Insurance World

Consolidated Hallmark Expects Profit Growth Of N515.7m In Q3 2021

BY NKECHI NAECHE-ESEZOBOR–Consolidated Hallmark Insurance Plc at the weekend released its earnings forecast for the third quarter 2021 with gross premium expected to appreciate to N7.920 billion from N3.850 billion projected for Q1 2021.

The insurer also forecast cash/bank balance to rise to N4.694 billion in Q3 from N2.747 billion in Q1 2021.

The insurer in a notice to the Nigerian Exchange (NGX) said profit after tax is expected to grow by 82.42% to N515.744 million , representing 82.41% growth over N282734 million  projected for first quarter 2021.

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