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| Ekezie |
Chuks Udo Okonta
Consolidated Hallmark Insurance Plc said it
posted a premium income of N4.67 billion in 2014 compared to the N4.15 billion
recorded in 2013.
The company recorded an underwriting profit of
N863.2 million compared to N1.05 billion recorded in 2013.
Profit Before Tax (PBT) jumped from a loss
situation of N181.1 million in 2013 to N205.6 million in 2014 while profit
after tax also grew from a negative position of N200.5 million in 2013 to a
profit of N193 million in 2014.
The Company’s Chairman, Obi Ekezie, said the
results have placed the company again on the path of profitability, a trend
which was only broken briefly during the 2013 financial year when significant
provision was made for impairment charges.
He maintained that the temporary setback
witnessed by the firm has been reversed with these results, stressing that
the unaudited financial statements of the company for the half year ended June
30, 2015 is indicative of the improved health in its finances.
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