{
  "id": 3373748,
  "title": "Heirs Insurance Announces N115bn Premium, Pays N19.4bn Claims",
  "url": "https://urgent.news/2026/08/25/heirs-insurance-announces-n115bn-premium-pays-n19-4bn-claims",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T23:21:00.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/08/26/heirs-insurance-announces-n115bn-premium-pays-n19-4bn-claims/"
  },
  "original_language": "en",
  "account": "Heirs Insurance Group (HIG) has reported a substantial increase in its gross written premium, reaching N115 billion for the year ending December 31, 2025, marking an 88.5 percent rise compared to N61 billion in 2024. The company's combined earned insurance revenue grew by 70 percent, from N29.43 billion in 2024 to N53.4 billion in 2025. Total assets expanded by 83 percent, from N89 billion in 2024 to N169.7 billion in 2025. Despite macroeconomic challenges, the group's pre-tax profit (PBT) decreased slightly, standing at N9.53 billion in 2025, down from N11.2 billion the previous year. The company paid out N19.4 billion in claims in 2025, reflecting an impressive 87 percent increase from N10.4 billion paid in 2024. HIG's achievements were recognized internationally, with both Heirs Life Assurance and Heirs General Insurance being named among the Financial Times’ Africa’s Fastest-Growing Companies 2026. Heirs Life Assurance achieved significant growth, doubling its gross written premium to N88.59 billion and increasing insurance revenue by 80 percent to N27.2 billion. Profit before tax rose by 38 percent, reaching N7.6 billion. The group's investment income surged by 430 percent, growing from N4.6 billion to N24.8 billion. Claims paid increased by 121 percent, reaching N14.4 billion. Heirs General Insurance also demonstrated robust growth, with a 57 percent increase in its gross written premium to N26.6 billion and a 67 percent rise in insurance revenue to N23.9 billion. Claims paid grew by 22 percent, totaling N5 billion. Total assets for Heirs General Insurance expanded by 25 percent, reaching N33.5 billion.",
  "summary": "Ebere Nwoji Heirs Insurance Group (HIG), has announced a gross written premium of N115 billion. The group announced this in its audited financial results for the year ended December 31,",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}