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Consolidated Hallmark Insurance Grows Profit To N790m

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By Sola Alabadan

Consolidated Hallmark Insurance (CHI) Plc grew its profit before tax grew from N772.5 million in 2020 to N971.6 million in 2021, representing a growth of about 26 percent, while its profit after tax increased by 17 percent, from N677.9 million in 2020 to N790.6 million in 2021.
The Chairman of CHI, Obinna Ekezie, who announced this to the shareholders of the Insurance company at its 27th Annual General Meeting in Lagos on Tuesday, also informed that the gross premium income rose from N9.8 billion in 2020 to N10.5 billion in 2021, representing a 7.4 percent growth.
In keeping faith with the company’s promise to always delight its shareholders for their commitment and loyalty to the organisation, a dividend of N433.6 million was declared for the year ended 31st December, 2021. This translates to four kobo per share payable to all shareholders whose names appeared in the company’s register.
CHI had earlier paid N216.8 million interim dividend at two kobo per share and it intends to pay final dividend of N216.8 million amounting to 2 kobo per share as well, thereby, bringing the total dividend payment to N433.6 million.
In his address to the shareholders at the annual meeting, the Group Managing Director of CHI, Mr Eddie Efekoha said:
“Similarly, the Group’s total assets rose from N14.3bn in 2020 to N15.7bn in 2021, approximately 10 per cent growth.”
“The 2021 Financial Year was filled with a lot of hopes for us all, not just in the Insurance Industry and by extension the Financial Services Sector, but the entire economy”.
He added that, “It was a year which marked the near full reopening of the operations space for businesses to thrive, following the easing of the global lockdowns and restrictions that characterised the previous year 2020”..
“For us in Consolidated Hallmark Insurance Plc, our story is not different from that of the nation as the year whose operations we are reviewing during this 27th Annual General Meeting marks another positive outing for us in the various key financial indices
“Overview of our optimism for 2021 was bolstered by the projection of a 2.6 percent and 2.4 percent GDP growth for Nigeria by International Financial Institutions like the IMF and World Bank respectively, up from the 1.94 percent contraction in 2020”.
Efekoha emphasised that the company was able to achieve the feat due to measures it applied to cut cost, saying “I am glad to inform you that some prudent cost control measures we put in place helped us to attain an all-time high Profit Before Taxation of N971.7m in 2021”.

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The Advantages of Making Use Of Neteller for Online Casino Sites

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On the internet gambling establishments have actually come to be increasingly popular recently, giving a convenient and available way for gamers to appreciate their favored casino sit mobil online kaszinóe games from the comfort of their very own homes. With advancements in modern technology, on the internet casinos (more…)

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Best Online Gambling Enterprises that Approve Mastercard

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Mastercard is one of one of the most extensively approved repayment approaches at on-line gambling establishments all over the world. With its simple and protected purchases, many gamers prefer utilizing Mastercard for their on-line betting activities. In this article, we will present you to the best online gambling establishments that accept Mastercard (more…)

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IMT 2025 Edition Names Former McKinsey Partner As Speaker

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By Sola Alabadan

The fourth edition of Insurance Meets Tech (IMT), a conference focusing on the convergence of insurance and technology, is scheduled to hold on September 11 in Lagos.
With the theme, “Innovating for the New Trybe,” IMT 4.0 will convene stakeholders across the financial, tech, and creative ecosystems, redefining how insurance meets digital innovation, lifestyle, and Africa’s future economy. This year’s edition will once again deliver a powerful dual-experience format:
IMT 4.0, the flagship C-suite and policy-focused discourse
IMT Redefined 2.0, the youth-forward segment exploring the convergence of insurance, culture, and innovation.
The 2025 headline speaker is Per Lagerström, a global thought leader, an insurtech innovator, financial expert, and entrepreneur with over 30 years of experience across financial services, technology, FMCG, and strategy consulting. A former Partner at McKinsey & Company, he founded BehaviorTech, a groundbreaking field that merges behavioural science, AI, and innovation to deliver transformative outcomes for people, businesses, and society.
As CEO of Yellowspot, an Ireland-based venture studio, he leads the development of disruptive ventures focused on financial planning, education, longevity, and human-centred digital transformation. Known for navigating complexity with clarity, Per has advised boards and executives across Europe, Africa, and the Americas. His work is driven by an unrelenting passion for unlocking potential at the intersection of science, technology, and human insight.
Odion Aleobua, Convener of IMT and CEO of Modion Communications, expressed his delight ahead of the event. “We are incredibly honoured to welcome Per Lagerström to Lagos, Nigeria for IMT 4.0. His experience at the cutting edge of behaviour-tech research, an astute financial guru and huge insight into insurtech innovation align with the conversations we drive at this year’s conference. IMT is about the future of protection for a new generation, and we are convening voices and celebrating ideas that matter.”
IMT 4.0 will also continue to explore the role of predictive technology, embedded insurance, disruptive underwriting, and inclusive innovation. With engaging panels, immersive workshops, product demos, and youth-led showcases, the event promises actionable insights and bold ideas for building relevance in a shifting risk landscape.
Commenting, Per Lagerström stated, “Financial services are undergoing rapid and fundamental change, driven by AI inflection and BehaviorTech advances, blurring industry boundaries and shifting consumer behaviours. The result places incumbent business models under tremendous pressure and create unrivaled opportunities for growth and value creation. I am excited to join the year’s edition of IMT to unpack the forces at work and share my playbook for navigating these extraordinary times.”
IMT 4.0 proudly announces an early strategic partner powering this year’s event. CubeCover, one of Nigeria’s leading insurtech and microinsurance providers, comes aboard as a proud Gold Sponsor, racing ahead as early co-travelers for this year’s edition.
To register for IMT 2025, visit www.insurancemeetstech.com. For inquiries, contact Odion at +234 902 222 2226.
About Insurance Meets Tech (IMT)
The Insurance Meets Tech (IMT) Conference is one of West Africa’s leading platforms for exploring the future of insurance through the lens of technology, innovation, and culture.
In its fourth year, IMT offers a robust, multi-stakeholder, two-pronged experience featuring IMT 4.0, focused on C-suite insights, and IMT Redefined, a dynamic youth engagement segment inspired by innovation, lifestyle and creativity. IMT is curated by Modion Communications, one of Africa’s most celebrated young Public Relations consultancies.

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