Leadway Assurance Reports N137 Billion Claims in 2025

Leadway Assurance reported a total claim payment of N137 billion for the 2025 financial year, representing a 17% increase from the N117 billion paid in 2024. Gboyega Lesi, the Managing Director, stated that the company is committed to prompt and consistent claim settlements for policyholders.

The claims are divided into various categories, with the non-life portfolio accounting for N55.4 billion, life annuity payouts reaching N57.9 billion, and life business claims totaling N23.7 billion. This performance reflects Leadway's strong operational capacity and its ability to honor obligations across its life and non-life insurance segments.

The company also reported a 30% growth in insurance revenue, rising from N173.2 billion in 2024 to N225.3 billion in the year under review, driven by broad-based growth across business classes and resilient customer demand for insurance solutions.