By Dipo Olowookere
Chairman of Consolidated Hallmark Insurance Plc, Mr Obinna Ekezie, has assured shareholders of the company they will continue to be rewarded for their faith in the leading insurer in the country.
Mr Ekezie gave this assurance during the firm’s Annual General Meeting (AGM) held last Tuesday at the MUSON Centre in Lagos.
According to him, shareholders deserve to be rewarded through regular payment of dividend, promising at the meeting that, “We shall continue to live up this expectation as we have done in the past.”
The Chairman expressed optimism about the future of the company, saying the successful completion of the final phase of the capital it raised, full deployment of funds realised and the eventual emergence of the company as one of the top players in the financial service sector would benefit its shareholders in the long run.
Also speaking at the AGM, CEO of the company, Mr Eddie Efekoha, said claims settlement worth N3.4 billion was paid in 2017.
He said last year, the gross premium written stood at N5.6 billion, with the net underwriting income of standing at N4 billion and the investment income increasing to N796.2 million.
Mr Efekoha said as at December 2017, the total assets of Consolidated Hallmark Insurance stood at N9.5 billion, while the profit before tax appreciated to N641 million, and the profit after tax going up to N406.2 million.
Business Post reports that at the AGM, shareholders of Consolidated Hallmark Insurance Plc approved the payment of N140 million dividend proposed by the board of the company, representing 2 kobo per share.
The shareholders also commended the board and management of the insurance firm, charging them to do more tin the 2018 financial year.
