Sovereign Trust reports 2025 claims of N6.05 billion in FY2025

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Vicole

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Mar 9, 2026
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Sovereign Trust Insurance Plc reported a full-year claims payout of N6.05 billion in 2025, up from N4.2 billion in 2024, reflecting increased policyholder activity.

According to the new Managing Director/CEO, Dr. Lucas Durojaiye, the company aims to reach additional segments of the Nigerian market.

Dr. Durojaiye succeeded Mr. Olaotan Soyinka, taking over leadership as the company enters its next phase.
He noted plans to expand the company’s reach and provide insurance services to more Nigerians nationwide.
 
Vicole said:
Sovereign Trust Insurance Plc reported a full-year claims payout of N6.05 billion in 2025, up from N4.2 billion in 2024, reflecting increased policyholder activity.

According to the new Managing Director/CEO, Dr. Lucas Durojaiye, the company aims to reach additional segments of the Nigerian market.

Dr. Durojaiye succeeded Mr. Olaotan Soyinka, taking over leadership as the company enters its next phase.
He noted plans to expand the company’s reach and provide insurance services to more Nigerians nationwide.
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We are looking forward to seeing their recapitalization plans
 
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