Top Insurance Companies in Kenya by 2023 Turnover
Insurance is a vital financial tool that provides protection against unexpected events. In Kenya, the insurance industry plays an important role in safeguarding individuals and businesses from various risks.
Note: The data provided is based on 2023 turnover and may have slight variations compared to more recent figures.
Life Insurance Companies
| Rank | Company | 2023 Turnover (KES) | 2023 Turnover (USD) |
|---|---|---|---|
| 1 | Britam Life | 36,537,216 | 231,281 |
| 2 | ICEA Lion Life | 27,477,976 | 173,936 |
| 3 | Jubilee | 17,316,399 | 109,613 |
| 4 | Equity Life | 14,794,930 | 93,652 |
| 5 | Kenindia | 11,238,685 | 71,141 |
| 6 | CIC Life | 9,815,790 | 62,134 |
| 7 | ABSA Life | 7,232,541 | 45,782 |
| 8 | GA Life | 6,853,368 | 43,382 |
| 9 | Sanlam Life | 6,431,679 | 40,712 |
| 10 | Old Mutual Life | 5,805,206 | 36,747 |
Non-Life Insurance Companies
| Rank | Company | 2023 Turnover (KES) | 2023 Turnover (USD) |
|---|---|---|---|
| 1 | APA | 17,308,839 | 109,565 |
| 2 | Old Mutual General | 16,680,145 | 105,585 |
| 3 | CIC General | 16,009,182 | 101,338 |
| 4 | Britam General | 15,694,733 | 99,348 |
| 5 | GA | 15,557,597 | 98,480 |
| 6 | Jubilee Health | 11,811,950 | 74,770 |
| 7 | AAR | 9,558,333 | 60,504 |
| 8 | ICEA LION General | 8,721,389 | 55,206 |
| 9 | Madison | 8,292,489 | 52,491 |
| 10 | Heritage | 7,488,860 | 47,404 |
