Top 10 African companies by life insurance premiums in 2024

June 22, 2026
Africa Globe

Figures in thousands USD

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RankingCompanyCountryClass of businessPremiums2024 shares
1SanlamSouth AfricaLife5 037 65810.7%
2Old Mutual Life AssuranceSouth AfricaLife2 058 2714.4%
3Liberty GroupSouth AfricaLife1 912 6274.1%
4Momentum Metropolitan LifeSouth AfricaLife1 430 5573.0%
5Discovery LifeSouth AfricaLife1 187 0542.5%
6Mutuelle Taamine ChaabiMoroccoLife748 2231.6%
7Wafa AssuranceMoroccoComposite620 9191.3%
8RMAMoroccoComposite463 6571.0%
9Britam LifeKenyaLife322 3440.7%
10Axa Assurance MarocMoroccoComposite239 2120.5%
Total life premiums  14 020 52229.8%
Rest of life market  33 078 84270.2%
Life market grand total  47 099 364100%

* This ranking includes only life insurance premiums written by the companies. Non-life insurance premiums written by composite insurers have been excluded from this ranking.


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