Coronation Insurance Reports N9.65 Billion Profit for 2025

Coronation Insurance Plc (NGX: WAPIC) announced its audited financial results for the year ending December 31, 2025, reporting a pre-tax profit of N9.65 billion, which reflects a 30.4% decrease from the N13.81 billion recorded in 2024. Despite this decline in overall profit, the company demonstrated strong performance in revenue, with insurance revenue growing by 51.4% to N74.83 billion from N49.47 billion in 2024.

The decline in profit was primarily due to the absence of net foreign exchange gains in 2025, contrasting with a significant foreign exchange gain of N8 billion in 2024. The company's net insurance and net investment results reached N17.675 billion, a substantial increase from N7.105 billion in 2024, driven by strong insurance revenue and investment income.

Additionally, the company's total assets grew by 28% to N98.1 billion, primarily due to an increase in financial assets. The equity also saw a notable increase to N48.49 billion from N39.8 billion in 2024, supported by retained earnings of N15.498 billion compared to N9.797 billion in 2024.