SanlamAllianz Nigeria Pays N77bn in Claims for 2025
In the 2025 financial year, SanlamAllianz Nigeria, comprising SanlamAllianz Life Insurance and SanlamAllianz General Insurance, paid a total of over N77 billion in claims across its life and general insurance businesses. Tund Mimiko, CEO of SanlamAllianz Life, emphasized the company's financial strength and commitment to policyholders despite ongoing macroeconomic pressures in Nigeria, including inflationary impacts.
The company reported a gross written premium (GWP) increase to N81.39 billion in 2025 from N60.86 billion in 2024, marking a significant year-on-year growth of 33.7 percent. Mimiko noted that the rise in claims costs was reflective of the challenging economic environment.
Jacquelin Agwew, CEO of the general insurance business, highlighted that the ability to efficiently and transparently pay claims is a true measure of an insurance company's operational strength and financial resilience. The performance in 2025 showcased the advantages of the SanlamAllianz joint venture, leveraging global underwriting standards and local expertise.
Plus234Feed summary based on reporting from This Day. Read the original report below.
Read full article
Continue on This Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Mutual Benefits Assurance Settles N5.93bn Claims in January
Sovereign Trust Insurance Claims Rise to N6.05 Billion
Mutual Benefit Assurance Pays N4.2 Billion in Claims
Mutual Benefit Assurance Pays N5.94bn Claims in January
Linkage Assurance Plc Grows Revenue by 24% to N27.6bn in 2025 Financial Year
NSIA Reports N478.8bn Income for 2025 Fiscal Year
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
