{"id":53818,"date":"2025-04-10T19:59:19","date_gmt":"2025-04-10T19:59:19","guid":{"rendered":"https:\/\/new.igihe.com\/prime-insurance-becomes-rwanda-s-most-profitable-non-life-insurer-with-rwf4-4\/"},"modified":"2025-04-10T21:19:52","modified_gmt":"2025-04-10T21:19:52","slug":"prime-insurance-becomes-rwanda-s-most-profitable-non-life-insurer-with-rwf4-4","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/prime-insurance-becomes-rwanda-s-most-profitable-non-life-insurer-with-rwf4-4\/","title":{"rendered":"Prime Insurance becomes Rwanda\u2019s most profitable non-life insurer with Rwf4.4 billion profit in 2024"},"content":{"rendered":"

The company\u2019s insurance service revenue rose by 13.8%, from Rwf19.6 billion in 2023 to Rwf22.3 billion in 2024, highlighting robust business expansion and growing market confidence.<\/p>\n

According to its [annual financial report->https:\/\/igihe.com\/serivisi\/gutangaza-amatangazo\/article\/prime-insurance-limited-annual-report-and-financial-statements-for-the-year-227098?var_mode=calcul], Prime Insurance recorded pre-tax earnings of Rwf6.2 billion and contributed Rwf1.8 billion in taxes, underlining its growing contribution to Rwanda\u2019s economic development.<\/p>\n

This strong performance stands out in an industry that collectively posted Rwf15 billion in profit after tax for the year. Prime Insurance paid Rwf6 billion in claims a testament to the company\u2019s solid commitment to meeting policyholder obligations.<\/p>\n

In just three years since entering the medical insurance segment, Prime Insurance has emerged as Rwanda\u2019s fourth-largest provider, underscoring its agility and competitive edge in new markets.<\/p>\n

Reflecting its strong financial footing, the Board of Directors has approved a dividend payout of Rwf500 million to shareholders a notable development and a testament to the company\u2019s leading position in the sector and its strong performance.<\/p>\n

The company\u2019s total assets also saw a substantial rise, growing from Rwf30 billion in 2023 to Rwf38 billion in 2024. This Rwf8 billion increase further reinforces Prime Insurance\u2019s sustained financial strength and market leadership.<\/p>\n

With these record-breaking results, Prime Insurance continues to redefine excellence in Rwanda\u2019s insurance industry, solidifying its dominance in general insurance while rapidly scaling up in the medical insurance space.<\/p>\n

\"Prime<\/figure>\n
\"The<\/figure>\n","protected":false},"excerpt":{"rendered":"

Prime Insurance Ltd has posted exceptional financial results for 2024, reporting an after-tax profit of Rwf4.4 billion up significantly from Rwf2.9 billion in 2023. This remarkable growth cements Prime Insurance\u2019s position as Rwanda\u2019s most profitable non-life insurer and the market leader in General Insurance.<\/p>\n","protected":false},"author":135,"featured_media":2000085397,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-53818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":{"id":2000085397,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/profile-547.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/profile-547.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/profile-547.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/profile-547.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/profile-547.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/profile-547.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/53818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/135"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=53818"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/53818\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000085397"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=53818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=53818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=53818"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=53818"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=53818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}