Within the first half of 2025, 18 out of 20 insurance coverage corporations that printed their monetary statements reported a mixed complete of N2.04 trillion in belongings for the interval ended June 2025, up from N1.8 trillion recorded six months earlier.
This represents a 13.7% enhance, reflecting the rising power of insurance coverage firm steadiness sheets and the resilience of capital throughout the sector.
The expansion in complete belongings is basically pushed by greater investments and elevated premium inflows as insurers increase their underwriting capability and diversify their portfolios.
These developments not solely help monetary stability but in addition point out a more healthy and extra sustainable insurance coverage business.
For traders and analysts, a powerful asset base is a vital measure of an organization’s means to handle threat and generate future progress.
- It might affect funding selections and form market sentiment, making it a key issue past simply earnings efficiency.
That being mentioned, this work focuses on the highest 10 insurance coverage corporations with the biggest complete belongings as of the primary half of 2025, prioritising the precise quantities reported.
Right here they’re:
Lasaco Assurance Plc ranks tenth with complete belongings of N44.08 billion as of 30 June 2025, up from N31.7 billion in 2024.
- Money and money equivalents made up the biggest portion of belongings at N19.2 billion, in contrast with N10.3 billion in 2024.
- Funding properties contributed N8.1 billion; reinsurance contract belongings stood at N5.4 billion, and monetary belongings at amortized value totaled N4.3 billion, up from N1.75 billion, with the rest comprising different belongings.
Though the corporate’s complete liabilities rose to N21.9 billion from N19.7 billion, shareholder funds practically doubled to N22.1 billion from N12 billion
On the earnings aspect, insurance coverage income climbed to N16.8 billion from N11.4 billion.
Within the money stream assertion, the corporate obtained premiums of N18.5 billion, up from N14.7 billion, whereas claims paid elevated to N9 billion from N2.1 billion.
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