2020 FY Results: Coronation Insurance Plc profit after tax surge by 461% to N1.2 billion.

Coronation Insurance Plc released its audited full-year results for the period ended 31st of December 2020.

  • Net premium income for the year was N7.4 billion. (-5.8% YoY)
  • Fee and commission income was N2.11 billion. (+26.7% YoY)
  • Total claims paid during the period was N6.91 billion (+69.5% YoY)
  • Underwriting profit of N3.29 billion.(+12.5% YoY)
  • Expenses for the period totalled N5.43 billion. (+1.3% YoY)
  • Profit after tax was N1.2 billion. (+460.9% YoY).
  • Earnings per share of 7 kobo Vs 2 kobo YoY.

See link to results.

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