Cornerstone Insurance Plc Profits Drop 67% on FX Losses

Cornerstone Insurance Plc's profit after tax dropped by 67% to N8.10 billion in the nine months ending August 2025, mainly attributed to significant foreign exchange losses. The company's interest income and investment income also saw declines, while investment revenue increased by 39%.

Despite the profit decline, the firm's balance sheet position improved, with total assets increasing to N135.76 billion. The company maintained a positive solvency position despite rising operational costs.