Underwriting firm, Consolidated Hallmark Insurance (CHI) plc has recorded a gross premium written income of N4.61 billion in the financial year ended December 31, 2014, an increase of 11.08 percent from N4.15 billion in 2013.
This resulted to a profit before tax of N205.6 billion in the review year as against a negative position of N178.2 million in the previous year, while the profit after tax also grew remarkably from a loss position of N197.7 million in 2013 to N193 million in the review year.
The Chairman of the company, Obi Ralph Ekezie who will be speaking to shareholders during it’s 20th Annual General Meeting (AGM) slated to hold in Lagos Thursday 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.
