2021 Q1 Results: Cornerstone Insurance Plc grows profit by 39% to N658.15 million.

Cornerstone Insurance Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net premium earned during the period was N2.82 billion. (+97.7% YoY)
  • Total claims paid during the period was N1.3 billion (+20.01% YoY)
  • Underwriting profit of N1.49 billion. (+566.6% YoY)
  • Personnel expenses totalled N598.25 million. (+33.3% YoY)
  • Profit after tax was N658.15 million. (+38.5% YoY)

See link to results.

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