Within the first half of 2025, 18 out of 20 insurance coverage firms that revealed their monetary statements reported a mixed whole 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 stability sheets and the resilience of capital throughout the sector.
The expansion in whole belongings is basically pushed by increased investments and elevated premium inflows as insurers develop their underwriting capability and diversify their portfolios.
These developments not solely assist monetary stability but in addition point out a more healthy and extra sustainable insurance coverage business.
For buyers and analysts, a powerful asset base is a vital measure of an organization’s capacity to handle danger and generate future progress.
- It will possibly affect funding choices 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 firms with the most important whole belongings as of the primary half of 2025, prioritising the precise quantities reported.
Right here they’re:
Lasaco Assurance Plc ranks tenth with whole belongings of N44.08 billion as of 30 June 2025, up from N31.7 billion in 2024.
- Money and money equivalents made up the most important 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 price totaled N4.3 billion, up from N1.75 billion, with the rest comprising different belongings.
Though the corporate’s whole liabilities rose to N21.9 billion from N19.7 billion, shareholder funds practically doubled to N22.1 billion from N12 billion
On the earnings facet, insurance coverage income climbed to N16.8 billion from N11.4 billion.
Within the money circulation assertion, the corporate acquired 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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