Consolidated Hallmark Insurance

[wanaj0]

Originally Posted by hispy99

Yes o, I'll take the 6% over zero %

Celebration time. IF Hallmark can make profit, no shaking for the others then. 2010 is the turning point for them. By September, they should start enforcing more of the compulsory insurance.

Only UNIC is still misbehaving

[wanaj0]

Originally Posted by hispy99

Yes o, I'll take the 6% over zero %

Celebration time. IF Hallmark can make profit, no shaking for the others then. That said, all the indicators went southwards for Hallmark though.

2010 is the turning point for the insurance companies. By September, they should start enforcing more of the compulsory insurance which should improve their bottom line.

Only UNIC is still misbehaving with no result yet.

[Oracle]

Originally Posted by wanaj0

Celebration time. IF Hallmark can make profit, no shaking for the others then. That said, all the indicators went southwards for Hallmark though.

2010 is the turning point for the insurance companies. By September, they should start enforcing more of the compulsory insurance which should improve their bottom line.

Only UNIC is still misbehaving with no result yet.

CONSOLIDATED HALLMARK INSURANCE PLC 7 July 2011
Unaudited Q1 March 2011
Profit and Loss Information
2011 2010
Turnover N1.739b N821.419m
Profit Before Tax N585.370m N292.235m
Taxation (N184.298m)(N43.835m)
Profit After Tax N401.071m N248.400m
Balance Sheet Information
Fixed Assets N932.471m N957.366m
Investment N2m N2m
Stock N1.508b N1.330b
Trade Debtors N2.078b N1.651b
Cash and Bank Balances N205.467m N176.133m
Other Debit Balances N1.378b N1.359b
Insurance Fund N695.008m N695.008m
Other Credit Balances N766.431m N585.009m
Net Assets N6.103b N5.475b

[pegheneji]

Originally Posted by wanaj0

Celebration time. IF Hallmark can make profit, no shaking for the others then. That said, all the indicators went southwards for Hallmark though.

2010 is the turning point for the insurance companies. By September, they should start enforcing more of the compulsory insurance which should improve their bottom line.

Only UNIC is still misbehaving with no result yet.

my problem with these insurance industry is that there has been somany imaginry turning point without them actually turning, OBJ trew alot of opportunuties (Cabotage, Compulsry life policy and even the pension scheme) to the industry but they keep disapointing. goldlink did a restructuring last year with high hope and even gave 3k? only to come up with loss this year. Is Implimention the problem? if yes then it is time to run far from them because if Obj could not impliment those laudable policies, definately GEJ will not be able. there is so much 'flip flop' result from that industry so the 3k div should not be celabrated or a sign of Nhuru.

[wanaj0]

I share your concern BUT many things took place between the time of OBJ and now.

Firstly, it takes a LONG time in Nigeria between the time a law is passed and the time that they start to implement it. Most of the policies and laws are due for implementation this year and next.

Secondly, most of them lost HUGE money during the global crisis. For most, the money raised during the PP, IPO and PO has vanished. So they are starting again now!

Thirdly, the new accounting policy took most of them by surprised.

Lastly, some like Goldlink and Consolidated Hallmark are involved in HUGE boardroom wahala! So it was not easy for them.

Going forward, things can only get BETTER for them. All the government policies will favour that industry so they can only get better from it.

NOTE that the industry will still remain a conservative one so dont expect the flashy banking style development.

Originally Posted by pegheneji

my problem with these insurance industry is that there has been somany imaginry turning point without them actually turning, OBJ trew alot of opportunuties (Cabotage, Compulsry life policy and even the pension scheme) to the industry but they keep disapointing. goldlink did a restructuring last year with high hope and even gave 3k? only to come up with loss this year. Is Implimention the problem? if yes then it is time to run far from them because if Obj could not impliment those laudable policies, definately GEJ will not be able. there is so much 'flip flop' result from that industry so the 3k div should not be celabrated or a sign of Nhuru.

[bamidele97]

Originally Posted by goldsun

even if this year is insurance year, before the bull will reach ur stock, the bear will have explored. So i think he was generous enough, atleast u can put the money in aiico since u're really in love with insurance stocks. There u'll be sure u'll have ur share of the bull IF IT COMES.

I cast a glance at the share prices in insurance sector today. Ai what? I dey laugh o.

