Consolidated Hallmark Insurance Plc has reported premium income of N6 billion in the financial year ended December 31, 2O15. The company also earned Profit After tax of N545 million in the same period of 2O15.
At the 21st Annual General Meeting [AGM] in Lagos, Mr. Eddie Efekoha, Managing Director/CEO of Consolidated Hallmark Insurance Plc, said the future prospect of the company is to look upwards by accelerating its growth projections to achieve its 5-Year Growth Plan rolled out recently.
“A strategic component of this Plan is to be the First Choice Provider of Insurance and Other Financial Services in Nigeria with a renewed mission to preserve wealth, reduce anxiety and create value. Implementation of the Plan has since commenced with the robust engagement of our clients through social media facilitated by the establishment of an e-channels desk.”
Efekoha added that Consolidated Hallmark Insurance has also established a retail unit with the aim of growing the business through the advantages inherent in the largely untapped volumes available from the mass market.
“The 2O15 financial year was one of the most eventful in the annals of this company from consolidation in 2oO7 as it marked the growth of income to an all time high of N6 billion. This is remarkable when we consider the N1.5 billion Gross Premium Income in 2OO7. Profitability also increased from N23O million to the N545 million recorded as Profit After tax for the year 2O15.It has been nine years of steady growth although not as fast as envisaged.”
Consolidated Hallmark Insurance Plc [CHI] is a general business and special risks insurance underwriting firm fully capitalized in line with statutory requirements of the industry regulatory body—the National Insurance Commission [NAICOM].
