NKECHI NAECHE-ESEZOBOR--Nigeria’s top insurer Consolidated Hallmark Insurance Plc, has released its earnings forecast for the first quarter 2021 with profit after tax of 282,733,871 million from N209.5 million achieved in same period of 2020; representing 34.9 % increase.
The company in a notice to the Nigerian Stock Exchange (NSE) said cash/bank balance at the end of the period is expected to grow from N2,747,448,664 in same period of 2020 to N3,460,563,189 in 2021.
The notice added that investment income is projected to increase by 25.26% to N281.1 million.
Gross premium written is projected to grow from N3.11 billion to N3.85 billion of Q1 2021.
The company further projected a net premium income growth 31.3 % to N2.39 billion in 2021.
