Leadway Assurance – Top50 Brands 2025
Leadway Assurance Company Limited
Year of Establishment | Founded in 1970, began operations in 1971 |
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Headquarters | 121/123 Funsho Williams Avenue, Surulere, Lagos; Registered Office in Kaduna |
MD / CEO | Gboyega Lesi, Acting Managing Director |
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Number of Branches / Presence | Over 24 branch offices across Nigeria |
Areas of Interest (Business Segments) | General and life insurance: commercial & personal property/casualty, travel, motor, marine, aviation, oil & gas; plus related services |
Countries of Operation | Primarily Nigeria; subsidiaries in Côte d’Ivoire (Leadway Assurance Vie and Leadway IARD) |
Annual Turnover | Around ₦38.5 billion (2023) representing a 13.5% increase |
Number of Employees | Approximately 331 employees |
Marketing Budget | Not publicly disclosed |
Contact Address (HQ) | 121/123 Funsho Williams Avenue, Surulere, Lagos; Registered in Kaduna |
Flagship Offering | Known for claims leadership, composite underwriting strength, and “Burden Carrier” positioning |
Best Known As | One of Nigeria’s largest and most trusted indigenous insurance firms, known for claims payments and underwriting excellence |
Leadway Assurance Company Limited is one of Nigeria’s most reputable and trusted insurance providers, known for its comprehensive range of life and general insurance products that protect individuals, businesses, and institutions. Established in 1970, Leadway Assurance has built a legacy of reliability, professionalism, and innovation, consistently delivering solutions that meet the evolving needs of the Nigerian market.
The company’s portfolio spans life insurance, health insurance, motor insurance, property insurance, marine insurance, group life, pensions, and investment-linked products, offering tailored solutions to a wide array of clients. Its flagship products, including Leadway Life Assurance, Leadway Health, Leadway Motor, and Leadway Pension Plans, are recognized for their robust coverage, affordability, and client-focused design. These products provide financial security, mitigate risks, and support long-term planning for households and businesses across Nigeria.
Leadway aligns its operations with international best practices and ISO-certified processes, ensuring high levels of transparency, operational efficiency, and customer satisfaction. This commitment to governance and risk management has earned the trust of clients and stakeholders alike.
Economically, Leadway Assurance contributes significantly to employment, capital market development, and financial inclusion, providing jobs for hundreds of Nigerians while mobilizing premiums that are strategically invested to support economic growth. Its group life and pension products play a vital role in securing retirement benefits and enhancing employee welfare, demonstrating the company’s commitment to societal and economic development.
The company is also deeply committed to corporate social responsibility (CSR) and sustainability, implementing programs focused on education, health, youth empowerment, environmental conservation, and community development. Through scholarship programs, health outreach initiatives, and skill acquisition projects, Leadway Assurance positively impacts communities and fosters socio-economic growth.
Over the years, Leadway Assurance has received multiple awards and recognitions, including accolades for Best Insurance Company, Customer Service Excellence, Life Insurance Leadership, and Corporate Governance.
Through its diverse insurance solutions, adherence to international standards, innovative digital services, and commitment to community empowerment, Leadway Assurance Company Limited remains not just a leading insurance provider in Nigeria but a catalyst for financial security, economic growth, and sustainable development.
