Coronation Insurance Plc has reported a significant increase in revenue for the 2025 financial year, underscoring strong growth in its core insurance business despite pressure on overall profitability.
According to its audited financial results, the company’s insurance revenue rose by 51.4 percent year-on-year to N74.83 billion, up from N49.47 billion recorded in 2024. The performance reflects sustained expansion across its underwriting operations and increased demand for its insurance products.
The insurer also recorded improvements in operational efficiency, with its insurance service result climbing to N7.30 billion from N5.49 billion in the previous year. This growth highlights stronger performance in its core insurance activities and better cost management.
Investment income contributed positively to the overall earnings, more than doubling to N5.47 billion compared to N2.56 billion in 2024, driven by improved returns on invested assets. As a result, the company’s combined net insurance and investment income surged sharply by 149 percent to N17.68 billion.
Despite the impressive top-line growth, profitability declined during the period. Profit after tax fell by 36.8 percent to N7.52 billion, down from N11.91 billion recorded in the prior year, reflecting evolving market conditions and cost pressures.
Earnings per share also dropped to 31 kobo from 50 kobo, mirroring the decline in bottom-line performance.
On the balance sheet, however, the company maintained a solid financial position. Total assets grew by 27.74 percent to N98.10 billion, while shareholders’ funds increased by 21.96 percent to N48.49 billion, indicating continued value creation for investors.
Overall, the results point to a business that is expanding strongly in revenue and operations, even as it navigates profitability challenges in a dynamic economic environment.
