Magazine date:
Feb 2022 Life insurance companies in Kenya
Figures in thousands
| 2020 turnover | 2019 turnover | 2019-2020 evolution (1) | 2020 sahres | |||
|---|---|---|---|---|---|---|
| In KES | In USD | In KES | In USD | |||
Britam Life | 23 326 320 | 212 270 | 23 941 687 | 234 150 | -2.57% | 22.84% |
ICEA Lion Life | 14 820 301 | 134 865 | 13 040 900 | 127 540 | 13.64% | 14.51% |
Jubilee Insurance | 13 313 829 | 121 156 | 14 133 786 | 138 228 | -5.80% | 13.04% |
Kenindia | 7 372 207 | 67 087 | 5 612 172 | 54 887 | 31.36% | 7.22% |
Sanlam Life | 5 910 436 | 53 785 | 4 579 718 | 44 790 | 29.06% | 5.79% |
CIC Life | 5 908 970 | 53 772 | 6 072 127 | 59 385 | -2.69% | 5.79% |
Liberty Life | 5 069 693 | 46 134 | 5 064 690 | 49 533 | 0.10% | 4.96% |
Pioneer | 4 119 744 | 37 490 | 5 479 485 | 53 589 | -24.82% | 4.03% |
Madison | 3 971 901 | 36 144 | 3 683 018 | 36 020 | 7.84% | 3.89% |
GA Life Assurance | 3 449 048 | 31 386 | 2 924 019 | 28 597 | 17.96% | 3.38% |
ABSA Life Assurance (2) | 3 275 273 | 29 805 | 2 375 712 | 23 235 | 37.86% | 3.21% |
Old Mutual | 2 211 260 | 20 122 | 2 163 140 | 21 156 | 2.22% | 2.17% |
UAP Life | 1 786 005 | 16 253 | 2 399 629 | 23 468 | -25.57% | 1.75% |
APA Life Assurance | 1 749 599 | 15 921 | 1 517 723 | 14 843 | 15.28% | 1.71% |
Kenya Orient Life | 1 133 397 | 10 314 | 697 941 | 6 826 | 62.39% | 1.11% |
Geminia | 1 003 320 | 9 130 | 996 557 | 9 746 | 0.68% | 0.98% |
The Kenyan Alliance | 959 688 | 8 733 | 788 631 | 7 713 | 21.69% | 0.94% |
KUSCCO Mutual | 791 773 | 7 205 | 449 632 | 4 397 | 76.09% | 0.77% |
Prudential Life | 777 476 | 7 075 | 638 775 | 6 247 | 21.71% | 0.76% |
Capex Life | 394 360 | 3 589 | 310 511 | 3 037 | 27.00% | 0.39% |
Metropolitan Cannon | 336 539 | 3 063 | - | - | - | 0.33% |
Corporate | 275 752 | 2 509 | 294 319 | 2 878 | -6.31% | 0.27% |
The Monarch | 130 733 | 1 190 | 71 307 | 697 | 83.34% | 0.13% |
Saham | 28 832 | 262 | 58 235 | 570 | -50.49% | 0.03% |
First Assurance | - | - | 93 236 | 912 | - | - |
Takaful Insurance of Africa | - | - | 8 560 | 84 | - | - |
Total vie | 102 116 456 | 929 260 | 97 395 510 | 952 528 | 4.85% | 100% |
(1) Growth rate in local currency (2) Ex. Barclays Life
Exchange rate as at 31/12/2020 : 1 KES = 0.00910 USD ; at 31/12/2019 : 1 KES = 0.00978 USD
Non life insurance companies in Kenya
Figures in thousands| 2020 turnover | 2019 turnover | 2019-2020 evolution (1) | 2020 sahres | |||
|---|---|---|---|---|---|---|
| In KES | In USD | In KES | In USD | |||
UAP Insurance | 10 605 343 | 96 509 | 9 278 624 | 90 745 | 14.30% | 8.11% |
CIC General | 10 196 750 | 92 790 | 10 536 834 | 103 050 | -3.23% | 7.79% |
