Heirs Insurance Group, comprising Heirs Life Assurance, Heirs General Insurance and Heirs Insurance Brokers, have plans to expand their operations from Nigeria to other parts of Sub-Saharan Africa.
Mr Niyi Onifade, managing director and CEO of Heirs Life Assurance, disclosed this during a screening for the media of a documentary titled, ‘3-Years of Impact’, reported Business Day.
Separately, in a corporate statement, the Group announced that its General and Life insurance companies, recorded a combined Gross Written Premium (GWP) of NGN31.7bn ($19.4m) in 2023, 59.3% higher than the NGN19.9bn chalked up in 2022.
A summary of the Profit Before Tax of the group’s insurance units is as follows:
|
Company
|
2023
|
2022
|
Y-o-Y growth
|
|
Heirs General Insurance
|
2.4bn
|
791m
|
203%
|
|
Heirs Life Insurance
|
1.8bn
|
379m
|
395%
|
|
Heirs Insurance Brokers
|
539m
|
232m
|
128%
|
|
Source: Heirs Insurance Group
|
Heirs Insurance Group is the insurance subsidiary of Heirs Holdings, the leading pan-African investment company with investments across 24 countries and four continents.