Heirs Insurance Reports N115bn Premium, N19.4bn Claims
Heirs Insurance Group (HIG) announced a gross written premium of N115 billion for the year ending December 31, 2025, marking an 88.5% increase from N61 billion in 2024. The group's combined earned insurance revenue rose by 70% to N53.4 billion, and total assets grew by 83% to N169.7 billion.
Despite macroeconomic challenges, profit before tax dipped slightly to N9.53 billion from N11.2 billion in 2024. HIG paid a total of N19.4 billion in claims in 2025, an 87% increase from N10.4 billion in 2024.
The group received international recognition, with Heirs Life Assurance ranking 7th and Heirs General Insurance 41st in the Financial Times’ Africa’s Fastest-Growing Companies 2026. Heirs Life Assurance's gross written premium doubled to N88.59 billion, while Heirs General Insurance saw a 57% rise to N26.6 billion.
Claims paid by Heirs Life Assurance rose by 121% to N14.4 billion, and Heirs General Insurance claims increased by 22% to N5 billion.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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