By Segun Elijah
Consolidated Hallmark Insurance (CHI) more than double its Quarter 1 profit after compared to the same quarter last year though its liquidity for the quarter took a dip.
The insurer realized N20.2 billion profit after tax, compared to N3.3 billion it generated in the same quarter last year.
CHI’s rising profit after tax followed its investment and insurance revenues which stood respectively at N19.4 billion and N11.7 billion. The former got a boost of N18.4 billion gain (about nine times what it made in the same quarter of 2025) from the insurer’s N65 billion financial assets in 2026 Q 1, up from N46 billion in December.
But the soaring profit the insurer recorded did little to increase its liquidity in the quarter.
Its net cashflow from operation rose from a loss of N2.6 billion in the first quarter of last year to N121.8 million in 2026. Total outflow for the quarter’s operation, about N19.3, left little in the 19.4 billion inflow.
Cashflows from investing and financing stood at N2.3 billion and a loss of N514.3 million respectively, compared to what each recorded—N3.3b and N1.9 billion respectively—in Q1 of 2025.
The operation cash outflow and assets holding up cash ultimately resulted in a 26.2% net cash decrease—from N2.6 billion in Q1 of last year to N1.92 billion in 2026 Q1.
