Coronation Insurance Revenue Surges 51% to N74.8bn in 2025

Coronation Insurance Plc announced a 51% growth in insurance revenue, reaching N74.8 billion for the financial year ended December 31, 2025, up from N49.5 billion in 2024. This was disclosed during the Company’s 68th Annual General Meeting in Lagos.

Total assets increased by 27.7% to N98.1 billion, while shareholders’ funds rose by 21.9% to N48.5 billion. The insurance service result, indicating core underwriting performance, surged by 93% from N5.5 billion to N10.6 billion.

However, profit before tax fell to N9.6 billion from N13.8 billion in 2024 due to the absence of significant net foreign exchange gains that had positively impacted the previous year's results. Chairman Mutiu Sunmonu emphasized the importance of resilience in a changing market, while Managing Director/CEO Olamide Olajolo attributed revenue growth to the Group's diversified business model and customer-focused strategy.

The bancassurance partnership with Access Bank generated N19.4 billion in Gross Written Premium for 2025, compared to N13.6 billion in 2024.