Nigeria’s insurance sector closed Q3 2025 with a broadly positive performance, driven by strong revenue growth among leading underwriters despite ongoing macroeconomic challenges.
Q3 financials show rising gross insurance revenue, higher investment income, and mixed profitability, mainly influenced by increasing claims and service expenses.
Below is a ranking of insurers by Q3 2025 insurance revenue, along with key financial highlights.
Insurers that generated the largest insurance revenue in Q3 2025
Consolidated Hallmark recorded N8.22 billion in revenue, up 2.87%, from N7.99 billion. Despite this growth, the company posted a negative PBT of N257 million, largely driven by elevated service expenses of N8.10 billion and significant claims payouts totaling N5.36 billion.
Despite a strong investment income of N3.38 billion, the insurer posted a 59.8% decrease in PAT, closing the quarter at N4.95 billion. The insurer’s performance metrics further reflect operational pressure, with a high loss ratio of 98.59% indicating substantial claims exposure.
Still, CONHALLPLC maintained a solid financial footing, supported by total assets of N72.18 billion, shareholders’ equity of N39.73 billion, and healthy return ratios—Investment yield at 41.12%, ROA at 6.85% and ROE at 12.45%.
