SIC Insurance Plc has announced a dividend of GH¢0.0511 per share for the 2023 financial year for shareholders.
Chairman of the Board, Dr Audu Rauf, disclosed this at the annual general meeting of the company held in Accra to provide a platform for shareholders to engage with the company’s leadership on its 2023 performance and future outlook.
Dr Rauf highlighted key financial achievements of the company during the period under the review, including profit after tax: of GH¢12,812,982, increase in insurance revenue 4.96 per cent, growth in net insurance result: 29.54 per cent, total group assets 27.15 per cent increase compared to 2022 and shareholders’ funds growth of 20.09 per cent
The Chairman emphasised the company’s commitment to leveraging cutting-edge technology to enhance customer experience, diversify products and services, strengthen partnerships, and empower employees for sustainability.
Dr Rauf also celebrated SIC’s compliance with International Financial Reporting Standards (IFRS17), which enhances transparency and operational efficiency.
He reiterated the company’s focus on innovation, customer-centricity, and strategic growth.
He then expressed his gratitude to the management and staff for their dedication amidst global geopolitical challenges and domestic economic pressures.
Acting Managing Director, Ms Hollistar Duah-Yentumi, in her address expressed appreciation for the unwavering support from shareholders, employees, and partners.
“As we move forward, we remain committed to innovation, customer-centric solutions, and driving meaningful impact. With your trust, SIC Insurance will achieve new heights, delivering growth and safeguarding your investments,” she stated.
Established in 1955, SIC Insurance remains a cornerstone of Ghana’s financial landscape, serving generations of Ghanaians.
While new market entrants have affected its market share, the company continues to be a viable and sustainable financial entity focused on reclaiming its leadership position.
Despite economic challenges, SIC remains committed to corporate social responsibility, investing in communities, supporting education, healthcare, and disaster relief efforts nationwide
