2020 FY Results: Coronation Insurance Plc post N759 million profit as earnings per share prints at 3 kobo

Coronation Insurance Plc reported a Net Premium Income of N9.68 billion for the year ended December 2020. This represents an 18.5% increase from the N9.48 billion reported same period in 2019.

  • Total claims paid during the year was N4.70 billion compared to N1.71 billion claims paid a year earlier. +174.7% YoY
  • The insurance firm also reported an underwriting profit of N2.95 billion compared to N2.93 billion a year earlier. +0.75% YoY.
  • Profit after tax for the year was N759.27 million compared to N214.33 million a year earlier. +254.26% YoY.
  • Earnings per share for the year printed at 3.16 kobo per share compared to 2 kobo per share. -58% YoY.
  • Coronation is yet to publish any detail on proposed dividends.
  • The company share price of N0.59 as of when the result was released. +33% YTD.

See link to results

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