Consolidated Hallmark Insurance Plc has posted a net profit of N545.81 million as against N193.07 posted in 2014.
This was revealed in the underwriter’s financial reports released for the year ended 2015.
Immediate past Chairman of the company,Obi Ekezie, disclosed this at the firm’s Annual General Meeting (AGM) in Lagos last week.
According to him, the firm wrote a gross premium income of N6.03 billion within the year under review as against N4.61 billion in the previous year, while profit before tax stood at N704.91 million, as against N205.62 million and total assets stood at N7.02 billion as against N6.13 billion in 2014.
He stated that from the N545.81 million profit, the sum of N180 million will be paid as dividend at 3kobo per share to shareholders, adding that the company remains one of the regular dividend paying insurer, having paid N300 million in (2009:2008 accounts); N180 million (2011:2010); N120 million (2012:2011) and N180 million (2013:2012).