Consolidated Hallmark Gross Premium Written Up By 22% To N12.826 In 2022
L-R: Group Managing Director/CEO, Eddie Efekoha; Chairman Obinna Ekezie and Company Secretary Rukevwe Falana, at the 28th Annual General Meeting of Consolidated Hallmark Insurance Plc held recently at MUSON Centre, Lagos.
The Consolidated Hallmark Insurance (CHI) Plc has announced a 22 percent growth in its Gross Premium Written (GPW) from N10,500,388,477 in 2021 to N12,826,865,218 in full year 2022.
The underwriting firm also disclosed that the total assets of the company was not left out in the impressive performance, at the total assets is now N18,540,741,526 when compared with the N15,674,166,226 of 2021.
Addressing shareholders at the firm’s 28th Annual General Meeting (AGM) in Lagos recently, the Chairman of CHI Plc, Obinna Ekezie said during the 2022 financial year, the company once again braved all odds in the operating environment and posted improved results in its top and bottom lines.
He said that the company also maintained its unbroken profitability streak by growing profit before taxation to N 1,407,704,796 from the N971,674,800 of 2021, while total profit attributable to shareholders has attained a billion-naira mark, having hit N1,017,432,947 from N923,095,723 in 2021.
Also speaking, the Group Managing Director, Eddie Efekoha, said the financial year 2022, was a remarkable one for Consolidated Hallmark Insurance Plc as it marked the 15th anniversary of the journey embarked upon in 2007.
He noted that it also was the beginning of another journey for the transformation of the company into a financial powerhouse for the transaction of insurance and other financial services under one formidable umbrella.
“We have truly progressed in that journey, having received your unwavering support and unanimous approval to embark on all necessary processes.
“There is cheering news by colleagues on the Board having, once again, to the best of our abilities, carried out the assignment you gave us – to grow your investments in this going concern. I am therefore pleased to inform you that year 2022, as the results now before you show, was another good outing for us.
“We may not have achieved the very impressive outing we all continually craved for, but our modest growth in key financial indicators is a good way to bid the quoted insurance stock farewell and welcome the Holding Company whose formal birth shall be announced soon,” he added.
