Nigeria Insurance coverage firms’ whole belongings hit file N4.619 trillion

Complete belongings held by insurance coverage firms in Nigeria surged to a file N4.619 trillion on the finish of the second quarter of 2025.

That is in accordance with the Central Bank of Nigeria’s (CBN) newest quarterly statistical bulletin, which highlights the sector’s rising resilience and give attention to investments in each tangible and intangible belongings.

The file underscores the insurance coverage trade’s means to resist macroeconomic pressures whereas increasing its underwriting capability and diversifying portfolios.

The expansion displays stronger premium inflows and better funding exercise, positioning the sector as a extra sustainable contributor to Nigeria’s monetary system.

What the knowledge is saying

In response to the CBN knowledge, whole belongings grew by N454 billion quarter-on-quarter in Q2 2025, representing a ten.9% improve in comparison with Q1’s N4.165 trillion.

On a year-on-year foundation, the sector’s whole belongings expanded by practically N1 trillion, marking a 25.3% improve from N3.687 trillion in Q2 2024.

The expansion in whole belongings is largely pushed by larger 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 sign a more healthy and extra sustainable insurance coverage trade.

The rise in whole belongings can also be pushed by the sector’s aggressive growth technique, supported by expertise adoption and innovation. The insurance coverage trade has skilled a constant upward pattern in recent times, reinforcing its position in Nigeria’s broader monetary ecosystem.

Liabilities are additionally on the rise

Whereas belongings hit file highs, the sector’s liabilities additionally peaked in Q2 2025, reaching N4.619 trillion.

Quarter-on-quarter, liabilities deepened by N454 billion, representing a ten.9% improve in comparison with Q1’s N4.165 trillion.

Yr-on-year, liabilities rose by N932 billion, a 25.3% improve in comparison with Q2 2024.

What you must know

The sector can also be racing to satisfy the Nationwide Insurance coverage Fee’s (NAICOM) revised capital requirement forward of the July 30, 2026, deadline.
In November 2025, NAICOM mentioned 18 insurance coverage firms have indicated their readiness to endure capital verification, a key requirement within the ongoing recapitalisation train for the Nigerian insurance coverage sector.
Talking on the EY Insurance coverage Summit 2025, NAICOM’s Chief Government Officer, Olusegun Omosehin, described the trade’s response within the recapitalisation course of as encouraging.

He defined that the Fee has established a capital verification framework to make sure transparency and credibility.

NAICOM mentioned solely corporations that meet the minimal capital necessities by the deadline will retain their working licences.

Roadmap for insurance coverage corporations to satisfy recapitalisation necessities: