List of insurance companies in Kenya: ranking per 2021 turnover
Life insurance companies in Kenya
Figures in thousands
| Turnover 2021 | Turnover 2020 | 2021-2020 evolution (1) | 2021 shares | |||
|---|---|---|---|---|---|---|
| KES | USD | KES | USD | |||
| Britam Life | 25 894 130 | 227 351 | 23 326 320 | 212 270 | 11.01% | 20.93% |
| ICEA Lion Life | 20 000 486 | 175 604 | 14 820 301 | 134 865 | 34.95% | 16.17% |
| Jubilee | 13 955 478 | 122 529 | 13 313 829 | 121 156 | 4.82% | 11.28% |
| Kenindia | 11 126 721 | 97 693 | 7 372 207 | 67 087 | 50.93% | 8.99% |
| Sanlam Life | 8 523 941 | 74 840 | 5 910 436 | 53 785 | 44.22% | 6.89% |
| CIC Life | 6 996 919 | 61 433 | 5 908 970 | 53 772 | 18.41% | 5.66% |
| GA Life | 5 127 574 | 45 020 | 3 449 048 | 31 386 | 48.67% | 4.14% |
| Liberty Life | 5 064 630 | 44 467 | 5 069 693 | 46 134 | -0.10% | 4.09% |
| ABSA Life (2) | 4 933 861 | 43 319 | 3 275 273 | 29 805 | 50.64% | 3.99% |
| Pioneer | 3 944 603 | 34 634 | 4 119 744 | 37 490 | -4.25% | 3.19% |
| Madison | 3 421 663 | 30 042 | 3 971 901 | 36 144 | -13.85% | 2.77% |
| APA Life | 3 175 502 | 27 881 | 1 749 599 | 15 921 | 81.50% | 2.57% |
| Uap Life | 2 355 583 | 20 682 | 1 786 005 | 16 253 | 31.89% | 1.90% |
| Old Mutual Life | 2 259 493 | 19 838 | 2 211 260 | 20 122 | 2.18% | 1.83% |
| Kuscco Mutual | 1 418 284 | 12 453 | 791 773 | 7 205 | 79.13% | 1.14% |
| Kenya Orient Life | 1 341 479 | 11 778 | 1 133 397 | 10 314 | 18.36% | 1.08% |
| Prudential Life | 1 197 770 | 10 516 | 777 476 | 7 075 | 54.06% | 0.97% |
| The Kenyan Alliance | 1 012 736 | 8 892 | 959 688 | 8 733 | 5.53% | 0.82% |
| Geminia Life | 815 174 | 7 157 | 1 003 320 | 9 130 | -18.75% | 0.66% |
| Capex Life | 458 647 | 4 027 | 394 360 | 3 589 | 16.30% | 0.37% |
| Metropolitan Cannon | 392 238 | 3 444 | 336 539 | 3 063 | 16.55% | 0.32% |
| Corporate | 187 788 | 1 649 | 275 752 | 2 509 | -31.90% | 0.15% |
| The Monarch | 108 443 | 952 | 130 733 | 1 190 | -17.05% | 0.09% |
| Saham Life | - | - | 28 832 | 262 | - | - |
| Total Life | 123 713 143 | 1 086 201 | 102 116 456 | 929 260 | 21.15% | 100% |
(1) Growth rate in local currency
(2) Previously known as Barclays Life
Composite companies appear in the life and non-life rankings
Exchange rate as at 31/12/2021: 1 KES = 0.00878 USD; 31/12/2020: 1 KES = 0.00910 USD
Non life insurance companies in Kenya
Figures in thousands| Turnover 2021 | Turnover 2020 | 2021-2020 evolution (1) | 2021 shares | |||
|---|---|---|---|---|---|---|
| KES | USD | KES | USD | |||
| UAP | 13 183 224 | 115 749 | 10 605 343 | 96 509 | 24.31% | 8.65% |
| CIC General | 11 422 041 | 100 286 | 10 196 750 | 92 790 | 12.02% | 7.50% |
| GA | 11 021 966 | 96 773 | 7 840 648 | 71 350 | 40.57% | 7.23% |
| APA | 10 626 654 | 93 302 | 9 508 815 | 86 530 | 11.76% | 6.98% |
