Hallmark Holdings Consolidated Revenue Reaches N15.7 Billion

Consolidated Punch Assets (CHH) PLC, has checked in income growth of N15.7 billion In 2023, Since N11.9 billion reached In 2022,  representative 32 percent growth In income.

Total assets of THE business witnessed A significant leap has N26.2 billion When compared with has THE N18.2 billion of 2022, showing significant 44 percent growth In THE total assets of THE close.

Profit Before Tax (PBT) pink has N4.6 billion Since THE N983 million In 2022 while total profit attributable has shareholders For THE 2023 financial year was N3.8 billion, up Since N547 checked in million In 2022.

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Shuaibu Idris, President of CHH, while addressing shareholders during THE First of all Annual General Meeting (AGM), said despite THE odds In THE economy, THE insurer was able has save significant improvements In key financial indicators In THE 2023 financial year.

On dividend, he said THE boards commitment has adequate Back on investments has THE shareholders through consistent dividend payment remains farm And that THE advice duty stay concentrate on that path, And declared A total dividend of N542 million For each shareholder has be paid N0.05 Or five Kobo by ordinary share of 50 Kobo.

Idris insured THE shareholders that THE bank accounts of qualification shareholders WHO to have update their recordings with THE Registrars duty be credited beginning Since THE END of THE AGM.

He said them that However CHH PLC East A out of operation Assets Business, he duty strive has to carry out It is primary functions of maintain control on THE subsidiaries, establishment additional investments In miscellaneous sectors Or THE opportunities arise, protect THE assets of THE Band And provide strategic direction, add that A advice do up of experimented business leaders has has been assembled.

He said: "We stay optimistic of A more friendly Operating environment In THE years in front, which We hope has take complete advantage of And increase THE walk share of OUR member companies In all sectors Or We are operational.

"THE to use of technology remains pivot In OUR quest has continually consolidate OUR operations as A of THE high players In THE financial services sector And beyond. »

Idris went further has appreciate THE shareholders For their support on THE years, add that: "My appreciation Also go especially has OUR regulators, other the partners, THE insurance brokers, agents, OUR loyal clients, OUR stakeholders In THE health And financial services sector in general And has THE management And staff of THE band. »

Band Chief Executive Officer of CHH, Eddie Efekoha, explain that: "In comparative terms, We to have has been able has reach A 465 percent growth Since THE total assets of N4.6 billion In 2007.

He disclosed that THE farm checked in A improvement of 589 percent growth as It is Profit After Tax (TAP) grown up Since N547 million In 2022 has N3.7 billion In 2023, noting that: "We had A positive impact of exchange rate earn during THE year."

Efekoha said that increase In THE prime rate of engine insurance And arduous efforts has ensure compliance paving stone THE path For improved income Since THE class of company.

"Indeed, THE increase rate For third to party engine insurance Since 5,000 naira has NOT 15,000 For private cars was THE path has go, In see of inflationary tendencies And THE failure of THE industry has periodically goodbye rates has reflect THE economic realities on THE years," he said.

He Underlines that In 2023, Band Claims Regulations was N5 billion Since THE N4.4 billion spent In 2022, indicating A increase by 2,485 percent In 2023 Exercise on THE 2007 Claims payment figure of N197.2 millions.

"As A band, We stay engaged has fast complaints regulation if In Health Insurance, Microphone life Insurance Or In OUR general business And special risks insurance.

"OUR quest has significantly to grow OUR walk would be continually receive A booster with THE faith of OUR clients In OUR ability And preparation has meet their needs When complaints arise," Efekoha added.

President Skilled, Independent Shareholders Association of Nigeria (IS A) Sir. Sunny Nwosu WHO prayed For THE the organization advice, management, staff And shareholders applauded THE Exploits reached by THE farm, while pressing For upper dividend payment.

He rented THE seamless transition has A holding business And exhorted THE advice has sustain THE to drive In socket THE organization has pupil heights.

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