Consolidated Hallmark Insurance Prepares for 2025 Reforms

Consolidated Hallmark Insurance Plc, under the leadership of Chairman Shuaib Idri, is poised for the upcoming Nigerian Insurance Industry Reform Act 2025, which is expected to enhance the financial services sector. During the company's third annual general meeting held in Lagos, Idri noted that the reform will strengthen industry capacity with higher capital thresholds and improved operational efficiency.

The company reported a 47% increase in insurance revenue for the 2025 financial year, rising from N29.42 billion in 2024 to N43.27 billion. The board proposed a final dividend of 15 kobo per share, combined with an interim dividend of 10 kobo already paid, totaling 25 kobo per ordinary share, marking the highest payout in the company's history.

Despite a decline in profit before tax from N22.65 billion in 2024 to N8.44 billion in 2025, the company’s balance sheet remains robust, with total assets expanding by 33% to N75.94 billion in 2025.