Cornerstone Insurance revenue hits N43.7bn in 2025

Cornerstone Insurance Plc, one of Nigeria’s foremost and most trusted insurance underwriters, has announced its unaudited financial results for the year ended December 31, 2025. According to the company’s 2025 unaudited financial report, insurance revenue rose to N43.7 billion, representing a 44% increase when compared to N30.4 billion recorded in December 2024.   The company […]

Cornerstone Insurance Plc, one of Nigeria’s foremost and most trusted insurance underwriters, has announced its unaudited financial results for the year ended December 31, 2025.
According to the company’s 2025 unaudited financial report, insurance revenue rose to N43.7 billion, representing a 44% increase when compared to N30.4 billion recorded in December 2024.

 

The company also posted a remarkable insurance service result of N10.7 billion, reflecting an impressive 353% growth from N2.4 billion achieved in the corresponding period of 2024.

 

The company said strong performance reflects its continued focus on strategic underwriting, disciplined risk selection, operational efficiency, and innovative customer-focused solutions designed to deliver sustainable value.

 

It added that the results further reinforce the company’s resilience and ability to adapt to the evolving dynamics of Nigeria’s insurance landscape while maintaining strong financial stability.

 

Speaking on the company’s performance, 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.

 

“Our 2025 financial performance is a testament to the strength of our strategic direction and the deliberate steps we have taken to strengthen our operations and enhance service delivery.

 

“Despite the complexities within the operating environment, we remained consistent in our pursuit of disciplined underwriting, improved customer experience, and digital transformation. This achievement reflects the unwavering dedication of our employees, the trust reposed in us by our customers, and the strong support from our stakeholders. As we move forward, we will continue to explore growth opportunities, invest in innovation, and deepen our market presence to sustain our upward trajectory.”

 

Also commenting on the results, the Chief Financial Officer, Jubril Ajose, emphasised the company’s sound financial management and efficient cost structure as key contributors to the impressive growth recorded during the year.

 

“The remarkable increase in both insurance revenue and insurance service result highlights the effectiveness of our financial discipline and strategic cost management initiatives.

 

“Our focus on balancing revenue growth with prudent risk management and expense optimisation has strengthened our profitability and enhanced our overall financial health. We remain committed to maintaining strong corporate governance standards, ensuring transparency in our reporting processes, and consistently delivering value to our shareholders,” he said.