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Local insurance company, Clico, recorded a $567.66 million increase in its after-tax profits for the financial year ended December 31, 2025, which was mainly as a result of $340.59 million in income the insurer received from the settlement of the Clico Energy matter.
In its consolidated results for the 2025 financial year, Clico reported after-tax profits of $717.01 million, which was a 380 per cent increase in the $149.35 million the insurance company declared in 2024.
Clico recorded $495.44 million in 'other income' in 2025, which was an increase of more than 10 times the $42.27 million it received in 2024. That other income comprised the $340.59 million settlement of the Clico Energy matter and a $90 million write back of a provision for an insurance claim that was withdrawn.
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