[goldsun]

Originally Posted by bamidele97

I cast a glance at the share prices in insurance sector today. Ai what? I dey laugh o.

the post was made a long time ago. With my choice of WORDS, i am still correct

[Oracle]

CONSOLIDATED HALLMARK INSURANCE PLC 28 July 2011
Unaudited Q2 June 2011
2011 2010
Turnover N2.519b N1.394b
Reinsurance Cost (N575.519m) (N207.756m)
Exceptional Items (N37.113m) Nil
Profit Before Tax N394.281m N96.787m
Taxation (N118.284m) (N14.518m)
Profit After Tax N275.996m N82.269m
Balance Sheet Information 30-06-11 31-12-10
Fixed Assets N939.337m N957.366m
Investment N13.691m N12.716m
Stock N1.610b N1.320b
Trade Debtors N1.762b N1.651b
Cash and Bank Balances N176.271m N176.133m
Other Debit Balances N1.332b N1.357b
Trade Creditors N673.463m N695.008m
Other Credit Balances N694.441m N585.009m
Net Assets N4.466b N4.195b

[bamidele97]

Originally Posted by Oracle

CONSOLIDATED HALLMARK INSURANCE PLC 28 July 2011
Unaudited Q2 June 2011
2011 2010
Turnover N2.519b N1.394b
Reinsurance Cost (N575.519m) (N207.756m)
Exceptional Items (N37.113m) Nil
Profit Before Tax N394.281m N96.787m
Taxation (N118.284m) (N14.518m)
Profit After Tax N275.996m N82.269m
Balance Sheet Information 30-06-11 31-12-10
Fixed Assets N939.337m N957.366m
Investment N13.691m N12.716m
Stock N1.610b N1.320b
Trade Debtors N1.762b N1.651b
Cash and Bank Balances N176.271m N176.133m
Other Debit Balances N1.332b N1.357b
Trade Creditors N673.463m N695.008m
Other Credit Balances N694.441m N585.009m
Net Assets N4.466b N4.195b

Thumb up !!!

[pegheneji]

Originally Posted by Oracle

CONSOLIDATED HALLMARK INSURANCE PLC 28 July 2011
Unaudited Q2 June 2011
2011 2010
Turnover N2.519b N1.394b
Reinsurance Cost (N575.519m) (N207.756m)
Exceptional Items (N37.113m) Nil
Profit Before Tax N394.281m N96.787m
Taxation (N118.284m) (N14.518m)
Profit After Tax N275.996m N82.269m
Balance Sheet Information 30-06-11 31-12-10
Fixed Assets N939.337m N957.366m
Investment N13.691m N12.716m
Stock N1.610b N1.320b
Trade Debtors N1.762b N1.651b
Cash and Bank Balances N176.271m N176.133m
Other Debit Balances N1.332b N1.357b
Trade Creditors N673.463m N695.008m
Other Credit Balances N694.441m N585.009m
Net Assets N4.466b N4.195b

Originally Posted by bamidele97

Thumb up !!!

witin u dey thumb for? what is their 2010 full yaer? abeg, thumb down!

[knightofdelta]

Originally Posted by pegheneji

witin u dey thumb for? what is their 2010 full yaer? abeg, thumb down!

Madam, you harsh o...

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[austine42007]

HMARKINS forecasts N275.1m PAT

[Picolena66]

Consolidated Hallmark Insurance Plc Changes Head office Address

[cashrules]

CONSOLIDATED HALLMARK INSURANCE PLC
April 24, 2012
Audited Results (Dec. 31, 2011)
Profit and Loss Information
Gross Premium 31-12-11 N3.882b 31-12-10 N2.853b Net Premium Earned 11 N2.756b 10 N2.128b Net Claims Incurred 11 (N572.080m) (N370.958m) Underwriting Profit 11 N1.444b 10 N1.130b Investment & Other Income 11 N135.947m 10 N81.088m Mgt Expenses & Provision for doubtful Accounts 11 (N1.213b) 10 (N972.887m) Profit before Tax 11 N366.872m 10 N238.294m Exceptional Items 11 (N113.358m) 10 Nil Taxation 11 N5.247m 10 (N41.677m) Profit after Tax 11 N258.761m 10 N196.616m

