Sovrenins Bulls Ready to Attack the ₦1.5 Mark - EW Nation

Sovrenins Bulls Ready to Attack the ₦1.5 Mark

June 10, 2025

Members, Nigeria, Stock

Sovereign Trust Insurance PLC’s net income grew from ₦650 million in 2019 to ₦2.117 billion TTM ending Q3 2024, reflecting strong growth. Its P/E ratio of 5.05x is below the Nigerian insurance industry average of 6.8x, suggesting undervaluation relative to peers and the NGX market (10–12x).

Sovrenins Bulls Ready to Attack the ₦1.5 Mark

Updated: 6/10/2025 7:39 AM

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