Increased market activity, coupled with an expansion in coverage, boosted the insurance industry's 2025 half-year financial performance, according a media statement released by the Insurance Regulatory Authority of Uganda (IRA).
The industry’s gross written premiums grew by 8.78% in the first six months ended 30 June 2025 to UGX1.06tn ($302m) from UGX933.76bn in the corresponding period last year. The life insurance business grew by 12.55% from UGX357.81bn to UGX402.71bn, while the non-life segment grew by 5.59% from UGX542.27bn to UGX572.60bn.
Health membership organisations, on the other hand, generated UGX38.28bn in 1H2025, up from UGX33.07bn in 1H2024, while premiums generated in the microinsurance branch surged by 242.7% to UGX2.1bn from UGX61m.
Claims payouts
Claims paid amounted to UGX442.73bn in 1H2025, 4.5% higher than claims totalling UGX423.8bn paid in the corresponding half in 2024.
IRA CEO, Dr Ibrahim Lubega Kaddunabbi, commenting on the first-half financial performance of the insurance sector, said that the gross claims paid out in 1H2025 represented 43.6% of the industry’s GWP for the first six months.
This highlights the substantial financial impact of claims on the industry and reflects the growing benefits being delivered to policyholders, he said.
Dr Kaddunabbi also said the industry showed significant expansion in insurance coverage. He said, “Overall, the results point to a sector that is broadening its base through both mass-market microinsurance and group-based risk pooling, thereby enhancing financial inclusion and workplace protection.”