Enterprise Group raises dividend by 30% following strong 2024 results
Enterprise Group Plc has proposed a 30% increase in its final dividend for the 2024 financial year, reflecting a robust performance across its core insurance, pension, and investment businesses. The Board will recommend a final dividend of ₵0.39 per share, up from ₵0.30 last year, at the upcoming Annual General Meeting.
Solid Financial Highlights
Profit After Tax: Grew by 18% to reach ₵75.4 million, driven by higher underwriting gains and investment income.
Gross Written Premiums: Increased 12% to ₵1.2 billion, led by strong demand in life and non‑life insurance lines.
Net Investment Income: Rose 20% to ₵98.6 million, as improved yields and asset‑management strategies boosted returns.
Assets Under Management: Expanded 15% to ₵4.5 billion, reflecting growth in the pension‑fund and asset‑management arms.
Group Managing Director Linda Asamoah attributed the results to disciplined risk management and strategic diversification. “We strengthened our balance sheet, optimized our investment portfolio, and deepened customer engagement across all markets,” she said.
Dividend and Payout Details
Record Date: July 10, 2025
Ex‑Dividend Date: July 8, 2025
Payment Date: July 31, 2025
The proposed final dividend, combined with the interim payout of ₵0.15 per share, brings the total dividend for 2024 to ₵0.54 per share—a 33% increase over 2023’s total distribution.
Outlook and Strategy
Enterprise Group plans to sustain growth by expanding digital service channels, pursuing selective overseas partnerships, and launching new products in health insurance and asset management. “Our focus remains on delivering value to shareholders while meeting evolving customer needs,” Ms. Asamoah added.
With a strengthened capital position and resilient earnings, Enterprise Group is well‑placed to navigate market challenges and capitalize on emerging opportunities in Ghana’s financial services sector.
By: Patrick Teye
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