Ranking of insurance companies in Uganda
Non-life insurance company in Uganda: ranking per 2022 turnover
Figures in thousands
| 2023 turnover | 2022 turnover (1) | 2022-2023 evolution (2) | 2023 shares | |||
|---|---|---|---|---|---|---|
| UGX | USD | UGX | USD | |||
| UAP General | 191 349 669 | 49 751 | 217 743 831 | 58 791 | -12.12% | 12.42% |
| Sanlam General | 108 449 664 | 28 197 | 100 494 430 | 27 133 | 7.92% | 7.04% |
| Jubilee Health | 89 800 492 | 23 348 | 81 427 873 | 21 985 | 10.28% | 5.83% |
| Jubilee Insurance | 88 064 974 | 22 897 | 92 739 190 | 25 040 | -5.04% | 5.72% |
| Britam | 80 181 955 | 20 847 | 73 273 164 | 19 784 | 9.43% | 5.20% |
| Goldstar | 39 630 534 | 10 304 | 32 285 352 | 8 717 | 22.75% | 2.57% |
| Liberty General | 39 442 200 | 10 255 | 32 024 085 | 8 646 | 23.16% | 2.56% |
| CIC General | 36 380 570 | 9 459 | 31 807 537 | 8 588 | 14.38% | 2.36% |
| ICEA General | 36 039 320 | 9 370 | 34 358 592 | 9 277 | 4.89% | 2.34% |
| Alliance | 33 100 369 | 8 606 | 30 443 145 | 8 220 | 8.73% | 2.15% |
| MUA Insurance | 32 583 319 | 8 472 | 28 128 778 | 7 595 | 15.84% | 2.11% |
| NIC General | 29 766 314 | 7 739 | 28 592 911 | 7 720 | 4.10% | 1.93% |
| APA | 27 541 332 | 7 161 | 24 814 386 | 6 700 | 10.99% | 1.79% |
| Mayfair | 24 011 931 | 6 243 | 17 427 521 | 4 705 | 37.78% | 1.56% |
| GA Insurance | 23 600 265 | 6 136 | 21 458 434 | 5 794 | 9.98% | 1.53% |
| Swico | 19 763 667 | 5 139 | 18 909 588 | 5 106 | 4.52% | 1.28% |
| Excel | 12 794 868 | 3 327 | 10 361 771 | 2 798 | 23.48% | 0.83% |
| TransAfrica | 9 244 292 | 2 403 | 7 340 790 | 1 982 | 25.93% | 0.60% |
| PAX | 8 387 534 | 2 181 | 7 952 736 | 2 147 | 5.47% | 0.54% |
| FICO | 3 686 133 | 958 | 4 949 857 | 1 336 | -25.53% | 0.24% |
| RIO (3) | 669 253 | 174 | 1 563 859 | 422 | -57.21% | 0.04% |
| Non-life total | 934 488 655 | 242 967 | 898 097 830 | 242 486 | 4.05% | 60.64% |
(1) Figures updated in 2022
(2) Growth rate in local currency
(3) In cessation of activity
Non-life insurance company in Uganda: ranking per 2022 turnover
Figures in thousands
| 2023 turnover | 2022 turnover (1) | 2022-2023 evolution (1) | 2023 turnover | |||
|---|---|---|---|---|---|---|
| UGX | USD | UGX | USD | |||
| Prudential Assurance | 154 682 520 | 40 217 | 115 603 450 | 31 213 | 33.80% | 10.04% |
| ICEA Life | 111 517 356 | 28 995 | 93 482 353 | 25 240 | 19.29% | 7.23% |
| UAP Life | 106 994 702 | 27 819 | 91 882 475 | 24 808 | 16.45% | 6.94% |
| Jubilee Life | 98 358 865 | 25 573 | 82 127 412 | 22 175 | 19.76% | 6.38% |
| Sanlam Life | 60 678 447 | 15 776 | 52 571 901 | 14 195 | 15.42% | 3.94% |
| Liberty Life | 57 276 729 | 14 892 | 50 115 830 | 13 531 | 14.29% | 3.72% |
| CIC Life | 15 603 022 | 4 057 | 13 360 491 | 3 607 | 16.78% | 1.01% |
| NIC Life | 1 523 754 | 396 | 2 478 411 | 669 | -38.52% | 0.10% |
| Life total | 606 635 395 | 157 725 | 501 622 323 | 135 438 | 20.93% | 39.36% |
(1) Figures updated in 2022
(2) Growth rate in local currency
Exchange rate as at 12/31/2023: 1 UGX = 0.00026 USD; as at 12/31/2022: 1 UGX = 0.00027 USD
Read also | Ugandan insurance market
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