Listed insurance provider FijiCare Insurance Limited has paid out $2.54million in total dividend payout to its shareholders for the 2025 financial year.
The only listed insurance company on the South Pacific Stock Exchange (SPX) had declared a final dividend of $0.295 per share, representing an 18.0 per cent increase from the $0.25 per share that was declared in 2024.
In 2024, the company had paid out $2.15m.
FijiCare Insurance executive director Avi Raju said the dividend declaration reflected the board’s confidence in the company’s financial strength, capital position, and long-term growth outlook.
The FijiCare Group had also recorded a net profit after tax of $9.30m for the 2025 financial year, compared to $6.33m in 2024.
It also maintained a strong solvency position well above regulatory requirements.
The company’s post-dividend solvency ration improved to 1.97 times, compared to 1.74 times in 2024, demonstrating enhanced capital resilience and financial stability. “The declaration of an increased dividend reflects FijiCare’s strong capital position, prudent financial management, and confidence in the long-term sustainability of the business,” Mr Raju said in the company’s market announcement released by the SPX.
“While operating conditions remain dynamic, the company continues to maintain strong solvency levels, disciplined underwriting practices, and a resilient balance sheet.
“We remain focused on delivering sustainable value to our shareholders while continuing to invest in operational improvements, technology, and customer service initiatives.”
Mr Raju said they remained optimistic about future growth prospects, supported by a strong balance sheet, stable capital reserves, and continued focus on operational; efficiency and market expansion. He said the board also remained committed to maintaining a balanced approach between shareholder returns and long-term capital sustainability.
