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Q3 2021 Forecast: CHI Expects Gross Premium Rise To N7.9bn

by Bisi Bamishe
June 12, 2021
in Uncategorized
Q3 2021 Forecast: CHI Expects Gross Premium Rise To N7.9bn

CHI

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Bisi Bamishe

Consolidated Hallmark Insurance Plc (CHI) is expecting its gross premium to rise to N7.920 billion in Q3 2021, from N3.850 billion  projected for Q1 2021

The company ‘s earnings forecast for the third quarter 2021 released to the Nigerian Exchange (NGX) showed that CHI projected profit after tax of N515.744 million, representing   82.41% increase over N282.734 million forecasted for first quarter 2021.

CHI also projected that cash/bank balance at the end of the period will grow to N4.694 billion from N2.747 billion in Q1 2021.

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Bisi Bamishe

Bisi Bamishe

I am a journalist with many years of experience in the field of Insurance and Pension. In 2003, I won Nigeria Media Merit Award of the IGI's Prize For Insurance Reporter of The Year

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