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    Consolidated Hallmark Insurance reports FY pre-tax profit 368.1 mln naira

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    Bola Macaulayhttps://naija247news.com
    Bola Macaulay is a freelance journalist based in Ibadan Oyo State. She is a graduate of Univesity of Ibadan and she's married with kids

    Consolidated Hallmark Insurance Plc has reports FY 2016 net premium earned 3.51 billion naira versus 3.19 billion naira year ago

    * FY 2016 profit before tax & exceptional items 368.1 million naira versus 704.9 million naira year ago

    * Proposed dividend of 2 kobo per share Source text for Eikon: Further company
    Market Summary
    Name Consolidated Hallmark Insurance Plc
    2016 2015

    Gross Written Premium 5,826,950,292 6,039,451,539
    Gross Premium Earned 5,708,277,060 5,875,522,094

    Net Premium Earned 3,508,281,773 3,189,789,051
    Net Claims Paid 1,387,143,712 958,013,626

    Management Expenses 1,340,451,352 1,168,001,089
    Underwriting Profit 1,068,527,508 1,369,752,603

    Profit Bbefore Tax & Exceptional Items 368,133,127 704,911,959
    Profit after Tax 194,987,843 545,811,078
    Basic Eps 3.25 9.10

    Proposed Dividend per Share 2Kobo

     

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