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ABSTRACT
The article empirically evaluates Nigerian macroeconomic conditions and listed insurance firm profitability from 2001 to 2022. Exchange rate (EXCHR), inflation rate (IFR), GDP, and money supply (MS) were examined to determine if they affect Nigerian listed insurance firms' profitability. Analysis employed ordinary least square econometrics. In Nigeria, exchange rate (EXCHR), inflation rate (IFR), and GDP have a weak negative association with listed insurance firm profitability. Money supply (MS) boosts listed insurance firm profitability weakly. Thus, since money supply (MS) has an insignificant positive relationship with listed insurance firms' profitability in Nigeria, the CBN should review its current monetary policy on insurance-related activities based on macroeconomic factors to continue strengthening the sector with enough cash to carry out risk indemnification functions and reduce business risk. This would increase Nigeria's insurance profits.
