By Segun Elijah
Consolidated Insurance Plc, a subsidiary of Consolidated Hallmark Holdings, recorded 88 percent increase in its 2025 profit after tax (PAT), the highest in three years.
Its parent company recorded a 68 percent fall in the 2025 PAT, compared to the group’s profit the year before.
The company’s assets base grew by 32 percent to N8.4 billion in 2025 from N6.3 billion in 2024.
Its shareholders’ fund also jumped 32 percent to N7.6 billion, from N5.7 billion the year before. The group’s shareholders’ fund, however, rose 21 percent to N42 billion from about N35 billion in 2024.
Standing at N2.9 billion in 2025, the company’s profit after tax climbed 299 percent from N731 million in 2024, and 88 percent, compared to its N1.6 billion in 2023.
Investments income, at N1.2 billion, was among the activities that drove the company’s profit, rising by 142 percent to N4.5 billion in 2025 as against N1.8 billion in 2024.
A 68 percent drop in the group’s PAT to N8.4 billion, from N22.6 billion, and the fall in earnings per share from about 208Kobo to 78Kobo dampened the market.
The share traded between N4.90 and N5.01 in March.
The insurance company focusing on general insurance is among insurers which have met the N15 billion capital base National Insurance Commission (NAICOM) demands.