Balance Sheet Information
Fixed Assets 31-12-11 N1.013b 31-12-10 N975.014m Investment in Properties & Long Term Investments 11 N815.640m 10 N818.336m Short term Investments 11 N1.576b 10 N1.325b Premium Debtors 11 N1.174b 10 N1.163b Cash and Bank Balances 11 N153.000m 10 N183.221m Other Debit Balances 11 N953.108m 10 N50.572m Insurance Fund 11 N985.009m 10 N766.027m Other Credit Balances 11 N406.105m 10 N522.842m Net Assets 11 N4.294b 10 N4.146b
Corporate Actions
Proposed Dividend
Nil
Proposed Bonus
Qualification Date
Nil
Nil
Closure Date
Nil
AGM Date
Nil
Payment Date
Nil
AGM Venue
Nil
Notes

[cashrules]

CONSOLIDATED HALLMARK INSURANCE PLC
May 11th 2012
Unaudited Results (March, 2012, Q1)
Statement of Comprehensive Income
Gross Premium Earned 31/03/2012 N1.097b 31/03/2011 N1.739b Audited 11 N3.882b
Reinsurance Cost 12 (N141.287m) 11 (N520.449m) Audited 11 (N1.125b)
Commission Earned 12 N3.214m 11 N13.182m Audited 11 N76.172m
Net Claims Incurred 12 (N176.685m) 11 (N140.539m) Audited 11 (N572.080m)
Underwriting Expenses 12 (N235.249m) 11 (N302.947m) Audited 11 (N816.853m)
Underwriting Profit 12 N547.135m 11 N788.318m Audited 11 N1.444b
Investment & Other Income 12 N61.141m 11 N15.946m Audited 11 N135.947m
Management & Impairment Expenses 12 (N435.047m) 11 (N218.894m) Audited 11 (N1.326b)
Profit before Tax 12 N173.228m 11 N585.370m Audited 11 N253.513m
Taxation 12 (N58.091m) 11 (N184.298m) Audited 11 N5.247m
Profit after Tax 12 N115.137m 11 N401.071m Audited 11 N258.761m

Statement of Financial Position
Property, Plant & Equipment 31-03-12 N1.022b 31-12-11 N1.013b
Investment Properties 12 N785.578m 11 N786.578m
Investment held for Trading 12 N429.035m 11 N307.139m
Premium Income Receivables 12 N1.290b 11 N1.174b
Cash and Bank Balances 12 N1.444b 11 N1.449b
Other Debit Balances 12 N985.551m 11 N976.479m
Trade Receivables 12 219.219m 11 N135.113m
Insurance Contract Liabilities 12 N1.045b 11 N1.006b
Other Credit Balances 12 N271.821m 11 N270.991m
Net Assets 12 N4.420b 11 N4.294b

[cashrules]

CONSOLIDATED HALLMARK INSURANCE PLC
May 18th, 2012

Audited Results (December 31, 2011)
Corporate Actions

Proposed Dividend 2 kobo
Proposed Bonus Nil
Qualification Date 6th June 2012
Closure Date 7th June – 13th June 2012
AGM Date 20th June 2012
Payment Date 28th June 2012
AGM Venue MUSON Centre, Onikan Lagos at 11.00 a.m.

[wanaj0]

Originally Posted by cashrules

CONSOLIDATED HALLMARK INSURANCE PLC
May 18th, 2012

Audited Results (December 31, 2011)
Corporate Actions

Proposed Dividend 2 kobo
Proposed Bonus Nil
Qualification Date 6th June 2012
Closure Date 7th June – 13th June 2012
AGM Date 20th June 2012
Payment Date 28th June 2012
AGM Venue MUSON Centre, Onikan Lagos at 11.00 a.m.

Waoooo. Dry bones shall rise again.

Based on their Q1 result, they may be able to double the 2011 PAT. Let the party begin.

[hispy99]

Consolidated Hallmark Insurance Offers Journalists Free Accident Cover, Articles | THISDAY LIVE

[wanaj0]

Originally Posted by cashrules

CONSOLIDATED HALLMARK INSURANCE PLC
May 18th, 2012

Audited Results (December 31, 2011)
Corporate Actions

Proposed Dividend 2 kobo
Proposed Bonus Nil
Qualification Date 6th June 2012
Closure Date 7th June – 13th June 2012
AGM Date 20th June 2012
Payment Date 28th June 2012
AGM Venue MUSON Centre, Onikan Lagos at 11.00 a.m.

And they actually paid the dividend? Something is happening lol