Coronation Insurance Plc delivered a pre-tax profit of ₦9.66 billion for the year ended December 31, 2025.
However, this marked a decline from ₦13.8 billion in 2024, as fourth-quarter profit fell from ₦6.2 billion to ₦5.2 billion.
Coronation Insurance Profit Dips Amid Growth
Despite the profit slowdown, the company boosted insurance revenue by 43.77% to ₦71.1 billion, driven by new contracts under the Premium Allocation Approach.
Moreover, premiums received climbed 28.35% to ₦69.4 billion, reflecting growing customer demand and higher underwriting activity across its operations.
At the same time, gross claims paid surged 153.75% to ₦17.7 billion, highlighting the rising insurance obligations that pressured profit margins.
Underwriting Strength
The insurance service result nearly doubled to ₦10.91 billion from ₦5.48 billion last year, demonstrating the company’s strong underwriting performance.
Meanwhile, the company spent ₦15.2 billion on reinsurance, which helped manage risk while moderating net results.
Investment income rose 150.11% to ₦6.39 billion; however, total investment and other income fell to ₦6.6 billion due to negative operating items.
After accounting for ₦6.1 billion in operating expenses, including impairments, operating profit declined 15.44% to ₦9.1 billion.
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Furthermore, profit from associates dropped sharply to ₦557.6 million from ₦3 billion, contributing to the lower pre-tax figure.
Balance Sheet And Shares
On the balance sheet, the company increased total assets by 33.88% to ₦102.81 billion, mainly through cash, financial assets, and investments in associates.
Liabilities rose to ₦54.8 billion, driven by higher insurance contract obligations, while equity grew 20.7% to ₦47.9 billion, including ₦15.9 billion in retained earnings.
Finally, Coronation Insurance’s shares moved slightly, down 1.69% month-to-date but up 7.69% year-to-date, trading at ₦3.50 per share.
Overall, the results tell a story of revenue growth tempered by rising claims, illustrating resilience amid a challenging market.
