SanlamAllianz Nigeria has paid out a massive ₦65.02 billion in insurance claims in 2025, reinforcing its reputation as a dependable safety net for individuals and businesses despite Nigeria’s tough economic climate.
The payout spans both its subsidiaries—SanlamAllianz Life Insurance and SanlamAllianz General Insurance—highlighting the company’s strong financial footing and commitment to honoring policyholder claims.
According to Chris Ekwonwa, Group Head of Strategy, Marketing and Customer Relations, the performance reflects the company’s resilience and reliability even as macroeconomic pressures continue to affect the insurance sector.
Life Insurance Arm Drives Growth
The Life Insurance division recorded ₦57.06 billion in claims in 2025, up 11.8% from ₦51.04 billion in 2024. The increase was largely driven by inflation and rising medical-related claims across the industry.
Yet, demand for life coverage soared. Gross Written Premium surged 33.7% to ₦81.39 billion, up from ₦60.86 billion a year earlier.
CEO Tunde Mimiko said the figures show growing trust in the company’s offerings.
“Even in a difficult economic year, we honoured our commitments quickly and responsibly,” he said. “The strong premium growth reflects rising confidence in our solutions and our mission to help families and businesses live with confidence.”
General Insurance Claims Jump Nearly 48%
The General Insurance arm also saw a sharp rise in payouts, settling ₦20.9 billion in claims in 2025, a 47.6% increase from ₦13.97 billion in 2024.
Meanwhile, Gross Written Premium reached ₦47.05 billion, signaling steady expansion across corporate and retail markets.
CEO Jacqueline Agweh said the results demonstrate the company’s operational strength.
“The real test of an insurer is its ability to settle claims efficiently and transparently,” she noted. “Our performance shows strong financial resilience and our commitment to protecting customers against uncertainty.”
Global Strength Behind the Brand
SanlamAllianz Nigeria operates under a strategic partnership between Sanlam—Africa’s largest non-banking financial services group—and Allianz, one of the world’s leading insurers.
The joint venture combines global insurance expertise with deep African market knowledge, positioning the company as a major risk partner for businesses and households across Nigeria.
