Photo: Alvinategyeka, Wikimedia Commons, CC BY-SA 4.0Top insurance companies in Uganda (2025)
The IRA ranking by premium
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Get free quotesGeneral insurers ranked by premium (2025)
| # | Insurer | Premium (UGX million) | Market share | Loss ratio 2025 (%) | Policies |
|---|---|---|---|---|---|
| 1 | Sanlam Allianz | 209,466.7 | 20.90% | 36.5% | 32,353 |
| 2 | Old Mutual | 207,179.9 | 20.70% | 60.6% | 17,784 |
| 3 | Britam | 85,095.7 | 8.50% | 44.7% | 35,656 |
| 4 | ICEA Lion General | 61,050.6 | 6.10% | 38.1% | 23,950 |
| 5 | Goldstar | 53,192.2 | 5.30% | 84.4% | 4,145 |
| 6 | AAR | 49,227.5 | 4.90% | 61.4% | 515 |
| 7 | Liberty General | 45,333.9 | 4.50% | 50.5% | 5,028 |
| 8 | Alliance | 42,337.3 | 4.20% | 42.9% | 6,787 |
| 9 | GA Insurance | 40,034.5 | 4.00% | 46.0% | 29,941 |
| 10 | MUA Insurance | 37,378 | 3.70% | 59.8% | 6,123 |
| 11 | APA | 35,635.6 | 3.60% | 63.3% | 6,016 |
| 12 | Mayfair | 31,186 | 3.10% | 73.5% | 8,214 |
| 13 | NIC General | 30,328.6 | 3.00% | 18.9% | 3,327 |
| 14 | Swico | 20,394.9 | 2.00% | 22.6% | 36,460 |
| 15 | CIC General | 12,569.8 | 1.30% | 49.8% | 6,747 |
| 16 | PAX | 11,706.7 | 1.20% | 55.4% | 4,512 |
| 17 | TransAfrica | 11,645.5 | 1.20% | 40.5% | 4,750 |
| 18 | Excel | 10,700.5 | 1.10% | 22.4% | 102,277 |
| 19 | Mirai General | 7,071.1 | 0.70% | 11.8% | 127,300 |
Source: IRA Uganda — Industry Performance Q4 2025 (life and non-life workbook, Summary sheet). Figures converted from UGX thousands as printed. A claims ratio is claims relative to premium: very low can mean few claims paid, very high can mean losses; read it with the other columns.
Life insurers ranked by premium (2025)
| # | Insurer | Premium (UGX million) | Market share | Claims / loss ratio (as printed) |
|---|---|---|---|---|
| 1 | Jubilee Life | 253,827 | 25.90% | 87.7% |
| 2 | Prudential | 234,866.9 | 24.00% | 40.1% |
| 3 | ICEA Lion Life | 197,053.6 | 20.10% | 46.3% |
| 4 | Old Mutual Life | 115,707.6 | 11.80% | 55.4% |
| 5 | Liberty Life | 83,103 | 8.50% | 31.7% |
| 6 | Sanlam Life | 77,900.1 | 8.00% | 49.6% |
| 7 | CIC Life | 14,440.5 | 1.50% | 54.4% |
| 8 | NIC Life | 1,637.1 | 0.20% | 0.0% |
| 9 | Britam Life | 1,192.2 | 0.10% | 1.3% |
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Frequently asked questions
What are the top 10 insurance companies in Uganda?
By general insurance premium in 2025 (IRA Uganda): 1. Sanlam Allianz, 2. Old Mutual, 3. Britam, 4. ICEA Lion General, 5. Goldstar, 6. AAR, 7. Liberty General, 8. Alliance, 9. GA Insurance, 10. MUA Insurance. In life insurance: Jubilee Life, Prudential, ICEA Lion Life, Old Mutual Life, Liberty Life.
What is the biggest insurance company in Uganda?
By general insurance premium in 2025: Sanlam Allianz, with UGX 209,466.7 million. In life insurance: Jubilee Life.