By Rosemary Iwunze

Consolidated Hallmark Holdings Plc has grown its insurance revenue by 47 per cent to N43.27 billion in year 2025 from N29.42 billion recorded in the previous year.

Chairman of the company, Shuaib Idris, who disclosed this at the company’s annual general meeting in Lagos, also stated that the net insurance service result increased by 121 per cent to N6.85 billion in 2025 from N3.10 billion in 2024.

The company also paid dividend of 15 kobo to shareholders.

The Chairman said: “In 2025, the Group demonstrated commendable resilience in the face of macroeconomic headwinds. While the external environment posed challenges, our financial performance reflected stability, discipline, and a clear strategic direction.

“We recorded growth across key financial indicators, supported by improved underwriting results, prudent risk management, and enhanced operational efficiency. Our balance sheet remained robust, providing the foundation required to navigate uncertainty while pursuing new opportunities.

“We shall be presenting a dividend payment of 15kobo per share which when added to the interim dividend of 10kobo paid in 2025 brings the total dividend to 25kobo. This is the highest dividend that we had ever paid, and our aspiration is that with your support we can continue in this growth trajectory into the future.

“The Group achieved a 61% growth in its operating and other none-insurance income, from N4.09 billion in 2024 to N6.59 billion in 2025. There was a sharp drop in the mark to market valuation of its capital market investments from N16.21 billion to N2.9 billion. This is largely an accounting treatment. The fundamental of the investment remained strong and holds better prospects for the future.

“The insurance revenue generated in the period grew by 47%, from N29.42 billion to N43.27 bilion. After meeting its claims, reinsurance obligations and other direct costs, the net insurance service result was a 121% growth, from N3.10 billion in 2024 to N6.85 billion in 2025.

“The Group profit before tax for 2025 dropped from N22.65 billion in 2024 to N8.44 billion in 2025. This as earlier mentioned above is as a result of the sharp drop in the mark to market accounting valuation of the Groups capital market investments held.

“On the financial position side, the Group maintained a healthy balance sheet and quality assets mix. Cash and cash equivalents (a measure of liquidity), rose by 96%, from N3.76 billion in 2024 to NN7.38 billion in 2025. Similarly, the financial assets grew from N27.88 billion in 2024 to N45.90 billion in 2025 (65% growth). Total assets of the Group increased by 33% from N56.95 billion in 2024 to N75.94 billion in 2025.

“The shareholders fund also recorded a 21% growth in the period, from N56.95 billion in 2024 to N75.94 billion in 2025. In all, the year 2025 was successful. It is important to emphasise that beyond the figures lies a deeper narrative: one of consistency. In a year where volatility was the norm, consistency and diversity became our strength.”