CONSOLIDATED HALLMARK HOLDINGS PLC CONSOLIDATED HALLMARK INSURANCE PLC
AND SUBSIDIARY COMPANIES
COMPANY RC:168762
AUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
CONSOLIDATED HALLMARK INSURANCE PLC AND SUBSIDIARY COMPANIES
REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2022
Contents | Page |
Corporate Information | 2 |
Results at a Glance | 5 |
Directors Report | 6 |
Statement of Directors' Responsibilities | 19 |
Certification Pursuant to Section 60 (2) of Investment and Securities Act No. 29 of 2007 | 20 |
Report of the Independent Auditors | 21 |
Report of the Audit Committee | 27 |
General Information | 28 |
Statement of Significant Accounting Policies | 30 |
Statement of Consolidated Financial Position | 54 |
Statement of Comprehensive Income | 55 |
Statement of Change in Equity | 56 |
Statement of Cash Flows | 58 |
Notes to the Financial Statements | 59 |
Segment information | 88 |
Capital Management Policy | 89 |
Management of Insurance and Financial Risk | 95 |
Statement of Value Added | 114 |
Five Years Financial Summary - Group | 116 |
Five Years Financial Summary - Company | 118 |
Revenue account - Underwriting Result per class of business | 120 |
CHI PLC December 2022 | Page 1 |
CONSOLIDATED HALLMARK INSURANCE PLC AND SUBSIDIARY COMPANIES
REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2022
Corporate Information | ||
Directors | Mr. Obinna Ekezie | Chairman |
Mr. Eddie Efekoha | Managing Director/CEO | |
Mr. Babatunde Daramola | Executive Director- | |
Finance, Systems & Investment | ||
Mrs. Mary Adeyanju | Executive Director-Operations | |
Prince Ben Onuora | Non-Executive Director | |
Mrs. Adebola F. Odukale | Non-Executive Director | |
Mr. Shuaibu Idris | Independent Non-Executive Director | |
Dr. Layi Fatona | Non-Executive Director | |
Company Secretary | Mrs. Rukevwe Falana | |
Consolidated Hallmark Insurance Plc | ||
266, Ikorodu Road | ||
Obanikoro, Lagos | ||
Registered Office | Consolidated Hallmark Insurance Plc | |
266, Ikorodu Road | ||
Obanikoro, Lagos | ||
Registration Number | 168762 | |
Corporate Head Office | Consolidated Hallmark Insurance Plc | |
266, Ikorodu Road | ||
Obanikoro, Lagos | ||
Email: info@chiplc.com | ||
Registrars | Meristem Registrars & Probate Services Ltd | |
213, Herbert Macaulay Road | ||
Adekunle, Yaba Lagos | ||
Tel: +234 (1) 8920491-2 | ||
Lagos | ||
Bankers | Fidelity Bank Plc | |
First Bank of Nigeria Limited | ||
GTBank Limited | ||
United Bank for Africa Plc | ||
Zenith Bank Plc | ||
FCMB | ||
Auditors | SIAO (Chartered Accountants) | |
18b, Olu Holloway Road |
Off Alfred Rewane Road Falomo- Ikoyi P.O.Box 55461, Falomo Ikoyi, Lagos.
Tel: +234 01 463 0871-2
website: www.siao-ng.com
E-mail: enquiries@siao-ng.com
CHI PLC December 2022 | Page 2 |
CONSOLIDATED HALLMARK INSURANCE PLC AND SUBSIDIARY COMPANIES
REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2022
Corporate Information (Cont'd)
ActuaryErnst & Young
UBA House
10th Floor
57 Marina Lagos
Tel: + 234 1 6314 543
Reinsurers | African Reinsurers Corporation |
Continental Reinsurance Plc | |
WAICA Reinsurance Corporation |
Subsidiaries | |
CHI Capital Limited | CHI Microinsurance Limited |
33D Bishop Aboyade Cole Street | 5A, Sawyer Close |
Victoria Island | Obanikoro, Lagos |
Hallmark Health Services Limited | |
264, Ikorodu Road | |
Obanikoro, Lagos | |
Grand Treasurers Limited | |
Plot 33D Bishop Aboyade Cole Street | |
Victoria Island Lagos | |
Branch Networks | |
Corporate Head Office | |
266, Ikorodu Road | |
Obanikoro, Lagos | |
Tel: +234-1-2912543 | |
0700CHINSURANCE | |
O7OO24467872 | |
e-mail:info@chiplc.com | |
website: www.chiplc.com | |
Regional Offices | |
Port Harcourt | Abuja |
52, Emekuku Street | 5th Floor, Rivers Plaza and Mall |
Amazing Grace Plaza | Plot 470 Abogo Largema Off Constitution Road |
Tel: 09092861724, 09033543581 | Central Business District, Abuja |
porthacourt@chiplc.com | Tel: 09-2347965 Fax: 097804398 |
abuja@chiplc.com | |
Victoria Island Office | |
Plot 33D Bishop Aboyade Cole Street | |
Victoria Island Lagos | |
Tel:01-4618222 | |
Fax 01-4618380 | |
e-mail: info@chiplc.com | |
website:www.chiplc.com |
CHI PLC December 2022 | Page 3 |
CONSOLIDATED HALLMARK INSURANCE PLC AND SUBSIDIARY COMPANIES
REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2022
Branch Offices | |
Aba Office | Kaduna Office |
4, Eziukwu Road | NK 9, Constitution Road |
Tel: 08180001164 | Kaduna |
aba@chiplc.com | Tel: 08180001148 |
kaduna@chiplc.com | |
Owerri Office | Akure Office |
5B Okigwe Road | 3rd Floor, Bank of Industry (BOI) House |
Opp. Govt College Owerri | Alagbaka Akure |
08180001162 | Tel: 08180001154 |
owerri@chiplc.com | akure@chiplc.com |
Kano Office | Warri Office |
17, Zaria Road | 179, Jakpa Road, Effurun |
Gyadi Gyadi | Tel: 08180001157 |
Tel: 08180001146 | warri@chiplc.com |
kano@chiplc.com | |
Onitsha Office | Enugu Office |
41, New Market Road Onitsha | 77, Ogui Road |
Tel: 08180001139 | Tel: 08180001142 |
onitsha@chiplc.com | enugu@chiplc.com |
Ibadan Office | |
1st Floor, Navada Plaza | |
140/142 Liberty Stadium Road | |
Tel: 08180001152 | |
ibadan@chiplc.com |
CHI PLC December 2022 | Page 4 |
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Consolidated Hallmark Insurance plc published this content on 31 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2023 18:17:24 UTC.
