In the first half of 2025, 18 out of 20 insurance companies that published their financial statements reported a combined total of N2.04 trillion in assets for the period ended June 2025, up from N1.8 trillion recorded six months earlier.
This represents a 13.7% increase, reflecting the growing strength of insurance company balance sheets and the resilience of capital across the sector.
The growth in total assets is largely driven by higher investments and increased premium inflows as insurers expand their underwriting capacity and diversify their portfolios.
These developments not only support financial stability but also indicate a healthier and more sustainable insurance industry.
For investors and analysts, a strong asset base is an important measure of a company’s ability to manage risk and generate future growth.
- It can influence investment decisions and shape market sentiment, making it a key factor beyond just earnings performance.
That being said, this work focuses on the top 10 insurance companies with the largest total assets as of the first half of 2025, prioritising the actual amounts reported.
Here they are:
Cornerstone Insurance Plc occupies the 6th position with total assets of N135.7 billion, up from N121.5 billion recorded at the end of December 2024.
- Financial assets dominated the portfolio at N81 billion, followed by cash and cash equivalents of N24.1 billion, while reinsurance contract assets contributed N17.4 billion, with the remainder spread across other asset categories.
Liabilities rose to N67 billion from N61 billion during the period, and total equity increased to N67.8 billion from N60.4 billion.
On the income statement, insurance revenue grew to N24.4 billion from N16.9 billion.
The company received premiums of N30 billion from policyholders, up from N23.9 billion, while claims paid rose to N9.9 billion from N2.2 billion.
