Ranking of Kenyan life insurance companies according to 2019's turnover
Figures in thousands
| Non-life companies | Turnover 2019 | Turnover 2018 | 2018-2019 evolution (1) | 2019 shares | ||
|---|---|---|---|---|---|---|
| In KES | In USD | In KES | In USD | |||
Britam Life | 23 941 687 | 234 150 | 20 618 666 | 201 238 | 16.12% | 24.58% |
Jubilee Insurance | 14 133 786 | 138 228 | 12 653 249 | 123 496 | 11.70% | 14.51% |
ICEA Lion Life | 13 040 900 | 127 540 | 12 113 887 | 118 232 | 7.65% | 13.39% |
CIC Life | 6 072 127 | 59 385 | 6 074 278 | 59 285 | -0.04% | 6.24% |
Kenindia | 5 612 172 | 54 887 | 5 546 763 | 54 136 | 1.18% | 5.76% |
Pioneer | 5 479 485 | 53 589 | 5 568 988 | 54 353 | -1.61% | 5.63% |
Liberty Life | 5 064 690 | 49 533 | 4 511 721 | 44 034 | 12.26% | 5.20% |
Sanlam Life | 4 579 718 | 44 790 | 4 521 343 | 44 128 | 1.29% | 4.70% |
Madison | 3 683 018 | 36 020 | 3 387 394 | 33 061 | 8.73% | 3.78% |
GA Life Assurance | 2 924 019 | 28 597 | 1 671 883 | 16 318 | 74.89% | 3.00% |
UAP Life | 2 399 629 | 23 468 | 2 239 370 | 21 856 | 7.16% | 2.46% |
ABSA Life Assurance (2) | 2 375 712 | 23 235 | 1 776 743 | 17 341 | 33.71% | 2.44% |
Old Mutual | 2 163 140 | 21 156 | 2 024 617 | 19 760 | 6.84% | 2.22% |
APA Life Assurance | 1 517 723 | 14 843 | 1 493 299 | 14 575 | 1.64% | 1.56% |
Geminia | 996 557 | 9 746 | 594 876 | 5 806 | 67.52% | 1.02% |
The Kenyan Alliance | 788 631 | 7 713 | 458 228 | 4 472 | 72.10% | 0.81% |
Kenya Orient Life | 697 941 | 6 826 | 597 857 | 5 835 | 16.74% | 0.72% |
Prudential Life | 638 775 | 6 247 | 400 873 | 3 913 | 59.35% | 0.66% |
KUSCCO Mutual | 449 632 | 4 397 | - | - | - | 0.46% |
Capex Life | 310 511 | 3 037 | 333 912 | 3 259 | -7.01% | 0.32% |
Corporate | 294 319 | 2 878 | 270 642 | 2 642 | 8.75% | 0.30% |
First Assurance | 93 236 | 912 | 109 189 | 1 066 | -14.61% | 0.10% |
The Monarch | 71 307 | 697 | 74 102 | 723 | -3.77% | 0.07% |
Saham | 58 235 | 570 | 61 568 | 601 | -5.41% | 0.06% |
Takaful Insurance of Africa | 8 560 | 84 | 60 262 | 588 | -85.80% | 0.01% |
Metropolitan Cannon | - | - | 244 642 | 2388 | - | - |
| Total | 97 395 510 | 952 528 | 87 408 352 | 853 106 | 11.43% | 100% |
(1) Growth rate in local currency
(2) Formerly named: Barclays Life
* Composite companies appear in the insurers list
Exchange rate KES/USD as at 31/12 | 2018 | 2019 |
0.00976 | 0.00978 |
Read also | Kenyan insurance market
