General insurance service provider Sun Insurance Company Ltd has declared a 2.10 cents per share in its first interim dividend for the 2025 financial year and total payout of $2.52 million.
The dividend will be paid out a few days before Christmas to ensure shareholders receive their entitlements during the festive season.
“We are currently performing above expectations, which is very encouraging,” Sun Insurance chairman Padam Lala said.
“However, we are also experiencing a higher-than-average volume of fire claims in the normal course of business, which we are actively managing,” he said.
This dividend is in line with the company’s strategic vision of providing consistent and reliable returns to its shareholders.
He said the company was on a clear growth trajectory, driven by expanding distribution channels and the launch of new innovative insurance products.
Mr Lala said the final two months of the year were typically the most active for the insurance industry, “and Sun Insurance is well-positioned to capitalise on this period to generate significant business”.
In the 2024 financial year, the company paid an initial interim dividend of 2.08 cents per share, followed by an additional 3.0 cents per share as the second interim dividend prior to its AGM.
Mr Lala said this cumulative dividend payout for the year totalled approximately $1.2m, reflecting the company’s steady commitment to rewarding its shareholders.
“Looking at the first half of the current financial year, Sun Insurance has demonstrated impressive financial performance.”
It recorded a pre-tax profit of $7.0m for the six months ending June 30, 2025 – an increased over the pre-tax profit of $1.2m during the same period in 2024, which he said indicated strong growth and operational efficiency.
The publicly-listed company’s total assets remain stable at $131m, “providing a solid financial foundation for future growth and strategic investments”.
Mr Lala said they remained committed to delivering value to its shareholders, maintaining financial stability, and expanding its market presence through innovative offerings and strengthened distribution networks.
