The Chairman of Consolidated Hallmark Holdings Plc, Shuaib Idris, has declared that the group is fully prepared to navigate the structural adjustments triggered by the new insurance industry regulations.
“Consolidated Hallmark is strategically positioned to benefit from the transition due to our strong capital base, disciplined management, and diversified revenue structure,” Idris stated at the company’s third Annual General Meeting held in Lagos.
The chairman noted that the Nigerian Insurance Industry Reform Act 2025 would serve as a defining moment for the financial services sector.
“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,” he noted.
The holding company reported strong operational growth for the 2025 financial year, with insurance revenue rising 47 per cent to N43.27bn, up from N29.42bn in 2024. Following the impressive top-line growth, the Board proposed a final dividend of 15 kobo per share. Combined with the interim dividend of 10 kobo already paid, the total dividend for the financial year stood at 25 kobo per ordinary share, representing the highest payout in the company’s history.
