Consolidated Hallmark Insurance Plc released its audited full-year 2019 results after today’s trading hours.
Here are the highlights of the results:
Total Revenue surged to N6. 41 million in 2019 as against N5.73 million recorded in 2018, an increase of 12% year to year.
Cash and equivalents stood at N1.71 billion in 2019 as against N2. 94billion recorded in 2018 a decrease of 42% year to year.
Total assets rose to N11.74 billion in 2019 as against N10.82 billion recorded in 2018 an increase of 9% year to year.
(READ MORE: Standard Chartered has committed $1 billion to facilitate fight against Coronavirus)
Total liabilities stood at N5.12billion in 2019 as against N4.64 billion recorded in 2018 an increase of 10% year to year.
Profit before tax stood at N711.47 million in 2019 as against N534.43million in 2018, an increase of 33% year to year.
Profit after tax rose to N600, 314,590 million in 2019 as against N406, 710,743 million recorded in 2018 and increase of 48% year to year.
Consolidated Hallmark Insurance (CHI) Plc. is a leading general business insurance company determined to change the way Nigerians see insurance. With the help of our people and technology, we ensure we don’t break your heart when you need us most because our primary objective is to deliver exceptional service to you, our customer. We are here to reduce anxiety and cater to your needs. We have got you covered from motor insurance to gadget insurance, home insurance to business insurance and everything in between.
