Press Release: Consolidated Hallmark Insurance Reaffirms Financial Strength Following NAICOM Recapitalisation Exercise

Consolidated Hallmark Insurance Limited, a subsidiary of Consolidated Hallmark Holdings Plc has reaffirmed its position as one of Nigeria’s financially strong, resilient and dependable insurance companies after successfully meeting the National Insurance Commission’s (NAICOM) new minimum capital requirement under the industry’s recapitalisation programme.

The milestone underscores the company’s sound financial management, prudent risk practices, strong corporate governance and long-term commitment to delivering value to policyholders, brokers, shareholders and other stakeholders.

With over 35 years of delivering insurance solutions across Nigeria, Consolidated Hallmark Insurance has continued to strengthen its financial position and underwriting capacity, ensuring it remains well-equipped to meet customers’ evolving needs while supporting the growth and stability of the Nigerian insurance industry.

Today, Consolidated Hallmark Insurance stands on a solid financial foundation as at Q2, 2026 with Shareholders’ Fund of ₦58 Billion, Total Assets of ₦89.9 Billion, Insurance Revenue of ₦23.1 Billion, Profit Before Tax of ₦25.9 Billion, Claims Paid of ₦6.9 Billion, a Solvency Margin of ₦35.6 Billion as at December 2025, a GCR Credit Rating of Stable – A, and over 35 years of delivering reliable insurance solutions across Nigeria.

These performance indicators reinforce the company’s financial capacity to honour policy obligations, settle genuine claims promptly and continue underwriting complex risks across its diverse portfolio.

Speaking on the achievement, the Managing Director/Chief Executive Officer of Consolidated Hallmark Insurance Limited, Mary Adeyanju, described the successful recapitalisation as a reflection of the company’s disciplined strategy and enduring commitment to policyholders.

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

Also commenting on the development, the Executive Director, Finance, Katherine Itua, said the company’s robust financial position reflects years of prudent financial stewardship and sustainable business growth.

“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. This financial strength enhances our underwriting capacity, reinforces stakeholder confidence and enables us to continue creating lasting value while supporting the transformation of Nigeria’s insurance industry.”

Beyond its financial strength, Consolidated Hallmark Insurance continues to distinguish itself through prompt and transparent claims settlement, strong reinsurance partnerships with reputable local and international reinsurers, innovative insurance solutions for individuals and businesses, technology-driven service delivery, exceptional customer experience and unwavering compliance with regulatory and corporate governance standards.

The company expressed profound appreciation to its customers and brokers for their continued confidence and partnership over the years, noting that every policy entrusted to the organisation represents a promise that will continue to be honoured with professionalism, integrity and financial strength.

As the Nigerian insurance industry enters a stronger era driven by enhanced capitalisation, Consolidated Hallmark Insurance Limited remains strategically positioned to support economic growth, provide superior risk protection and deliver sustainable value to all stakeholders.

About Us:
Consolidated Hallmark Insurance Limited is one of the leading General Business and Special Risk Insurance underwriters in Nigeria. Over the years, the company has played a leadership role in the underwriting of key transactions in Aviation, Oil & Gas, Marine Cargo and Hull Business as well as in Motor insurance business. We have built a reputation on Professionalism, Integrity and Excellent Service Delivery. Leveraging on the capabilities and unique skills of the entire group, we provide premium risk management solutions to our clients. Our commitment to serving you better has seen us make key investments in our People, Technology and Processes.

For more information, visit www.ch-insure.com  

Media Contact:

Ajibola Liyide

Head, Brand & Communications

brandandcomms@chhplc.com