By Olusegun Obisanya
Consolidated Hallmark Insurance Limited has announced that it has successfully met the National Insurance Commission’s new minimum capital requirement under the insurance industry’s recapitalisation programme, reinforcing its financial strength and readiness to underwrite bigger risks.
In a signed release by the Head, Brand & Communications, Consolidated Hallmark Holdings Plc, Ajibola Liyide said the achievement reflects its sound financial management, prudent risk practices, strong corporate governance and commitment to creating long-term value for policyholders, shareholders, brokers and other stakeholders.
According to the him, the insurer’s financial position remained robust as of the second quarter of 2026, with shareholders’ funds of ₦58bn, total assets of ₦89.9bn, insurance revenue of ₦23.1bn and profit before tax of ₦25.9bn.
The statement also disclosed that the company paid ₦6.9bn in claims, maintained a solvency margin of ₦35.6bn as of December 2025 and retained a stable ‘A’ credit rating from GCR.
Speaking on the development, the Managing Director/Chief Executive Officer, Mary Adeyanju, described the successful recapitalisation as a significant milestone that demonstrates the company’s financial resilience and commitment to customers.
She said, “Successfully meeting NAICOM’s recapitalisation requirement is far more than a regulatory milestone. It is a strong affirmation of our financial resilience, disciplined governance and unwavering commitment to those who place their trust in us.
“As the insurance landscape evolves, Consolidated Hallmark Insurance remains exceptionally positioned to underwrite larger risks, deepen our service capabilities and continue delivering prompt claims settlement, innovative insurance solutions and superior value to our customers and business partners.”
Adeyanju expressed appreciation to policyholders, brokers, shareholders and regulators for their confidence in the company, adding that the insurer would continue to protect lives, businesses and investments through quality service delivery.
Also commenting, the Executive Director, Finance, Katherine Itua, said the successful attainment of the new capital threshold reflected years of prudent financial stewardship and disciplined capital management.
“Our successful attainment of the new capital threshold demonstrates the strength of our balance sheet, disciplined capital management and sound financial planning. We have deliberately built a resilient institution with strong liquidity, healthy solvency and sustainable profitability that positions us for long-term growth,” she said.
She added that the company’s strengthened financial position would enhance its underwriting capacity, reinforce stakeholder confidence and support the ongoing transformation of Nigeria’s insurance industry.
The insurer stated that beyond its financial performance, it remains focused on prompt claims settlement, technology-driven service delivery, innovative insurance products and strong reinsurance partnerships with reputable local and international reinsurers.
It also thanked its customers and insurance brokers for their continued support, noting that it would continue to honour every policy with professionalism, integrity and financial strength.
Consolidated Hallmark Insurance, a subsidiary of Consolidated Hallmark Holdings Plc, which has operated in Nigeria for more than 35 years, is a general business and special risks insurer with operations spanning aviation, oil and gas, marine, motor and other classes of insurance.
