SIC Insurance PLC has posted a GHS 84.05 million Profit for the financial year ended December 31, 2025, reflecting a significant improvement in the insurer’s financial performance.
The Financial Statement also revealed that the Group recorded Insurance Revenue of GHS 598.19 million in 2025, up from the GHS 559.48 million recorded in 2024. After accounting for Insurance Service Expenses of GHS 156.81 million, the Insurance Service Result before reinsurance also stood at GHS 441.38 million.
It also added that the Investment Income came in at GHS 46.77 million while the Net Insurance and Investment Result stood at GHS 287.64 million, compared to GHS 277.01 million recorded in 2024.
Profit Before Tax for the Group also stood at GHS 117.74 million. After income tax of GHS 27.74 million and a Growth and Sustainability Levy of GHS 5.95 million, the Group recorded a Profit for the Year of GHS 84.05 million, compared to GHS 53.41 million in 2024, a notable year-on-year improvement.
The Balance Sheet of the Insurance Company also revealed that its Total Assets grew to GHS 1.27 billion from the GHS 1.12 billion recorded in the year 2024.Total Liabilities also stood at at GHS 479.34 million compared to GHS 445.35 million in the prior year.
SIC Insurance PLC is one of Ghana’s oldest and largest non-life insurance companies, holding a dominant share of the country’s general insurance market.
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