Insurance companies in Ghana: ranking per 2021 turnover
Non-life insurance companies in Ghana
In thousandsCompanies | 2021 turnover | 2020 turnover | 2020-2021 evolution (1) | 2021 shares | ||
---|---|---|---|---|---|---|
GHS | USD | GHS | USD | |||
Enterprise Insurance | 335 170 | 54 234 | 259 686 | 44 149 | 29.07% | 6.88% |
SIC Insurance | 276 224 | 44 696 | 242 689 | 41 260 | 13.82% | 5.67% |
Hollard Insurance Ghana | 212 492 | 34 383 | 172 262 | 29 286 | 23.35% | 4.36% |
Star Assurance | 192 372 | 31 128 | 146 980 | 24 988 | 30.88% | 3.95% |
Glico General Insurance | 172 911 | 27 979 | 147 958 | 25 154 | 16.86% | 3.55% |
Vanguard Assurance | 162 610 | 26 312 | 138 801 | 23 598 | 17.15% | 3.34% |
Ghana Union Assurance | 140 910 | 22 801 | 113 813 | 19 349 | 23.81% | 2.89% |
Activa International Insurance | 116 065 | 18 781 | 80 143 | 13 625 | 44.82% | 2.38% |
Phoenix Insurance | 86 498 | 13 996 | 68 901 | 11 714 | 25.54% | 1.77% |
Sunu Assurance | 66 620 | 10 780 | 59 292 | 10 080 | 12.36% | 1.37% |
Prime Insurance | 65 023 | 10 521 | 51 417 | 8 741 | 26.46% | 1.33% |
Quality Insurance | 63 259 | 10 236 | 46 142 | 7 845 | 37.10% | 1.30% |
Provident Insurance | 53 110 | 8 594 | 40 649 | 6 911 | 30.66% | 1.09% |
Donewell Insurance | 52 909 | 8 561 | 47 584 | 8 090 | 11.19% | 1.08% |
Saham Insurance Ghana | 49 184 | 7 958 | 37 821 | 6 430 | 30.04% | 1.01% |
Allianz Insurance | 47 964 | 7 761 | 55 875 | 9 499 | -14.16% | 0.98% |
Serene Insurance | 43 364 | 7 017 | 21 220 | 3 608 | 104.35% | 0.89% |
Millennium Insurance | 41 779 | 6 760 | 26 860 | 4 566 | 55.54% | 0.86% |
Priority Insurance | 40 906 | 6 619 | 27 966 | 4 755 | 46.27% | 0.84% |
Imperial General Assurance | 25 079 | 4 058 | 16 005 | 2 721 | 56.69% | 0.51% |
Coronation Insurance Ghana(2) | 24 597 | 3 980 | 20 263 | 3 445 | 21.39% | 0.50% |
Unique Insurance | 24 148 | 3 907 | 17 780 | 3 023 | 35.82% | 0.49% |
NSIA Ghana Insurance | 23 333 | 3 776 | 17 724 | 3 013 | 31.65% | 0.48% |
Best Assurance | 20 853 | 3 374 | 22 321 | 3 795 | -6.58% | 0.43% |
Loyalty Insurance | 20 457 | 3 310 | 10 792 | 1 835 | 89.56% | 0.42% |
Bedrock Insurance | 3 939 | 637 | 3 752 | 638 | 4.98% | 0.08% |
RegencyNem Insurance Ghana | - | - | 40 042 | 6 807 | - | - |
Total non-life | 2 361 776 | 382 159 | 1 934 738 | 328 925 | 22.07% | 48.45% |
Life insurance companies in Ghana
In thousandsCompanies | 2021 turnover | 2020 turnover | 2020-2021 evolution (1) | 2021 shares | ||
---|---|---|---|---|---|---|
GHS | USD | GHS | USD | |||
Enterprise Life Assurance | 608 800 | 98 510 | 521 270 | 88 621 | 16.79% | 12.49% |
SIC Life Insurance | 476 033 | 77 027 | 401 646 | 68 284 | 18.52% | 9.77% |
StarLife Assurance | 411 798 | 66 633 | 321 501 | 54 658 | 28.09% | 8.45% |
Prudential Life Insurance Ghana | 223 408 | 36 150 | 157 743 | 26 818 | 41.63% | 4.58% |
Glico Life Insurance | 179 510 | 29 046 | 148 934 | 25 320 | 20.53% | 3.68% |
Mi Life Insurance | 134 301 | 21 731 | 80 703 | 13 720 | 66.41% | 2.75% |
Metropolitan Life Insurance Ghana | 117 140 | 18 954 | 99 330 | 16 887 | 17.93% | 2.40% |
Old Mutual Assurance Ghana | 103 769 | 16 791 | 83 184 | 14 142 | 24.75% | 2.13% |
Allianz Life Insurance | 49 687 | 8 040 | 31 662 | 5 383 | 56.93% | 1.02% |
Phoenix Life Assurance | 41 174 | 6 662 | 30 185 | 5 132 | 36.41% | 0.84% |
Saham Life Insurance Ghana | 33 463 | 5 415 | 24 334 | 4 137 | 37.52% | 0.69% |
Quality Life Assurance | 27 068 | 4 380 | 24 217 | 4 117 | 11.77% | 0.56% |
Donewell Life Insurance | 24 037 | 3 889 | 19 778 | 3 362 | 21.53% | 0.49% |
Hollard Life Assurance | 20 875 | 3 378 | 14 327 | 2 436 | 45.70% | 0.43% |
Vanguard Life Assurance | 17 211 | 2 785 | 16 861 | 2 866 | 2.08% | 0.35% |
Ghana Life Insurance | 16 761 | 2 712 | - | - | - | 0.34% |
Ghana Union Assurance Life | 14 003 | 2 266 | 11 762 | 2 000 | 19.05% | 0.29% |
Exceed Life Assurance | 6 036 | 977 | 3 299 | 561 | 82.96% | 0.12% |
First Insurance | 5 950 | 963 | 5 068 | 862 | 17.40% | 0.12% |
GN Life Assurance | 2 324 | 376 | 2 987 | 508 | -22.20% | 0.05% |
Total life | 2 513 348 | 406 685 | 1 998 791 | 339 814 | 25.74% | 51.55% |
(1) Growth rate in local currency
(2) Ex. Wapic Insurance Ghana
Exchange rate as at 31/12/2021 : 1 GHS = 0.16181 USD ; at 31/12/2020 : 1 GHS = 0.17001 USD
Read also | Ghana insurance market
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Thu, 29/09/2022 - 11:51
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