Heirs Insurance Group (Heirs) has announced the audited financial results of its companies for the year ended 31 December 2025. Heirs is the insurance arm of Heirs Holdings, a pan-African investment company.
Combined results
Heirs reported a combined gross written premium (GWP) of NGN115bn ($108.3m) in 2025, an 88.5% increase from the NGN61bn recorded in 2024.
|
|
2024
(NGNbn)
|
2025
(NGNbn)
|
%
|
|
Combined earned insurance revenue
|
29.4
|
53.4
|
+70%
|
|
Combined total assets
|
89
|
169
|
+83%
|
|
Combined profit before tax
|
11.2
|
9.53
|
-15%
|
|
Claims paid out
|
10.4
|
19.4
|
+87%
|
|
Source: Heirs Insurance Group
|
|
According to Heirs, the dip in combined profit before tax (PBT) was due to macroeconomic headwinds, particularly foreign exchange volatility.
A breakdown
Heirs Life Assurance
Heirs Life Assurance reported a GWP of NGN88.6bn in 2025, a 100% growth from the NGN44.2bn recorded in 2024.
|
|
2024
(NGNbn)
|
2025
(NGNbn)
|
%
|
|
Earned insurance revenue
|
15.1
|
27.2
|
+80%
|
|
Investment income
|
4.6
|
24.8
|
+430%
|
|
Total assets
|
66.2
|
136.2
|
+206%
|
|
Profit before tax
|
5.5
|
7.6
|
+38%
|
|
Claims paid out
|
6.5
|
14.4
|
+121%
|
|
Source: Heirs Insurance Group
|
|
Heirs General Insurance
Heirs General Insurance maintained growth, recording a GWP of NGN26.6bn in 2025, as compared to NGN16.9bn (+57%) in 2024.
|
|
2024
(NGNbn)
|
2025
(NGNbn)
|
%
|
|
Earned insurance revenue
|
14.3
|
23.9
|
+67%
|
|
Investment income
|
5.7
|
2.5
|
-56%
|
|
Total assets
|
26.8
|
33.5
|
+25%
|
|
Profit before tax
|
4.9
|
1.1
|
-78%
|
|
Claims paid out
|
4
|
5
|
+22%
|
|
Source: Heirs Insurance Group
|
|
Heirs noted that the decreases in PBT and investment income could be attributed to the impact of foreign exchange rate volatility.
Heirs Insurance Brokers
Heirs Insurance Brokers recorded growth as well, with revenue increasing from NGN1.97bn in 2024 to NGN2.34bn in 2025 (+19%), due to increased client acquisition and retention.
PBT rose as well, from NGN1.2bn in 2024, to NGN1.4bn, a 17% increase. Heirs also attributed the performance to strong cost discipline and operational efficiency.