Consolidated Hallmark Reports 65% Profit Decline in 2025

Consolidated Hallmark Insurance Plc reported a sharp 65% decline in profit for the full year, amounting to ₦8.44 billion, compared to ₦22.63 billion in the previous year. This decline was primarily driven by a significant drop in investment income, which accounted for the bulk of the group's earnings in the prior year.

The company's investment results slumped to ₦8.4 billion from ₦23.83 billion in 2024, reflecting the adverse effects of market conditions on investment returns. Despite this downturn, the core insurance business showed improvement, with insurance revenue rising by 47% to ₦43.27 billion.

However, the increase in insurance service expenses, which rose by 51% to ₦32.5 billion, and elevated reinsurance costs of ₦3.9 billion, along with rising operational expenses of ₦5.13 billion, pressured overall profitability. The group's balance sheet remains strong, with total assets increasing by 33% to ₦75.9 billion.

The board has recommended a final dividend of 15 kobo per share.