Enterprise Group records 21.7% revenue growth in first half 2026
Enterprise Group PLC recorded a strong financial performance in the first half of 2026, with total revenue increasing by 21.7 per cent year-on-year to GH¢443.7 million.
The strong financial performance was driven by revenue from its insurance, pension and property businesses, as well as investment income.
Speaking during its “Facts Behind the Figures” engagement with the Ghana Stock Exchange in Accra yesterday, the Chief Financial Officer (CFO) of Enterprise Group, Michael Tyson, said insurance revenue increased to GH¢900.7 million, from GH¢859.8 million in the corresponding period last year.
He explained that premiums received by the company were deployed into investment vehicles to generate returns and ensure that adequate funds were available to meet future claims and other obligations.
According to him, the Group generated GH¢239 million in investment income and remained on track to achieve its financial performance targets.
The CFO noted that profit for the period also rose by about 26 per cent to GH¢205 million, while earnings per share increased to GH¢0.810, compared with GH¢0.583 in the first half of 2025.
Mr Tyson stated that the company had spent GH¢2.5 million on the construction of a maternal and child care ward at the Sunyani Municipal Hospital.
He added that another GH¢2.5 million was being invested in the construction of a school block at Papao in Accra, with completion expected by the end of November.
The Chief Executive Officer of Enterprise Group, Daniel Larbi-Tieku, said the Group’s resilience had enabled it to overcome a relatively slow start to the year and improve its overall performance.
He said the business had recorded a positive year, supported by investments in new businesses, growth in new business lines and improved operational efficiency.
Mr Larbi-Tieku said the organisation had expanded its product portfolio with the introduction of a personal pension scheme and a retail health insurance product as part of efforts to meet the changing financial and healthcare needs of Ghanaians.
He explained that the new products were introduced to provide individuals and families with additional financial and health protection, particularly those who do not have access to employer-sponsored pension and health insurance schemes.
The Chief Executive encouraged Ghanaians to take advantage of the personal pension product, describing it as an additional source of income to support individuals during retirement.
He also called for greater awareness and uptake of home insurance, particularly following recent flooding incidents that affected several households.
BY PRINCE ADDO FRIMPONG
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