| Britam General | 9 881 856 | 86 763 | 8 253 939 | 75 111 | 19.72% | 6.49% |
| Jubilee Health (2) | 9 342 283 | 82 025 | 8 336 809 | 75 865 | 12.06% | 6.13% |
| AAR | 6 686 858 | 58 711 | 5 683 964 | 51 724 | 17.64% | 4.39% |
| Heritage | 6 331 469 | 55 590 | 5 765 206 | 52 463 | 9.82% | 4.16% |
| ICEA Lion General | 6 331 148 | 55 587 | 6 057 393 | 55 122 | 4.52% | 4.16% |
| Madison | 5 784 650 | 50 789 | 4 228 696 | 38 481 | 36.80% | 3.80% |
| Sanlam Insurane | 4 857 950 | 42 653 | 4 066 095 | 37 001 | 19.47% | 3.19% |
| Geminia | 4 800 247 | 42 146 | 5 157 207 | 46 931 | -6.92% | 3.15% |
| First | 4 513 423 | 39 628 | 4 144 458 | 37 715 | 8.90% | 2.96% |
| Mayfair | 4 262 082 | 37 421 | 3 300 416 | 30 034 | 29.14% | 2.80% |
| Resolution | 4 158 397 | 36 511 | 4 287 042 | 39 012 | -3.00% | 2.73% |
| Directline | 3 589 899 | 31 519 | 2 626 423 | 23 900 | 36.68% | 2.36% |
| MUA | 3 554 095 | 31 205 | 828 145 | 7 536 | 329.16% | 2.33% |
| Jubilee General (2) | 3 489 031 | 30 634 | 3 063 523 | 27 878 | 13.89% | 2.29% |
| AIG | 3 224 828 | 28 314 | 3 045 831 | 27 717 | 5.88% | 2.12% |
| Occidental | 3 124 815 | 27 436 | 2 812 086 | 25 590 | 11.12% | 2.05% |
| Kenindia | 2 580 576 | 22 657 | 2 470 756 | 22 484 | 4.44% | 1.69% |
| Fidelity Shield | 2 281 326 | 20 030 | 2 060 190 | 18 748 | 10.73% | 1.50% |
| The Kenyan Alliance | 1 937 874 | 17 015 | 2 136 881 | 19 446 | -9.31% | 1.27% |
| Kenya Orient | 1 684 630 | 14 791 | 1 444 111 | 13 141 | 16.66% | 1.11% |
| Pacis | 1 667 830 | 14 644 | 1 445 894 | 13 158 | 15.35% | 1.09% |
| Metropolitan Cannon | 1 590 938 | 13 968 | 1 130 829 | 10 290 | 40.69% | 1.04% |
| Intra-Africa | 1 544 171 | 13 558 | 1 105 381 | 10 059 | 39.70% | 1.01% |
| Pioneer | 1 403 556 | 12 323 | 883 817 | 8 043 | 58.81% | 0.92% |
| Tausi | 1 322 354 | 11 610 | 1 180 207 | 10 740 | 12.04% | 0.87% |
| The Monarch | 1 223 585 | 10 743 | 1 496 358 | 13 617 | -18.23% | 0.80% |
| Trident | 1 190 787 | 10 455 | 705 810 | 6 423 | 68.71% | 0.78% |
| Allianz | 1 150 690 | 10 103 | 929 346 | 8 457 | 23.82% | 0.75% |
| African Merchant | 1 008 357 | 8 853 | 1 069 483 | 9 732 | -5.72% | 0.66% |
| Takaful of Africa | 910 129 | 7 991 | - | - | - | 0.60% |
| Corporate | 667 264 | 5 859 | 932 958 | 8 490 | -28.48% | 0.44% |
| Saham | - | - | 2 035 610 | 18 524 | - | - |
| Total non-life | 152 350 983 | 1 337 642 | 130 836 420 | 1 190 611 | 16.44% | 100% |
(1) Growth rate in local currency
(2) Jubilee was split into two companies: Jubilee General Insurance Limited and Jubilee Health Insurance Limited
Composite companies appear in the life and non-life rankings
Exchange rate as at 31/12/2021: 1 KES = 0.00878 USD ; 31/12/2020: 1 KES = 0.00910 USD
Read also | Kenyan insurance market
