SIC Insurance Company Limited announced a GH¢20 million dividend at its 19th Annual General Meeting. This payout represents a 100% increase from the GH¢10 million distributed annually over the previous two years.
The company’s profit after tax surged 57.3% to GH¢84.05 million in 2025. Growth in insurance revenue and higher investment income drove this financial performance.
Board Chairman Bernard Ahiafor attributed the dividend increase to enhanced profitability and a stronger financial position. The National Insurance Commission approved the move, confirming it will not impact the company's financial stability.
Management reaffirmed its commitment to regaining the top position in Ghana’s insurance market. The company expressed optimism for further dividend increases in the coming year.