Consolidated Hallmark Clears Recapitalisation Hurdle

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.