Predictors of Profitability in the Nigerian Insurance Industry

This study examined the predictors of profitability in Nigeria Insurance Industry between 2011 and 2020. It looked into effect financial leverage, solvency margin, liquidity risk underwriting on Profitability insurance industry Nigeria. In study, descriptive research design was employed with population thirteen (N=13) composite insurers from which a sample six (n=6) were randomly selected. Four hypotheses tested using e-view. Findings showed that SOVEREIGN TRUST plc has highest ROE mean value 0.058489 followed by LEADWAY Plc 0.043822 ROE. Mutual Benefit covers 0.038811 PRESTIGE 0.028478. LASACO Assurance 0.025744 while Cornerstone lowest ROE: 0.0112 distribution. Thus it is evident are leaders Nigerian for period, positive companies The therefore concluded there statistically significant relationship four independent variables (financial liquidity, leverage) dependent variable , profitability, proxied return equity recommended stakeholders collaboration their regulatory body; National Commission (NAICOM), should maximize contributions various across nation.