I know we don't like to take up insurance policies as Nigerians but let me tell you how I make money investing in insurance stocks.

When insurance companies collect premiums from corporate clients that are exposed to risk in the oil/gas, banking, real estate, etc, they are supposed to step in or provide cover if anything happens within the coverage period, right?

Have you asked yourself, what they do with the money once the policy or coverage period elapses, or where they keep the gross premium collected in a year?

These insurance companies regularly put the money in safe, risk-free opportunities like fixed deposits, bonds, and/or treasury bills. If the CBN continues to raise rates, it means that the interest on their investment in these fixed-income will increase.

With 364-day bills reaching a high of 23%, that means more money on their fixed deposit until the premium expires and if there are no risks nor claims, I call it free money.

Yesterday, I dropped 1 insurance stock that's counting billions in fixed deposits with:

✅ Interest income jumping by +120% when you compared Q3, 2024 and Q3, 2023

✅Insurance profit surging by +100% as a result of the growth in interest rates

✅Profit after tax exploded by +100% in 9 months against the previous comparable period.

And the best of all is that the stock price is gradually emerging from the bottom with a +30-50% upside potential in the next 6-12 months.

I will be revealing this stock in the How to Make It in Nigerian Stock webinar on 24th, November 2024, that's if the stock price is still within my buy range.

But if you want to key in now, click here to access it as a premium subscriber.

This webinar is for beginners who want help on how to re-start their journey in the Nigerian stock market, re-learn, unlearn, re-discover new insights and learn from my success stories.

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