CHH ready for NIIRA 2025 reforms — Chairman

Consolidated Hallmark Holdings Plc is fully prepared to adapt to the upcoming Nigerian Insurance Industry Reform Act 2025, Chairman Shuaib Idris announced. He stated the group is strategically positioned to benefit from the transition due to its strong capital base, disciplined management, and diversified revenue streams.

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Consolidated Hallmark is strategically positioned to benefit from the transition due to our strong capital base, disciplined management, and diversified revenue structure.

Idris described the reform as a defining moment for the financial services sector, expecting it to enhance industry capacity through higher capital requirements, stronger governance, and improved efficiency. "We see this not as a regulatory hurdle but as an opportunity to scale our operations, deepen retail insurance expansion, and roll out technology-driven products to capture underserved markets," he noted.

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The reform will strengthen industry capacity through higher capital thresholds, stronger governance requirements, and improved operational efficiency. We see this not as a regulatory hurdle but as an opportunity to scale our operations, deepen retail insurance expansion, and roll out technology-driven products to capture underserved markets.

The company reported significant growth for the 2025 financial year, with insurance revenue climbing 47% to N43.27 billion. This performance prompted the Board to propose a total dividend of 25 kobo per share, the highest in the company's history. "This is the highest dividend that we have ever paid, and our aspiration is that with your support, we can continue on this growth trajectory into the future," Idris told shareholders.

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This is the highest dividend that we have ever paid, and our aspiration is that with your support, we can continue on this growth trajectory into the future.

While net insurance service results surged 121% to N6.85 billion, profit before tax saw a decline from N22.65 billion to N8.44 billion. Idris attributed this drop primarily to the mark-to-market valuation of capital market investments, reassuring stakeholders that the underlying investment fundamentals remain strong. The company's balance sheet remains robust, with cash and cash equivalents rising 96% and financial assets increasing 65%.

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The fundamentals of the investment remain strong and hold better prospects for the future. The paper variations in market pricing do not diminish the intrinsic health of our underlying assets.