Ranking of insurance companies in Uganda
Non-life insurance company in Uganda: ranking per 2022 turnover
Figures in thousands
| 2022 turnover | 2021 turnover | 2021-2022 turnover (1) | 2022 shares | |||
|---|---|---|---|---|---|---|
| UGX | USD | UGX | USD | |||
| UAP General | 217 743 831 | 58 791 | 152 804 943 | 42 785 | 42.50% | 15.57% |
| Sanlam General | 100 467 455 | 27 126 | 89 775 703 | 25 137 | 11.91% | 7.19% |
| Jubilee Insurance | 92 745 172 | 25 041 | 120 563 930 | 33 758 | -23.07% | 6.63% |
| Jubilee Health | 81 427 873 | 21 986 | 31 085 970 | 8 704 | 161.94% | 5.82% |
| Britam | 73 273 165 | 19 784 | 70 036 069 | 19 610 | 4.62% | 5.24% |
| ICEA General | 34 357 563 | 9 277 | 29 486 190 | 8 256 | 16.52% | 2.46% |
| Goldstar | 32 285 352 | 8 717 | 28 225 283 | 7 903 | 14.38% | 2.31% |
| Liberty General | 32 024 085 | 8 646 | 24 573 745 | 6 881 | 30.32% | 2.29% |
| CIC General | 30 630 840 | 8 270 | 24 295 405 | 6 803 | 26.08% | 2.19% |
| Alliance | 30 443 145 | 8 220 | 20 518 742 | 5 745 | 48.37% | 2.18% |
| NIC General | 28 592 912 | 7 720 | 23 544 237 | 6 592 | 21.44% | 2.05% |
| MUA Insurance | 28 128 778 | 7 595 | 23 360 189 | 6 541 | 20.41% | 2.01% |
| APA | 24 814 387 | 6 700 | 20 803 440 | 5 825 | 19.28% | 1.78% |
| GA Insurance | 21 458 434 | 5 794 | 16 624 936 | 4 655 | 29.07% | 1.53% |
| Swico | 18 909 588 | 5 106 | 17 099 703 | 4 788 | 10.58% | 1.35% |
| Mayfair | 17 427 521 | 4 705 | 13 054 930 | 3 655 | 33.49% | 1.25% |
| Excel | 10 119 661 | 2 732 | 9 334 497 | 2 614 | 8.41% | 0.72% |
| PAX | 7 952 736 | 2 147 | 6 041 214 | 1 692 | 31.64% | 0.57% |
| TransAfrica | 7 340 790 | 1 982 | 8 852 837 | 2 479 | -17.08% | 0.52% |
| FICO | 4 840 503 | 1 307 | 4 043 932 | 1 132 | 19.70% | 0.35% |
| RIO | 1 563 860 | 422 | 1 462 000 | 409 | 6.97% | 0.11% |
| AIG | - | - | 499 400 | 140 | - | - |
| Total non-life | 896 547 651 | 242 068 | 736 087 295 | 206 104 | 21.80% | 64.12% |
(1) Growth rate in local currency
Non-life insurance company in Uganda: ranking per 2022 turnover
Figures in thousands
| 2022 turnover | 2021 turnover | 2021-2022 turnover (1) | 2022 shares | |||
|---|---|---|---|---|---|---|
| UGX | USD | UGX | USD | |||
| Prudential Assurance | 115 603 449 | 31 213 | 95 469 496 | 26 732 | 21.09% | 8.27% |
| ICEA Life | 93 482 353 | 25 240 | 63 717 607 | 17 841 | 46.71% | 6.68% |
| UAP Life | 91 882 475 | 24 808 | 63 545 233 | 17 793 | 44.59% | 6.57% |
| Jubilee Life | 82 129 231 | 22 175 | 71 653 723 | 20 063 | 14.62% | 5.87% |
| Sanlam Life | 52 571 901 | 14 194 | 35 515 772 | 9 944 | 48.02% | 3.76% |
| Liberty Life | 50 076 729 | 13 521 | 42 565 019 | 11 918 | 17.65% | 3.58% |
| CIC Life | 13 502 821 | 3 646 | 12 144 219 | 3 400 | 11.19% | 0.97% |
| NIC Life | 2 494 179 | 674 | 2 888 677 | 809 | -13.66% | 0.18% |
| Metropolitan Life | - | - | 9 629 225 | 2 696 | - | - |
| Total life | 501 743 138 | 135 471 | 397 128 971 | 111 196 | 26.34% | 35.88% |
(1) Growth rate in local currency
Exchange rate as at 12/31/2022: 1 UGX = 0.00027 USD ; 12/31/2021: 1 UGX = 0.00028 USD
Read also | Ugandan insurance market
