SIC Insurance PLC shareholders have approved a GHS 20 million dividend payment for the 2025 financial year. This translates to GHS 0.1022 per share. The approval occurred at the company's 19th Annual General Meeting (AGM) held in Accra.
This significant dividend follows a period of robust financial performance for the insurance firm. The company reported substantial growth across its key financial indicators. This strong showing underpinned the decision to reward shareholders.
The insurance sector plays a crucial role in Ghana's economic stability and financial resilience. SIC Insurance's performance highlights the growing importance of insurance products for both businesses and individuals. This growth contributes to the broader financial services landscape in Ghana.
Board Chairman, Bernard Ahiafor, addressed shareholders at the AGM. He reaffirmed the company's commitment to regaining industry leadership. Mr. Ahiafor emphasized making a positive impact on policyholders and the nation.
The dividend approval is a direct result of the company's impressive financial results. SIC Insurance's insurance revenue climbed to GHS 598.19 million in 2025. This figure is up from GHS 559.48 million in the previous year. This growth demonstrates strong policyholder trust and effective product diversification.
Profit before tax also saw a significant increase, reaching GHS 117.74 million. This represents a 41.5% rise from GHS 83.21 million recorded in 2024. After accounting for taxes and the Growth and Sustainability Levy, profit after tax stood at GHS 84.05 million. This marks a 57.4% growth compared to GHS 53.41 million in the prior year.
The company further strengthened its financial position, with total shareholders’ funds growing to GHS 786.28 million. This was as of December 31, 2025, up from GHS 670.38 million previously. This 11.3% increase showcases the company's focus on building a strong capital base. Such a base is vital for long-term stability and growth in the competitive insurance market.
Shareholders also benefited from improved earnings per share, which rose to GHS 0.4296. This is an increase from GHS 0.2730 in 2024. The return on shareholders’ funds also improved, reaching 10.69%. This compares favorably to 7.97% in the previous year. These metrics indicate enhanced value creation for investors.
The positive momentum has continued into the first half of 2026. SIC Insurance PLC recorded insurance revenue of GHS 323.21 million. Net profit for this period reached GHS 31.35 million. These figures suggest a sustained upward trajectory for the company.
The Ex-Dividend Date for the approved payment is Thursday, September 10, 2026. The Qualifying Date, also known as the Record Date, is Monday, September 14, 2026. Dividend payments will be disbursed to eligible shareholders on Monday, October 12, 2026. These dates are important for investors tracking their returns.
Managing Director, James Agyenim-Boateng, expressed optimism about the company's future. He highlighted ongoing efforts to strengthen operational efficiency. The company is also enhancing customer experience and expanding its product portfolio. These strategic initiatives aim to deliver sustainable value to all stakeholders.
The strong performance by SIC Insurance PLC signals confidence in Ghana's financial sector. It also reflects the resilience of local businesses amidst economic shifts. This positive development could encourage further investment in the insurance industry. It also provides a benchmark for other listed companies on the Ghana Stock Exchange.