Consolidated Hallmark Holdings Plc has reported strong operational growth for the 2025 financial year, with its insurance revenue rising 47 per cent to N43.27bn, just as the company proposed its highest dividend payout since inception.
Speaking at the company’s 3rd Annual General Meeting held on Thursday in Lagos, the Chairman, Shuaib Idris, said the group demonstrated resilience despite Nigeria’s challenging economic environment, which was marked by inflationary pressures, exchange rate volatility, and high borrowing costs.
According to the company’s audited financial statements, insurance revenue increased from N29.42bn in 2024 to N43.27bn in 2025, while the net insurance service result surged 121 per cent from N3.10bn to N6.85bn after claims, reinsurance obligations, and other direct costs were settled.
The group also recorded a 61 per cent rise in operating and non-insurance income, growing from N4.09bn in 2024 to N6.59bn in 2025.
Despite the strong operational performance, profit before tax declined from N22.65bn in 2024 to N8.44bn in 2025 due to a sharp drop in the mark-to-market valuation of the group’s capital market investments.
Idris explained that the decline was largely an accounting treatment rather than a reflection of weak investment fundamentals, saying, “The fundamentals of the investment remained strong and hold better prospects for the future.”
The company’s balance sheet remained robust during the period under review. Cash and cash equivalents rose 96 per cent from N3.76bn in 2024 to N7.38bn in 2025, while financial assets increased 65 per cent from N27.88bn to N45.90bn. Total assets also expanded 33 per cent to N75.94bn in 2025, while shareholders’ funds grew 21 per cent. On shareholder returns, the board proposed a final dividend of 15 kobo per share. Combined with the interim dividend of 10 kobo already paid in 2025, the total dividend for the financial year stands at 25 kobo per ordinary share, representing the highest dividend payout in the company’s history.
Idris said the board adopted a balanced approach that rewards shareholders while retaining sufficient capital for expansion and future growth opportunities.
“This is the highest dividend that we have ever paid, and our aspiration is that with your support, we can continue in this growth trajectory into the future,” he stated.
The chairman also highlighted the expected impact of the Nigerian Insurance Industry Reform Act 2025, describing it as a defining moment for the sector. According to him, the reform will strengthen industry capacity through higher capital thresholds, stronger governance requirements, and improved operational efficiency. He noted that Consolidated Hallmark Holdings was strategically positioned to benefit from the transition due to its strong capital base, disciplined management, and diversified revenue structure.
Looking ahead, the company said it would continue focusing on retail insurance expansion, technology-driven operations, and the development of differentiated products to deepen market penetration.
The AGM also considered the re-election of directors, approval of auditors’ remuneration, and the election of members of the statutory audit committee as part of its ordinary and special business agenda.
