Plus234Feed

Cornerstone Insurance Reports N43.7bn Revenue in 2025 Financial Results

Cornerstone Insurance PLC, a leading insurance underwriter in Nigeria, disclosed its unaudited financial results for the year ending December 31, 2025. The company's revenue surged to N43.7 billion, marking a 44% increase from N30.4 billion in December 2024.

Notably, the company posted impressive insurance service results of N10.7 billion, signifying a remarkable 353% growth from N2.4 billion in the corresponding period of 2024. The strong performance was attributed to the company's strategic underwriting discipline, risk selection, operational efficiency, innovation, and customer-focused solutions.

The Group Managing Director and Chief Executive Officer, Stephen Alangbo, described the results as a clear indication of Cornerstone's commitment to excellence and long-term value creation. The Chief Financial Officer, Jubril Ajos, emphasized the company's sound financial management, efficient cost structure, and prudent risk management as key contributors to the impressive growth recorded during the year.

Cornerstone Insurance remains dedicated to maintaining strong corporate governance standards and delivering value to its shareholders.

Plus234Feed summary based on reporting from Daily Trust. Read the original report below.

Read full article

Continue on Daily Trust

Visit
Share
Cornerstone Insurance Reports N43.7bn Revenue in 2025 Financial Results | Plus234Feed