{
  "id": 6758860,
  "title": "Top 10 Nigerian insurers that paid the most claims in H1 2026",
  "url": "https://urgent.news/2026/09/11/top-10-nigerian-insurers-that-paid-the-most-claims-in-h1-2026",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T12:49:29.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/09/11/top-10-nigerian-insurers-that-paid-the-most-claims-in-h1-2026/"
  },
  "original_language": "en",
  "account": "In the first half of 2026, Nigeria's top 10 insurers paid out a total of N188.19 billion in claims, marking a 4.44% decrease from N196.93 billion in the same period last year, according to Nairametrics Research. This metric, claims paid, is a crucial indicator of an insurer's ability to meet its commitments to policyholders. The decline in claims paid may signal improved risk selection, more effective claims management, or a quieter period for insurable events.\n\nAmong the top insurers, SUNU Assurances Nigeria Plc led with N5.77 billion in claims, representing a 30.06% drop from N8.25 billion in the previous half-year. The company's claims-to-premium ratio of 44.15% signifies that for every N100 in received premiums, they paid out N44.15 in claims. SUNU's revenue increased by 18.37% to N11.80 billion, while profitability suffered, with profit before and after tax falling significantly.\n\nPrestige Assurance Plc followed with N6.51 billion in claims, a 7% rise from N6.08 billion the previous period. The company's claims-to-premium ratio of 50.87% - the second-highest among the ten insurers - indicates they paid N50.87 in claims for every N100 in received premiums. Prestige's revenue grew by a minuscule 2.02% to N12.56 billion, yet profitability surged, with profit before and after tax more than doubling.\n\nLasaco Assurance Plc experienced the steepest decline, paying N6.60 billion in claims, a 64.45% decrease from N18.58 billion. Despite this, the company's claims-to-premium ratio of 31.90% suggests they collected more in premiums relative to claims compared to other insurers. Lasaco's revenue slipped by 3.21% to N16.35 billion, while its profit before and after tax declined by 15.81% and 47.38%, respectively.\n\nConsolidated Hallmark Insurance Plc demonstrated remarkable growth, paying N9.15 billion in claims, a 70.77% increase from N5.36 billion. This resulted in a claims-to-premium ratio of 30.70%, the lowest among the top ten insurers. The company's revenue grew by 9.21% to N25.04 billion, and its profitability skyrocketed, with profit before and after tax surging by 1,436.21% and 2,083.06%, respectively, mainly due to exceptional gains from investment results.",
  "summary": "Ten listed Nigerian insurance companies collectively paid out N188.19 billion in claims in the first half of 2026, a 4.44% decline from N196.93 billion paid in the same period of 2025. The post Top 10 Nigerian insurers that paid the most claims in H1 2026 appeared first on Nairametrics .",
  "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."
}