BY NKECHI BAECHE-ESEZOBOR—Consolidated Hallmark Holdings Plc, has reported a robust 47 per cent growth in insurance revenue for the 2025 financial year, alongside a record-breaking dividend payout, despite navigating severe capital market volatility that impacted its bottom line.
Speaking at the group’s 3rd Annual General Meeting (AGM) in Lagos, Group Chairman Shuaibu Idris disclosed that insurance revenue surged to N43.27 billion in 2025, up from N29.42 billion in the previous fiscal year.
The net insurance service result—reflecting performance after meeting claims, reinsurance obligations, and direct costs—rose sharply by 121 per cent to N6.85 billion, up from N3.10 billion in 2024.
Additionally, non-insurance operations picked up significant momentum, with operating and other non-insurance income jumping 61 per cent from N4.09 billion to N6.59 billion.
The group’s Profit Before Tax (PBT) declined to N8.44 billion from N22.65 billion in 2024. He attributed this drop entirely to a sharp decline in the mark-to-market valuation of the group’s capital market investments.
Cash and cash equivalents nearly doubled, climbing 96 per cent to N7.38 billion while financial assets grew 65 per cent to N45.90 billion.
Total assets expanded by 33 per cent to N75.94 billion, while shareholders’ funds marked a 21 per cent growth.
He noted that the fundamentals of the investment remained strong and hold better prospects for the future,” Idris stated, noting that consistency and diversity served as the group’s strength in a volatile year.
The group’s balance sheet remained highly liquid and well-capitalized:
Following its outstanding performance the board proposed a final dividend of 15 kobo per share. When combined with the 10 kobo interim dividend already distributed, CHH’s total dividend for the year stands at 25 kobo per share.
“This is the highest dividend that we have ever paid,” Idris told shareholders, expressing optimism about maintaining the growth trajectory.
Also, the Group Chief Executive Officer, Mr. Eddie Efekoha, who’s responding to shareholders questions, confirmed that the financial holding structure is perfectly insulated from recapitalization pressures.
“Our Group does not require additional capital to meet the new regulatory thresholds. We are not compelled to seek mergers or external funding, as our capital base remains strong and sufficient,” Efekoha asserted.
Efekoha noted that businesses and individuals are increasingly turning to dependable financial protection amid macro-economic uncertainties, and added that it achieved its resilience through disciplined underwriting, cost optimization, and rigorous operational processes across its subsidiaries.
