Consolidated Hallmark Insurance Limited

Consolidated Hallmark Insurance Limited

Consolidated Hallmark Insurance Limited has reaffirmed its financial strength after meeting the new minimum capital requirement set by the National Insurance Commission under the ongoing insurance industry recapitalisation programme.

The company said the milestone reflects its strong financial position, prudent risk management, sound corporate governance and long-term commitment to policyholders, brokers, shareholders and other stakeholders.

According to the insurer, it ended the second quarter of 2026 with shareholders’ funds of N58bn, total assets of N89.9bn, insurance revenue of N23.1bn and profit before tax of N25.9bn. It also reported claims paid of N6.9bn and a solvency margin of N35.6bn as of December 2025, while maintaining a GCR credit rating of Stable-A.

The company said the financial performance reinforces its capacity to meet policy obligations, settle genuine claims promptly and underwrite larger and more complex risks across its portfolio.

Managing Director and Chief Executive Officer, Mary Adeyanju, described the successful recapitalisation as more than a regulatory achievement, saying it demonstrates the company’s financial resilience and disciplined governance.

She said the stronger capital base positions Consolidated Hallmark Insurance to underwrite bigger risks, expand its service capabilities and continue delivering prompt claims settlement and innovative insurance solutions.

“We appreciate the confidence of our policyholders, brokers, shareholders and regulators, and we remain committed to protecting lives, businesses and investments with excellence,” she said.

Executive Director, Finance, Katherine Itua, said meeting the new capital threshold reflects years of prudent financial stewardship, disciplined capital management and sustainable business growth.

According to her, the company’s strong liquidity, healthy solvency and sustainable profitability will enhance its underwriting capacity, strengthen stakeholder confidence and support long-term value creation.

Beyond its capital position, the insurer said it remains focused on prompt claims settlement, technology-driven service delivery, innovative insurance products, strong local and international reinsurance partnerships and compliance with regulatory and corporate governance standards.

The company also thanked its customers and brokers for their continued support, stating that it remains committed to honouring every policy with professionalism, integrity and financial strength.

With more than 35 years of operations, Consolidated Hallmark Insurance said it is well positioned to support Nigeria’s economic growth by providing stronger risk protection and sustainable value to stakeholders as the insurance industry enters a new phase driven by enhanced capitalisation.