APA Insurance | 9 508 815 | 86 530 | 9 337 232 | 91 318 | 1.84% | 7.27% |
Jubilee Health (2) | 8 336 809 | 75 865 | 7 884 054 | 77 106 | 5.74% | 6.37% |
Britam | 8 253 939 | 75 111 | 8 208 739 | 80 282 | 0.55% | 6.31% |
GA Insurance | 7 840 648 | 71 350 | 6 520 029 | 63 766 | 20.25% | 5.99% |
ICEA Lion General | 6 057 393 | 55 122 | 5 783 450 | 56 562 | 4.74% | 4.63% |
Heritage | 5 765 206 | 52 463 | 5 562 586 | 54 402 | 3.64% | 4.41% |
AAR Insurance | 5 683 964 | 51 724 | 5 861 920 | 57 330 | -3.04% | 4.34% |
Geminia | 5 157 207 | 46 931 | 4 871 078 | 47 639 | 5.87% | 3.94% |
Resolution | 4 287 042 | 39 012 | 5 357 625 | 52 398 | -19.98% | 3.28% |
Madison | 4 228 696 | 38 481 | 4 202 334 | 41 099 | 0.63% | 3.23% |
First Assurance | 4 144 458 | 37 715 | 3 596 967 | 35 178 | 15.22% | 3.17% |
Sanlam | 4 066 095 | 37 001 | 2 859 045 | 27 962 | 42.22% | 3.11% |
Mayfair | 3 300 416 | 30 034 | 2 891 392 | 28 278 | 14.15% | 2.52% |
Jubilee General (2) | 3 063 523 | 27 878 | 4 293 340 | 41 989 | -28.64% | 2.34% |
AIG | 3 045 831 | 27 717 | 3 530 310 | 34 526 | -13.72% | 2.33% |
Occidental | 2 812 086 | 25 590 | 2 810 253 | 27 484 | 0.07% | 2.15% |
Directline | 2 626 423 | 23 900 | 3 353 253 | 32 795 | -21.68% | 2.01% |
Kenindia | 2 470 756 | 22 484 | 2 423 362 | 23 701 | 1.96% | 1.89% |
The Kenyan Alliance | 2 136 881 | 19 446 | 1 634 568 | 15 986 | 30.73% | 1.63% |
Fidelity Shield | 2 060 190 | 18 748 | 2 406 861 | 23 539 | -14.40% | 1.58% |
Saham | 2 035 610 | 18 524 | 2 195 213 | 21 469 | -7.27% | 1.56% |
The Monarch | 1 496 358 | 13 617 | 1 265 080 | 12 372 | 18.28% | 1.14% |
Pacis | 1 445 894 | 13 158 | 1 480 965 | 14 484 | -2.37% | 1.11% |
Kenya Orient | 1 444 111 | 13 141 | 1 293 472 | 12 650 | 11.65% | 1.10% |
Tausi | 1 180 207 | 10 740 | 1 191 812 | 11 656 | -0.97% | 0.90% |
Metropolitan Cannon | 1 130 829 | 10 290 | 884 760 | 8 653 | 27.81% | 0.86% |
Intra Africa | 1 105 381 | 10 059 | 1 201 248 | 11 748 | -7.98% | 0.84% |
African Merchant AMACO | 1 069 483 | 9 732 | 1 474 182 | 14 418 | -27.45% | 0.82% |
Corporate | 932 958 | 8 490 | 490 739 | 4 799 | 90.11% | 0.71% |
Allianz | 929 346 | 8 457 | 910 744 | 8 907 | 2.04% | 0.71% |
Pioneer | 883 817 | 8 043 | 847 497 | 8 289 | 4.29% | 0.68% |
MUA | 828 145 | 7 536 | 709 649 | 6 940 | 16.70% | 0.63% |
Trident | 705 810 | 6 423 | 653 680 | 6 393 | 7.97% | 0.54% |
Xplico | - | - | 1 440 828 | 14 091 | - | - |
Takaful | - | - | 1 272 336 | 12 443 | - | - |
Total non vie | 130 836 420 | 1 190 611 | 130 516 061 | 1 276 447 | 0.25% | 100% |
(1) Growth rate in local currency
(2) Jubilee was split into "Jubilee General Insurance Limited" and "Jubilee Health Insurance Limited."
Read also | Kenyan insurance market [4]
