Consolidated Hallmark Insurance Meets Capital Requirement

Consolidated Hallmark Insurance Limited has confirmed its financial strength by meeting the new minimum capital requirement established by the National Insurance Commission as part of the ongoing insurance industry recapitalisation programme. The company reported shareholders’ funds of N58 billion, total assets of N89.9 billion, insurance revenue of N23.1 billion, and a profit before tax of N25.9 billion for the second quarter of 2026.

As of December 2025, it paid claims amounting to N6.9 billion and maintained a solvency margin of N35.6 billion, along with a GCR credit rating of Stable-A. Managing Director and Chief Executive Officer Mary Adeyanju stated that the recapitalisation reflects the company’s financial resilience and governance.

Executive Director, Finance, Katherine Itua, noted that the achievement demonstrates prudent financial stewardship and sustainable growth. The company aims to enhance its underwriting capacity and continue delivering innovative insurance solutions while maintaining strong local and international reinsurance partnerships.