Top 100 insurance companies in Africa

Figures in millions
2019 rankCompaniesClass of businessCountry2019 turnover2018 turnover2018-2019 evolution *
In local currencyIn USDIn local currencyIn USD
1
Sanlam
LSouth Africa87 9316 25467 2464 65530.76%
2
Old Mutual Life
LSouth Africa55 3243 93553 9203 7332.60%
3
Liberty Group
LSouth Africa38 8202 76137 4942 5963.54%
4
Santam
NLSouth Africa28 4312 02226 3611 8257.85%
5
MML Group Limited (1)
LSouth Africa27 5101 94821 3551 55328.82%
6
Wafa Assurance
CMorocco8 8539128 3718755.76%
7
The Hollard Insurance (1)
NLSouth Africa11 32680211 1798131.31%
8
Old Mutual Insure
NLSouth Africa10 6607589 51165812.08%
9
Guardrisk Insurance (1)
NLSouth Africa9 9847078 20159621.75%
10
Royale Marocaine d'Assurance
CMorocco6 8167026 5446844.16%
11
OUTsurance Insurance
NVSouth Africa8 3805937 7965677.49%
12
Saham Assurance
CMorocco5 4225595 2235463.81%
13
Misr Insurance (1)
NLEgypt8 9905388 5574785.06%
14
Mutuelle Taamine Chaabi
LMorocco5 1235284 25344520.46%
15
The Hollard Life Assurance (1)
LSouth Africa7 4485276 49847314.62%
16
Guardrisk Life (1)
LSouth Africa7 4085246 7904949.09%
17
Axa Assurance Maroc
CMorocco4 6454794 2314429.79%
18
Professional Provident Society Insurance
LSouth Africa4 6063284 2112929.37%
19
Bryte Insurance Company
NLSouth Africa4 5283224 2752965.93%
20
AVBOB Mutual Assurance (1)
LSouth Africa4 1582943 63626414.37%
21
Absa Life
LSouth Africa4 0852913 7802628.07%
22
Atlanta
CMorocco2 6642752 4332549.52%
23
Misr Life Insurance Company (1)
LEgypt4 4032633 97422210.79%
24
Leadway Assurance
CNigeria90 59624887 5202403.52%
25
Botswana Life Insurance
LBotswana2 6512462 39721910.57%
26
Assupol Holdings (1)
LSouth Africa3 4582452 98721715.76%
27
SAA
NLAlgeria29 11724327 6792325.20%
28
Britam Life
LKenya23 94223420 61920116.12%
29
Marocaine Vie
LMorocco2 2682341 82619124.22%
30
Mutual & Federal Risk Financing
NLSouth Africa3 2212292 84719713.15%
31
Sanad
CMorocco2 1762242 0222117.61%
32
Absa Insurance 
NLSouth Africa3 0932202 56717820.52%
33
Auto and General Insurance (1)
NLSouth Africa2 9932123 592261-16.68%
34
CAAT
NLAlgeria24 58920624 1262021.92%
35
Standard Insurance
NLSouth Africa2 7591962 6591843.74%
36
Escap(2)
NLSouth Africa2 7221873 341282-18.54%
37
Allianz Life Egypt (1)
LEgypt3 1201871 97811057.76%
38
Metlife Egypt (1)
LEgypt2 8551712 37413220.24%
39
MCMA
CMorocco1 5411591 4191488.65%
40
Nedgroup Life Assurance
LSouth Africa2 1721542 0061398.25%
41
Allianz Assurance Maroc
LMorocco1 4801531 3671438.25%
42
Sasria (2)
NLSouth Africa2 1691491 9941688.76%
43
Renasa Insurance (1)
NLSouth Africa2 0451451 40510245.51%
44
Lombard Insurance (1)
NLSouth Africa2 0191431 81313211.31%
45
Jubilee Insurance
LKenya14 13413812 65312311.70%
46
AIICO Insurance
CNigeria50 13813737 66610333.12%
47
STAR
CTunisia3751343591194.50%
48
ENSA seguros de Angola
