Finance

CHI pays shareholders N325m dividend

CHI pays shareholders N325m dividend

Shareholders of Consolidated Hallmark Insurance Plc have received a dividend of N0.03 or 3kobo per ordinary share of 50 kobo for the financial year end 2022.

The company said the dividend of N0.03 or 3kobo per ordinary share of 50 kobo is a total dividend yield of six per cent per share and amounts to N325.2 million.

The Chairman, CHI Plc, Obinna Ekezie, made this known at the firm’s 28th Annual General Meeting (AGM) in Lagos.

He said the company has been consistent in delighting investors by rewarding them with dividends over the years.

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He stated that during the 2022 financial year, the company again braved all odds in the operating environment and posted improved results in its top and bottom lines, adding that the results are an all-time high, as they showed a growth of 22 per cent in Gross Premium Written (GPW), from N10.5 billion in 2021 to N12.8 billion in 2022.

He stated that underwriting profit grew from N1.9 billion in 2021 to N2.4billion in 2022, while the total assets grew to N18.5 billion when compared with the N15.6 billion of 2021.

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He added that the company also maintained its unbroken proûtability record by growing profit before taxation to N 1.4 billion from the N971.6 million of 2021, while total profit attributable to shareholders has attained a billion-naira mark, having hit N1.017 billion from N923,095,723 in 2021.

The Group Managing Director, Eddie Efekoha, said the financial year 2022, was a remarkable one for CHI as it marked the 15th Anniversary of the journey it embarked upon in 2007.

He noted that it also was the beginning of another journey for the transformation of the company into a ûnancial powerhouse for the transaction of insurance and other ûnancial services under one formidable umbrella.

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“We have truly progressed in that journey, having received your unwavering support and unanimous approval to embark on all necessary processes. There is cheering news by colleagues on the Board having, once again, to the best of our abilities, carried out the assignment given to us to grow our investments in this going concern.

Thenation

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