Shareholders of SIC Insurance PLC have approved a total dividend of GH¢20 million, representing GH¢0.1022 per share, for the 2025 financial year.
The dividend was approved at the company’s 19th Annual General Meeting (AGM) held in Accra, where shareholders participated both physically and virtually through the SIC Insurance AGM platform.
The approval comes after the insurer recorded strong financial results and significant improvements in profitability during the 2025 financial year.
SIC Insurance Records Strong Financial Performance
SIC Insurance PLC recorded insurance revenue of GH¢598.19 million in 2025, compared with GH¢559.48 million in the previous year.
Profit before tax increased by approximately 41.5%, rising from GH¢83.21 million in 2024 to GH¢117.74 million in 2025.
After accounting for tax and the Growth and Sustainability Levy, the company’s profit after tax rose to GH¢84.05 million, representing an increase of about 57.4% from GH¢53.41 million recorded a year earlier.
The company also strengthened its financial position, with shareholders’ funds increasing to GH¢786.28 million as of December 31, 2025, from GH¢670.38 million in 2024.
SIC Insurance Earnings Per Share Increase
The insurer’s basic earnings per share (EPS) improved significantly from GH¢0.2730 to GH¢0.4296.
Meanwhile, return on shareholders’ funds increased from 7.97% to 10.69%, highlighting the company’s improved profitability and stronger financial performance.
Board Chairman, Honourable Bernard Ahiafor, said the board and management remain focused on restoring SIC Insurance to a leading position in Ghana’s insurance industry.
He said the company’s ambition goes beyond financial performance and includes creating a lasting positive impact on policyholders, communities and the Ghanaian economy.
SIC Insurance Maintains Growth Momentum in 2026
The company’s positive performance has continued into 2026.
During the first half of the year, SIC Insurance recorded GH¢323.21 million in insurance revenue and GH¢31.35 million in net profit, indicating continued growth in its operations.
Managing Director James Agyenim-Boateng expressed confidence in the company’s future, stating that the best days of SIC Insurance PLC are still ahead.
SIC Insurance Dividend Payment Dates
Shareholders who qualify for the approved dividend should take note of the following key dates:
- Ex-dividend date: Thursday, September 10, 2026
- Record/qualifying date: Monday, September 14, 2026
- Dividend payment date: Monday, October 12, 2026
Investors who qualify based on the company’s shareholder register will receive their dividend payments on the scheduled payment date.
SIC Insurance Focuses on Long-Term Growth
SIC Insurance PLC said it remains committed to transforming its operations through improved operational efficiency, customer experience, product diversification and innovation.
The company is also focused on sustainable value creation for shareholders while strengthening relationships with customers, intermediaries, regulators, employees and other stakeholders.
The board and management expressed appreciation to shareholders for their continued confidence and support as the company works to strengthen its position in the Ghanaian insurance industry.
SIC Insurance continues to be guided by its longstanding principle: “Our Promises Are Sacred.”
Source: newsthemegh.com