SIC Insurance PLC declares 10.22 pesewas dividend as 2025 profit surges to GH¢84m
SIC Insurance PLC has recorded a strong financial performance for the 2025 financial year, with profit after tax increasing by more than 57 percent to GH¢84.05 million, up from GH¢53.41 million in 2024.
SIC Insurance PLC has reported impressive financial results for the 2025 fiscal year, with profits after tax skyrocketing 57.3% to GH¢84.05 million, compared to GH¢53.41 million in the previous year. This surge in profitability is attributed to higher insurance revenue and improved investment income. Board Chairman Bernard Ahiafor highlighted the sustained confidence of policyholders in the SIC brand and the diversification of product offerings as key drivers of this growth.
The fire insurance sector remained the primary revenue generator, earning around GH¢209.54 million, followed by motor insurance at GH¢178.84 million. During the Annual General Meeting, shareholders unanimously approved a dividend of 10.22 pesewas per share, resulting in a total dividend payout of GH¢20 million.
Investment income also saw a notable increase, climbing from GH¢36.28 million in 2024 to GH¢46.77 million in 2025. This growth was driven by returns from fixed deposits, treasury bills, and bonds. By the end of 2025, the company's total assets were valued at GH¢1.53 billion, with shareholder equity reaching GH¢786.28 million. SIC's capital adequacy ratio stood impressively at 222.68 percent, significantly surpassing the regulatory minimum of 150 percent.
The company's financial statements indicate a continued expansion in its core insurance business and investment portfolio.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
