 4 years.
Insurance stocks are still trading at 50 kobo levels while only two
trade above their book value. From an investors point of view only the
best Insurance Companies should be selected for stock investments. Let
us take a look at them.
Insurance Plc - The
Company is the largest life Insurance Company of Nigeria and top three
in terms of Premiums underwritten and Claims paid. Stock trades at a
sharp discount. Company also recently received investment from IFC, the
business arm of the World Bank.
2) Custodian & Allied
Insurance Plc ( CUSTODYINS
) - The leader in listed firms in terms of
Premium underwritten this is one of the two Insurance stocks that trades
at premium to its book value.
3) AXA Mansard Insurance
Plc - Former GT Assurance, the Company was re-branded as Mansard and
then was bought out for French Insurance Group AXA in 2015. The stock
also trades at a premium to book value.
So the above three stocks could be a nice way to invest in the Insurance sector of Nigeria. We did not include any 50 kobo stock but there are some well known Companies trading at those levels like ROYALEX
reporting for easykobo.com on Monday, Jan 4 2015 from Lagos, Nigeria
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