CONSOLIDATED HALLMARK INSURANCE : EARNINGFORCAST

9th March 2023

Lagos Nigeria

2ND QUARTER 2023 FORECAST
FOR THE PERIOD ENDED 30 JUNE 2023
2ND Quarter 2023
From; January 2023
To; June 2023
Gross Premium	8,694,722,288
Net Premium	4,791,002,596
Net Claims Incurred	1,676,850,909
Investment Income	633,944,860
Net Operating Income	3,748,096,547
Commissioned Incurred	1,191,875,292
Underwriting & Management Expenses	1,574,364,530
Profit/Loss Before Tax	981,856,725
Forecast Taxation	314,194,153
Profit/Loss After Tax	667,662,572
Cash From Operating Activities	389,469,834
Operating Cashflow Before Working Capital Changes	278,192,738
Net Cash Generated From Operating Activities	1,741,527,298
CashFlow From Investing Activities	404,056,818
CashFlow From Financing Activities	-
Net Increase/Decrease In Net Cash & Cash
Equivalents	2,145,584,115
Cash/Bank Balance at the Beginning of the Period	3,279,256,329
Cash/Bank Balance at the End of the Period	5,424,840,444

Rukevwe Falana

Company Secretary

Consolidated Hallmark Insurance Plc