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Ghana insurance market: revenue per class of business in 2025
July 14, 2026
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| Class of business | Revenue 2025 | Revenue 2024 | Evolution 2024-2025 (1) | Shares 2025 | ||
| In GHS | In USD | In GHS | In USD | |||
| Non-life insurance | ||||||
| Motor | 2 441 183 | 226 200 | 2 028 330 | 137 825 | 20.4% | 27.2% |
| Property damage (2) | 1 843 529 | 170 822 | 1 567 614 | 106 519 | 17.6% | 20.6% |
| Credit and bond | 395 244 | 36 623 | 300 968 | 20 451 | 31.3% | 4.4% |
| Health and personal accident | 347 303 | 32 181 | 298 134 | 20 258 | 16.5% | 3.9% |
| Marine and aviation | 327 222 | 30 320 | 249 276 | 16 938 | 31.3% | 3.6% |
| Engineering | 311 765 | 28 888 | 375 477 | 25 514 | -17.0% | 3.5% |
| General third-party liability | 221 979 | 20 569 | 231 192 | 15 710 | -4.0% | 2.5% |
| Other non-life risks | 4 636 | 430 | 2 500 | 170 | 85.4% | 0.1% |
| Total non-life | 5 892 861 | 546 033 | 5 053 491 | 343 385 | 16.6% | 65.8% |
| Life insurance | ||||||
| Pure endowment | 1 329 008 | 123 146 | 576 799 | 39 194 | 130.4% | 14.8% |
| Group insurance | 571 493 | 52 954 | 360 535 | 24 498 | 58.5% | 6.4% |
| Universal life insurance (3) | 524 257 | 48 578 | 791 975 | 53 815 | -33.8% | 5.9% |
| Term life insurance | 233 715 | 21 656 | 278 666 | 18 935 | -16.1% | 2.6% |
| Life-credit insurance | 182 127 | 16 876 | 191 846 | 13 036 | -5.1% | 2.0% |
| Other life risks | 220 480 | 20 430 | 77 349 | 5 256 | 185% | 2.5% |
| Total life | 3 061 080 | 283 640 | 2 277 170 | 154 734 | 34.4% | 34.2% |
| Grand total | 8 953 941 | 829 673 | 7 330 661 | 498 119 | 22.1% | 100% |
(1) Growth rate in local currency
(2) Includes theft and fire
(3) Includes investment products
Exchange rate as at 31/12/2025: 1 GHS = 0.09266 USD; at 31/12/2024: 1 GHS = 0.06795 USD
Source : National Insurance Commission (NIC)
Read also | Insurance companies in Ghana
