From Left: Mr Eddie Efekoha,Group Managing Director,Mr Obinna Ekezie,Chairman and Mrs Rukevwe Falana,Company Secretary,all of Consolidated Hallmark Insurance @ the 26th Annual General Meeting of the Company in Lagos.


By Ngozi Onyeakusi—Shareholders of Consolidated Hallmark Insurance Plc has approved  N216.8 million interim dividend for the financial year ended 31st December, 2020.
This is payable to all investors of the firm whose names appeared in the company register, and this translates to two kobo per ordinary share of 50 kobo.
Addressing shareholders at the firms 26th Annual General Meeting held today in Lagos, the Chairman CHI, Obinna Ekezie stated, ” In line with our desire to continually ensure appreciable returns to our shareholders, t h e B o a r d  o f  D i r e c t o r s  w i s h e s  t o  recommend an interim dividend of N216.8 million for your consideration and approval. This translates to two kobo per ordinary share of 50 kobo subject to appropriate withholding tax. We remain committed towards regular dividend”, said.
Speaking on the firms financial, Ekezie stated that despite challenges in 2020 financial year,
CHI recorded an impressive performance as its
Gross Premium Written soared to  N9.77 billion representing a 12% growth when

compared with the N8.69 billion reported in the comparable period of 2019.

“I am delighted to inform you, as the results

being presented today indicate, that despite the limitations on the economy during the financial year 2020, your company is once again reporting a positive result. The summary of our key gures shows that we generated an all-time high Gross Premium Written of N9.77 billion which represents a 12% growth when

compared with the N8.69 billion reported in the same period of 2019. The Net U n d e r w r i t i n g  I n c o m e  g r e w  f r o m N5.46billion in 2019 to N6.5billion in 2020.
Claims expenses jumped by 21% from N3.45billion in 2019 to N 4.17billion in 2020,
an affirmation of our commitment to
cont i nu a l ly  ma i n t a i n  our  s t e r l i n g
reputation of ensuring that customers get
value through prompt payment of all valid
claims. We also recorded a modest growth of 8.6% in Profit Before Tax which moved from
N711million during the preceding year to
N772 million in 2020, while Profit After Tax
increased to N677.98 million from N600.31
million in 2019.
Total Assets increased by 22%, growing
from N11.74 billion to N14.31 billion in the
year under review”, he said.
Similarly, speaking on claims payment, the Managing Director of the firm, Eddie Efekoha stated, Yo u r  C o m p a ny  i s  c o n t i nu a l ly committed towards meeting its claims obligations to our numerous

customers. Claims expenses increased
from N3.44 billion in 2019 to N4.17
billion in 2020, a 21% jump.
I am pleased to inform you that we
regularly settle all fully documented
c l a i m s  a h e a d  o f  t h e  de a d l i n e
stipulated by the Regulators”, he assured