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

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.

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.

CHI Plc post profit after tax of N291.45 million in Q1 2021.

Consolidated Hallmark Insurance Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net premium income for the period was N2.25 billion. (+24.05% YoY)
  • Total claims paid during the period was N915.08 million (+76.3% YoY)
  • Underwriting profit was N918.2 million. (+16.4 YoY)
  • Profit after tax was N291.45 million. (+39.1% YoY)
  • Earnings per share of 4 kobo Vs 3 kobo

See link to results.

CHI Plc projects N484 million profit for Q2 2021.

Consolidated Hallmark Insurance Plc has released its earnings forecasts for the second quarter of 2021.

  • Net premium income is projected at N4.09 billion.
  • Net claims is projected at N1.64 billion.
  • Underwriting expenses is projected at N1.27 billion.
  • Profit before tax is projected at N577 million.
  • Tax is projected at N93.32 million.
  • Profit after tax is projected at N484.69 million.

See link to forecasts.