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Consolidate Hallmark records N4.2bn gross premium in 2013

The company, however, made a provision for impairment of N547, 735.224 for outstanding premium to have a clean break from the era of debtors overhang…

The company, however, made a provision for impairment of N547, 735.224 for outstanding premium to have a clean break from the era of debtors overhang and pave the way for future profitability.
A breakdown of the company’s statement of account for 2013 showed that the company’s cash flow has increased to N2, 275,501,790 from N1, 857,303,251.
Commenting, the Vice Chairman of the company, Mr Tony Aletor, said future results would be better.

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