Consolidated Hallmark Insurance Plc – NAIRAMETRICS| COMPANY EARNINGS

CHI Plc to hold Annual General Meeting on 2nd of September

9 August 20219 August 2021 Chidi Emenike Leave a comment

The Board of Consolidated Hallmark Insurance Plc has announced that it will be hosting its 26th Annual General Meeting on the 2nd of September, 2021.

According to a notice signed by the company’s secretary, Rukevwe Falana, and sent to the Nigerian Exchange Limited (NGX), the meeting will hold at Four Points by Sheraton, Victoria Island-Lagos, by 11:00am prompt.

In light of this, the following issues will be discussed;

The audited financial statement for the year ended December 31, 2020, and the report of its Directors, auditor, and the audit committee.
Board appointments will also be considered and ratified.
To fix remuneration of managers and Directors in FY 2021.
To elect shareholders’ representatives of the statutory audit committee.

For more details about the AGM, click HERE.

CHI Plc approves interim dividend worth N214.09 million for 2021 half year.

5 August 20215 August 2021 Chidi Emenike Leave a comment

The Board of Consolidated Hallmark Insurance Plc has approved the payment of an interim dividend of N214.09 million representing 2 kobo per share on all the outstanding 10,704,500,000 shares of the company for the period ended June 30, 2021.

According to a notice signed by the company’s secretary, Rukevwe Falana and filed with the Nigerian Exchange Group Limited (NGX), the dividends will be paid on the 2nd of September, 2021, to all qualified shareholders whose names appear on the Register of Members as at close of business on Friday, August 13, 2021.

Confirming the recent development, a part of the notice filed with the Exchange read: ‘’ An interim dividend of 2Kobo per ordinary share of 50Kobo subject to appropriate withholding tax will be paid to shareholders whose names appear in the Register of Members as at the close of business on Friday, August 13, 2021’’

To fast track the process, the company also announced that it will close the register of its shareholders from 16th of August to 20th of August, 2021.

To effectively participate in the recent corporate action, shareholders are to fulfill the following requirements;

Shareholders must have completed e-dividend registration.
Shareholders must have authorized the company’s registrar (Meristem Registrars and Probate Services Limited) to pay the dividends directly into the respective shareholder’s bank account.

What you should know:

CHI Plc had earlier reported a profit after tax of N436.5 million for the half year period ended June 30, 2021, indicating an increase of about 47.7% YoY. Earnings per share also printed at 5.4 kobo during the period under review
CHI Plc is currently trading on the floor of the NGX at 59 kobo/share.

2021 Half Year Results: CHI Plc grows profit by 48% to N436.5 million.

1 August 20211 August 2021 Chidi Emenike Leave a comment

Consolidated Hallmark Insurance Plc released its unaudited financial results for the period ended June 30, 2021.

Gross premium written for the period was N6.09 billion. (+14.1% YoY)
Net premium income of N3.3 billion. (+13.45% YoY)
Claims incurred totalled N1.03 billion. (+3.6% YoY)
An underwriting profit of N1.28 billion was recorded. (+15.6% YoY)
Profit after tax for the period was N436.5 million. (+47.7% YoY)
Earnings per share of 5.37kobo Vs 3.34 kobo YoY

See link to results.

CHI Plc projects profit after tax of N515.7 million in Q3 2021.

10 June 202110 June 2021 Chidi Emenike Leave a comment

Consolidated Hallmark Insurance Plc released its earnings forecasts for the third quarter of the year (Q3, 2021).

Net premium was projected at N4.91 billion
Net claims projection of N2.03 billion
Net operating income was projected at N3.46 billion.
Underwriting and management expenses projections of N1.53 billion.
Tax projection of N110.79 million
Profit after tax was projected at N515.7 million.

See link to results.

Ngozi Nkem retires as Non-Executive Director of Consolidated Hallmark Insurance Plc.

25 May 202125 May 2021 Chidi Emenike Leave a comment

The Board of Consolidated Hallmark Insurance Plc has notified shareholders and the investing public, of the retirement of one of its Non-Executive Directors, Mrs Ngozi Nkem from her position after many years of meritorious service.

This is according to a notification signed by the Company’s Secretary, Rukevwe Falana and sent to the Nigerian Exchange Group Plc.

According to the notice, the retirement decision was duly considered and ratified at the Board of Directors’ meeting of the company, held on 28th of April, 2021. The disclosure is in line with the Corporate Governance Code and Guidelines of the National Insurance Commission (NAICOM).

About the retiree

Ngozi Nkem is an experienced banker with many years of experience. She is an alumna of Abia State University, where she obtained a BSc. degree in Banking and Finance.

Mrs Nkem currently manages Zopon Nigeria and also sits in the board of three other firms- Transglobe Securities Nigeria Limited, Binez Hotel Limited and Abia State Hotels Limited.