Sun Insurance pays $ 2.52 million as first interim dividend

Sun Insurance pays $ 2.52 million as first interim dividend

Sun Insurance Company Ltd is pleased to announce the declaration of its first interim dividend for the current financial year, amounting to $2.52 million, which corresponds to a payout of 2.10 cents per share. 

This dividend is in line with the company's strategic vision of providing consistent and reliable returns to its shareholders. In keeping with this commitment, the dividend will be paid out a few days before Christmas, ensuring shareholders receive their entitlements during the festive season.

For the financial year 2024, Sun Insurance 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 the Annual General Meeting (AGM). This cumulative dividend payout for the year totaled approximately $6.1 million, 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. The company recorded a robust pre-tax profit of $7 .0 million for the six months ending June 30, 2025. This marks a substantial increase compared to the pre-tax profit of $1.2 million during the same period in 2024,
indicating strong growth and operational efficiency.

Padam Lala, Chairman of Sun Insurance, commented on the company's performance, stating, "We are currently performing above expectations, which is very encouraging. 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 further emphasized that the company is on a clear growth trajectory, driven by expanding distribution channels and the launch of new innovative insurance products. He highlighted that the final two months of the year are typically the most active for the insurance industry, and Sun Insurance is well-positioned to capitalize on this period to generate significant business.

Additionally, the company's total assets remain stable at $131 million, providing a solid financial foundation for future growth and strategic investments. 

Sun Insurance remains committed to delivering value to its shareholders, maintaining financial stability, and expanding its market presence through innovative offerings and strengthened distribution networks.