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

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