Consolidated Hallmark Insurance grows profit by 26% in 2021
He said that the company generated a Gross Premium Written (GPW) of N10.5 billion in the year under review as against N9.8 billion in 2020, an increase of 7.4 per cent.
“Despite the prevailing economic environment, investment income grew from N940 million to N1.2 billion in 2021.
“The financial year under review was again another success story by your company, despite the persisting challenges in the operating environment,” he said.
Ekezie said that the underwriting firm declared a final dividend of N433.6 million during the period under review which translated to four kobo per share.
“We had earlier paid N216.8 million interim dividend at two kobo per share and expected to pay final dividend of N216.8 million amounting to two kobo per share as well, thereby, bringing the total dividend payment to N433.6 million.
“The dividend payment is in a bid to reward our teeming shareholders for their commitment and loyalty,” he added.