Cornerstone Insurance Q3 2026 Results: Revenue Rises 16.7%

Cornerstone Insurance Plc (NGX: CORNERST) reported insurance revenue of ₦43.31 billion for the nine months ended 30 September 2026, representing a 16.7% increase from ₦24.47 billion in the corresponding period of 2025. The Group attributed this growth to increased contributions from both its life and non-life insurance businesses.

Insurance service result rose 8.09% to ₦11.75 billion, compared with ₦10.87 billion in Q3 2025. However, net insurance and investment result declined 4.4% to ₦13.50 billion from ₦14.12 billion, due to higher net foreign exchange losses and lower fair value gains relative to the prior-year period.

Profit before tax came in at ₦7.91 billion, down from ₦8.32 billion in Q3 2025, while profit after tax fell to ₦7.41 billion from ₦8.10 billion. Earnings per share stood at 41 kobo, compared with 45 kobo a year earlier.

On the balance sheet, total assets grew 5.75% to ₦149.14 billion, and shareholders' funds increased 10.3% to ₦80.36 billion from ₦72.86 billion at year-end 2025. The Group also disclosed plans to separate its life and general insurance businesses in line with regulatory requirements.