Coronation Insurance coverage Plc has launched its unaudited monetary outcomes for the yr ended 31 December 2025, reporting a pre-tax revenue of N9.66 billion.
Though this represents a strong efficiency for the group, it marks a decline from the N13.8 billion recorded within the earlier yr, as fourth-quarter revenue eased from N6.2 billion to N5.2 billion.
Each full-year and fourth-quarter outcomes have been supported by robust insurance coverage income, which rose to N71.1 billion for the yr, representing a 43.77% year-on-year enhance.
The insurer generated N69.4 billion in acquired premiums in 2025, up 28.35%, whereas ‘gross claims paid’ surged 153.75% to N17.7 billion, reflecting heightened insurance coverage exercise.
Key Highlights
- Insurance coverage income: N71.12 billion (up 43.77% YoY from N49.47 billion)
- Insurance coverage service consequence: N10.91 billion (up 98.91% YoY from N5.48 billion)
- Whole funding & different revenue: N6.6 billion (vs N11.2 billion in 2024)
- Working revenue: N9.1 billion (down 15.44% YoY from N10.76 billion)
- Pre-tax revenue: N9.66 billion (down 30.02% YoY from N13.81 billion)
- Revenue after tax: N7.11 billion (down 40.25% YoY from N11.91 billion)
- Whole property: N102.81 billion (up 33.88% YoY from N76.7 billion)
Driving the numbers
In accordance with the corporate’s books, full-year insurance coverage income of N71.1 billion, up 43.77% year-on-year, was primarily pushed by contracts measured below the Premium Allocation Strategy.
On the identical time, insurance coverage service bills rose to N44.9 billion from N27.1 billion within the prior yr, largely as a result of elevated incurred claims and the amortization of insurance coverage acquisition money flows.
- Because of this, the insurance coverage service consequence stood at N26.1 billion.
- After accounting for reinsurance bills of N15.2 billion, the online insurance coverage consequence got here in at N10.91 billion, in comparison with N5.4 billion within the earlier yr.
Past underwriting, funding revenue rose 150.11% to N6.39 billion, with complete funding outcomes at N6.6 billion, decrease than N11.2 billion in 2024 as a result of adverse different working revenue.
In the meantime, web insurance coverage finance bills widened to N2.24 billion from N93.84 million, bringing web insurance coverage and funding outcomes to N15.3 billion.
- After accounting for complete working bills of N6.1 billion—together with impairments—working revenue declined 15.44% year-on-year to N9.1 billion
- As well as, the share of revenue from an affiliate fell to N557.6 million from N3 billion, leading to a pre-tax revenue of N9.6 billion.
On the steadiness sheet, complete property elevated to N102.81 billion, primarily comprising monetary property of N42.2 billion, money and money equivalents of N17.5 billion, and funding in associates of N17.5 billion.
Nonetheless, complete liabilities rose to N54.8 billion from N37 billion, largely as a result of increased insurance coverage contract liabilities. Whole fairness stood at N47.9 billion, up 20.70%, with retained earnings of N15.9 billion.
Market response
Coronation Insurance coverage shares have proven restricted motion following the outcomes, down 1.69% month-to-date in February.
Nonetheless, they’re up 7.69% year-to-date, at the moment priced at N3.50 per share.