CAngola63 79613147 69715433.75%
49
Budget Insurance (1)
NLSouth Africa1 8281291 7491274.51%
50
Custodian & Allied 
CNigeria47 20312936 72210128.54%
51
Clientele Life (1)
LSouth Africa1 8261291 7921301.91%
52
CAAR
NLAlgeria15 36512815 1951271.12%
53
SWAN Life
LMauritius4 8211284 3951259.70%
54
ICEA Lion Life
LKenya13 04112812 1141187.65%
55
Alexander Forbes Insurance (2)
NLSouth Africa1 7761221 6951434.77%
56
CNMA
NLAlgeria14 31212014 0251172.05%
57
AXA Life Egypt (1)
LEgypt2 0001201 5998925.13%
58
AXA Mansard Insurance
CNigeria43 62012033 9249328.58%
59
King Price Insurance (1)
NLSouth Africa1 6121141 1738537.38%
60
Mamda
NLMorocco1 0351071 0011053.39%
61
Compass Insurance
NLSouth Africa1 4961061 411986.03%
62
Ethiopian Insurance Corporation (1)
CEthiopia3 1171062 8421029.69%
63
CASH Assurances
NLAlgeria12 6761069 4998033.45%
64
CIC General
NLKenya10 53710310 090984.43%
65
Hollard Specialist Insurance (1)
NLSouth Africa1 4341011 3961022.70%
66
1 Life (1)
LSouth Africa1 387981 334973.98%
67
SAHAM Assurance CI
NLCôte d'Ivoire56 7719752 017919.14%
68
APA Insurance
NLKenya9 337919 55993-2.32%
69
UAP Insurance
NLKenya9 279919 150891.40%
70
SUNU Assurances Vie
LCôte d'Ivoire50 6828748 904853.63%
71
Nedgroup Insurance
NLSouth Africa1 180841 175810.46%
72
CIAR
NLAlgeria9 8668210 09985-2.31%
73
Old Mutual Alternative Risk Transfer
LSouth Africa1 145811 0077013.68%
74
SWAN
NLMauritius3 060812 882826.19%
75
Britam
NLKenya8 209808 049791.99%
76
Infiniti Insurance (2)
NLSouth Africa1 155801 123952.85%
77
Allianz Global Corporate
NLSouth Africa1 117799856813.39%
78
Jubilee Health
NLKenya7 88477---
79
Enterprise Life
LGhana437763607421.23%
80
COMAR
CTunisia21276208691.97%
81
CAT
NLMorocco69371689720.61%
82
First for Women Insurance (1)
NLSouth Africa95267936681.78%
83
GIG Egypt (1)
NLEgypt1 110669715414.28%
84
Bupa Egypt (1)
NLEgypt1 086659675412.30%
85
GA Insurance
NLKenya6 520645 977589.08%
86
SICOM Life
LMauritius2 382636 384181-62.69%
87
Mauritius Union Assurance
NLMauritius2 350622 253644.30%
88
AXA Insurance(1)
NLEgypt1 043625893377.04%
89
Momentum Short Term Insurance (1)
NLSouth Africa881627475417.86%
90
SIC Life
LGhana355623056316.44%
91
GAT
NLTunisia1716117558-2.05%
92
The Federated Employers Mutual Assurance Company
NLSouth Africa8576195766-10.45%
93
MAGHREBIA
NLTunisia17061159536.44%
94
Suez Canal Insurance (1)
NLEgypt1 00760938527.32%
95
ASTREE
CTunisia16860155528.40%
96
CIC Life
LKenya6 072596 07459-0.04%
97
Maroc Assistance Internationale
NLMorocco56859542574.87%
98
Dial Direct Insurance (1)
NLSouth Africa8255889965-8.32%
99
AMI
CTunisia1615816856-4.17%
100
AAR Insurance
NLKenya5 862575 609554.51%

*Evolution in local currency
(1) The year ending June 30th
(2) The year ending March 31th
L = Life
NL= Non life
C= Composite

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