Nigeria’s Insurance Assets Surge to N4.619 Trillion as Industry Shows Resilience
Nigeria’s insurance sector has reached a historic milestone, with total assets soaring to N4.619 trillion by the end of Q2 2025, marking a 25.3% year-on-year growth. Analysts say this surge reflects the industry’s resilience amid macroeconomic pressures and highlights its strategic expansion across investments and underwriting capacities.
According to the Central Bank of Nigeria (CBN), the sector’s growth was fueled by increased premium inflows and a focus on both tangible and intangible assets. Compared to Q1 2025, total assets rose N454 billion, a 10.9% quarter-on-quarter increase, signaling a robust upward trajectory for insurers in Nigeria’s financial ecosystem.
The sector’s liabilities followed a similar trend, also reaching N4.619 trillion, maintaining a balance between obligations and asset growth. Experts note that this financial stability not only strengthens the insurance industry’s role in the economy but also enhances investor confidence and long-term sustainability.
Regulatory compliance is another driving force behind the sector’s momentum. Insurers are actively preparing to meet NAICOM’s revised capital requirements, with 18 companies already flagged for verification ahead of the July 30, 2026, deadline. NAICOM CEO Olusegun Omosehin described the response as encouraging, emphasizing transparency and credibility in the industry’s recapitalisation efforts.
With record-breaking growth and a clear roadmap for regulatory compliance, Nigeria’s insurance industry is positioning itself for a stronger future. The sector’s focus on technology adoption, portfolio diversification, and disciplined investment strategies underscores its commitment to resilience, innovation, and sustainable contribution to the national economy.
source: The sun