Cornerstone Insurance FY 2025 Results: Revenue, Dividend & HoldCo Plans

Cornerstone Insurance Plc (NGX: CORNERST) has released its audited results for the financial year ended 31 December 2025. The Group reported insurance revenue of ₦51.7 billion, a 33.6% increase from ₦38.7 billion in FY 2024. Insurance service result rose 527.3% to ₦13.5 billion from ₦2.2 billion in the prior year. Profit After Tax for the period stood at ₦11.7 billion, with the company noting that FY 2024 earnings had benefited from significant foreign exchange-related fair value gains, creating a higher comparative base.

Shareholders' funds grew 20.4% to ₦71.9 billion, and the Group reported a solvency margin surplus of ₦33.6 billion, described as significantly above regulatory requirements. The Board is proposing a dividend of 28 kobo per ordinary share, subject to shareholder approval at the Annual General Meeting scheduled for 20 July 2025.

Cornerstone also disclosed plans to implement a holding company structure that would separate its life and general insurance businesses, and bring its general insurance operations together with Hilal Takaful Nigeria Limited under a unified framework. The Group stated this aligns with NAICOM's push for composite insurers to separate into distinct life and general businesses. Cornerstone holds an A- Financial Strength Rating with a Stable Outlook from Augusto & Co.