Heirs Insurance Group (HIG),has reported a combined gross written premium of N115bn in 2025, an increase from N61bn recorded in 2024 an increase of 88.5% in its audited and regulator approved report.
The group statement outlined the combined earned insurance revenue rose by 70% from N29bn to N53.4bn, while the combined assets grew by 83% from N89bn to N169.7bn. However, combined profit before tax dipped slightly in response to macroeconomic headwinds, particularly foreign exchange volatility, recording N9.53bn compared to prior year of N11.2bn. This performance holds the reports of Heirs Life Assurance, Heirs General Insurance and Heirs Insurance Brokers.
Its obligation to customers claims rose by 87%. The combined claims by the two insurers was N19.4bn up from N10.4bn the prior year. The statement cleared that seven out of every ten claims were settled within 24 hours. Nigeria’s fastest-growing insurance group, has announced the audited financial results of its companies for the year ended December 31, 2025, delivering a landmark performance marked by strong year-on-year record, increased claims payout, and international recognition for growth.
The results come on the heels of a landmark international recognition: Heirs Life Assurance and Heirs General Insurance were both named among the Financial Times’ Africa’s Fastest-Growing Companies 2026, one of the most respected rankings of corporate growth and performance. Of the 130 companies recognised across all sectors, Heirs Life Assurance ranked 7th, while Heirs General Insurance ranked 41st, reinforcing the Group’s position as one of Africa’s most dynamic insurance businesses.
The insurance group has continued to roll out initiatives, empowering customers across Nigeria easily access insurance. Its latest roll out of a WhatsApp-powered Gen AI chatbot, Prince AI, ensures that customers can transact insurance in seconds in eleven local and international languages right from their phones.
