Consolidated Hallmark Holdings Plc’s total assets rose by 47 per cent to N111.62bn as of September 2026, from N75.94bn at the end of December 2025, as the insurance group expanded its financial investments and strengthened its equity base.
Financial assets, the largest category of assets on its balance sheet, increased by 73 per cent to N79.29bn from N45.90bn, accounting for much of the N35.68bn growth in total assets during the nine-month period.
The company’s cash and cash equivalents also rose by five per cent to N7.72bn, while trade receivables increased by 30 per cent to N4.02bn.
However, reinsurance assets declined by 12 per cent to N9.59bn from N10.90bn, while finance lease receivables fell by 29 per cent to N1.71bn.
The expansion in assets was accompanied by a 71 per cent increase in shareholders’ funds to N72.23bn from N42.16bn.
Retained earnings rose by 90 per cent to N50.52bn, while contingency reserves increased by 66 per cent to N15.66bn. The company’s issued and paid-up share capital remained unchanged at N5.42bn.
On the liabilities side, total obligations increased by 17 per cent to N39.39bn from N33.79bn. Insurance contract liabilities rose by five per cent to N26.59bn, while borrowings declined by 25 per cent to N3.17bn.
The stronger balance sheet coincided with a sharp improvement in earnings. The group’s profit after tax surged by 503 per cent to N36.80bn in the nine months ended September 2026, from N6.10bn in the corresponding period of 2025.
Profit before tax rose by 454 per cent to N42.64bn, while net income increased to N42.67bn from N7.76bn.
Investment result climbed to N35.13bn from N4.61bn, while insurance service result increased by 146 per cent to N13.31bn from N5.40bn.
Earnings per share rose to 339.50 kobo from 56.31 kobo a year earlier.
The figures show that the group’s asset growth was driven largely by its expanding financial asset portfolio, while higher retained earnings contributed to the strengthening of its shareholders’ funds.