Consolidated Hallmark forecasts N515.7m Profit in Q3 2021
Consolidated Hallmark Insurance Plc one of the leading underwriters in Nigeria’s insurance sector has released its earnings forecast for the third quarter of 2021 to the Nigerian Exchange (NGX)l
The firm is projecting a profit after tax of N515.744 million an increase of 82.41% over N282734 million forecasted for the first quarter of 2020.
The insurance firm is also expecting growth in gross premium to N7.920 billion from N3.850 billion projected for Q1 2021.
It also projected that the cash/bank balance at the end of the period will grow to N4.694 billion from N2.747 billion and the beginning.
Consolidated Hallmark Insurance Plc emerged as one of the top ten General Business and Special Risk Insurance underwriters in Nigeria following the 2007 merger. In the last twelve years, the company has played a leadership role in the underwriting of key transactions in Aviation, Oil & Gas, Marine Cargo and Hull Business as well as in the Motor insurance business.
The firm has built a reputation on Professionalism, Integrity and Excellent Service Delivery. Leveraging on the capabilities and unique skills of the entire group, the firm provides premium risk management solutions to its teeming clients. Its commitment to serving her clients better has seen the company make key investments in her People, Technology and Processes. Consolidated Hallmark is the second insurance company in Nigeria to obtain the prestigious ISO 9001:2015 (Quality Management Systems Certification).
Consolidated Hallmark Insurance (CHI) Plc is a leading general business insurance company determined to change the way Nigerians see insurance. With the help of the people and technology, the firm ensures they don’t break peoples’ heart when they need them most because its primary objective is to deliver exceptional service to its customers.
