Consolidated Hallmark's H1 2026 Profit Jumps to N25.28 Billion

Consolidated Hallmark Holdings Plc announced a remarkable profit surge for the first half of 2026, with profit after tax reaching N25.28 billion, a significant increase from N1.16 billion in the same period of 2025, marking a 2,083% rise. Profit before tax also saw a substantial increase to N27.10 billion from N1.76 billion, while net income rose to N27.12 billion from N1.89 billion.

The impressive earnings growth was primarily attributed to the group's investment results, which soared to N27.33 billion from N1.23 billion in the previous year, bolstered by N24.01 billion in net fair value gains on financial assets, compared to a loss of N2.15 billion a year earlier. Interest income increased to N3.30 billion from N2.23 billion.

Conversely, the insurance service result fell by 19.9% to N2.61 billion from N3.26 billion in H1 2025, despite insurance revenue rising to N25.04 billion from N22.93 billion, impacted by increased net expenses from reinsurance contracts.