Insurance Firm Pays N14bn Claims In 2025, Records N5.3bn In Q1 2026

Consolidated Hallmark Insurance Limited (CHI) has announced the payment of more than N5.3 billion in gross claims during the first quarter of 2026, after settling a total of N14 billion claims in the 2025 financial year.

The company said the claims paid in the first three months of 2026 covered a wide range of insurance products, including Motor Insurance, Fire Insurance, General Accident, Marine Insurance, Aviation, Oil and Gas, Engineering, Bond and Agricultural Insurance.

According to the insurer, the broad spread of claims underscores its underwriting capacity and continued support for businesses and individuals operating across critical sectors of the Nigerian economy.

The company also disclosed that it recorded reinsurance recoveries of N2.9 billion in the first quarter of 2026, compared to N6.8 billion achieved in the previous financial year, representing 41.4 per cent of the prior year’s figure.

Managing Director and Chief Executive Officer of the insurance firm, Mary Adeyanju, said the company remained committed to prompt and transparent settlement of all genuine claims.

“At Consolidated Hallmark Insurance, we recognise that the true value of insurance shines during the claims settlement process. Our ongoing efforts to enhance our claims management systems are aimed at providing our customers with timely support when they need it most,” she said.

Adeyanju noted that the insurer had continued to strengthen its operations through strategic investments in technology, personnel and service delivery systems to improve efficiency and customer experience.

“We believe in our commitment to pay every genuine and confirmed claim efficiently and transparently. Our customers are our partners, and we remain devoted to safeguarding their investments and futures with integrity and excellence,” she added.

She further stated that the company would continue to refine its systems and operations in response to the changing risk environment.

“As the risk landscape evolves, we are dedicated to continuously innovating and refining our systems to better serve our customers. Our goal is not just to provide insurance coverage, but also to offer assurance, stability and peace of mind to every policyholder,” Adeyanju said.

Meanwhile, Group Chief Executive Officer of Consolidated Hallmark Holdings, Eddie Efekoha, announced that the group would declare a final dividend of 15 kobo per share at its Annual General Meeting scheduled for May 21, 2026.

He explained that when combined with the 10 kobo interim dividend already paid in 2025, shareholders would receive a total dividend of 25 kobo per share for the period.

Efekoha said the dividend payment reflects the group’s commitment to rewarding shareholders and sustaining investor confidence.

Consolidated Hallmark Insurance remains one of Nigeria’s leading underwriters in General Business and Special Risk Insurance, with strong presence in Aviation, Oil and Gas, Marine Cargo and Hull, as well as Motor Insurance underwriting.