Leading insurance companies in Africa by revenue 2020-2021
In 2021, the leading insurance company in Africa in terms of revenue was Sanlam. Sanlam is a financial services group headquartered in Cape Town, South Africa. In addition to insurance, Sanlam also provides investment, financial planning, and retirement advice. The revenue of Sanlam from insurance operations amounted to around 6.5 billion U.S. dollars or 107.57 billion South African rand - a slight decrease compared to the previous year. The top three ranking is completed by Old Mutual and Liberty Group, both based in South Africa.