Consolidated Hallmark Insurance Plc, projections for performance is on the upbeat for the fourth quarter, Covid-19 notwithstanding.
The forecast for profit fter tax was et at N502.28m and the profit before tax anticipation stands at N703.32m.
The statistics were contained in earnings forecast sent to The Nigerian Stock Exchange, with estimates of net claims at N2.43b, while net income, net operating income, investment income and underwriting expenses were respectively set at N5.86bn, N4.25bn, N751.1m and N2.73bn.
Despite the impact of the pandemic, CHI is expecting growth. In the consolidated half year June 2020, the group reported gross premium written of N5,33bn and profit after tax of N295.39m.
The profit before tax at the end of June 2020 was N444.42m. For same period the underwriting profit was N1.10b and the net and gross premium was N2.92bn and N5.66bn.