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| Companies | Category | 2024 turnover | 2024 shares | ||
| NGN | USD | ||||
| 1 | Leadway Assurance | Composite | 195 489 999 | 127 068 | 12.5% |
| 2 | AIICO Insurance | Composite | 158 107 454 | 102 770 | 10.1% |
| 3 | Custodian and Allied Insurance | Non-life | 152 011 670 | 98 808 | 9.7% |
| 4 | NEM Insurance | Non-life | 108 389 774 | 70 453 | 6.9% |
| 5 | AXA Mansard Insurance | Composite | 84 664 571 | 55 032 | 5.4% |
| 6 | SanlamAllianz Life | Life | 58 162 204 | 37 805 | 3.7% |
| 7 | Custodian Life Assurance | Life | 56 009 475 | 36 406 | 3.6% |
| 8 | Sovereign Trust Insurance | Non-life | 42 092 987 | 27 360 | 2.7% |
| 9 | Mutual Benefits Assurance | Non-life | 41 605 622 | 27 044 | 2.7% |
| 10 | Coronation Insurance | Non-life | 36 744 775 | 23 884 | 2.4% |
| Total Top 10 | 933 278 531 | 606 630 | 59.7% | ||
| Rest of the market | 629 621 469 | 409 255 | 40.3% | ||
| Grand total | 1 562 900 000 | 1 015 885 | 100% | ||
Exchange rate as at 31/12/2024: 1 NGN = 0.00065 USD
Read also | Nigeria Insurance Market
