Coronation Insurance Records N9.6 Billion Profit in FY2025 on N71 Billion Revenue
Coronation Insurance released its unaudited financial results for the fiscal year ending December 31, 2025, reporting a pre-tax profit of N9.66 billion on a revenue of N71.1 billion. This marked a decline from the N13.8 billion profit recorded in the previous year.
The fourth-quarter profit for 2025 was N6.2 billion, down from N5.2 billion in the same period the year before. The company attributed the strong revenue growth to a rise in insurance revenue, with gross claims paid amounting to N17.7 billion.
Total assets increased to N102.81 billion, mainly due to financial assets and investments. However, total liabilities also rose to N54.8 billion, primarily driven by higher insurance contract liabilities.
Coronation Insurance's share price experienced fluctuations but showed a slight decrease.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
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