Cornerstone Insurance sees 253% Q2 profit surge
Cornerstone Insurance Plc has announced its unaudited financial results for the first and second quarters of 2025, revealing a 253 per cent jump in profit before tax for Q2 to N5.3bn from N1.5bn in Q1.
According to the results published on the Nigerian Exchange Limited, the company recorded insurance revenue of N19.3bn in Q2 2025, a 127 per cent increase when compared to N8.5bn in Q1 2025.
In a statement on the results, the Managing Director/Chief Executive Officer of Cornerstone Insurance Plc, Mr Stephen Alangbo, said, “These numbers reflect more than just financial growth; they represent the trust our customers continue to place in us, the commitment of our people, and the strength of our vision. At Cornerstone, we are building a future-ready business, one that stays relevant to the evolving needs of individuals, families, and businesses across Nigeria. As we double down on digital innovation, claims efficiency, and customer experience, this performance energises us to keep raising the bar.”
As a composite insurance provider licensed and recertified by NAICOM to offer both general and life insurance products and services. Cornerstone has also deployed digital tools to simplify insurance access and speed up claims processing.
Throughout the first half of 2025, the company noted that its investment in people, processes, and platforms paid off, showcasing a forward-thinking approach to risk management and financial stewardship, even in a dynamic operating environment.
In her remarks, Group Head, Marketing & Corporate Communications, Cordelia Ekeocha, noted, “This performance is proof that we’re not just selling policies; we’re delivering peace of mind every day. Our customers are at the heart of everything we do, and it’s their continued confidence that drives our creativity and passion. As we grow, we remain committed to simplifying insurance and making it accessible, relevant, and reliable for every Nigerian.”
Cornerstone Insurance Plc remains committed to best practices in governance and financial reporting. With its Q2 results, the firm not only demonstrates resilience but also reinforces its leadership position in the Nigerian insurance industry.
With momentum building from a strong first half, Cornerstone said that it is poised for sustained growth in the remainder of the year. The company is focused on delivering new retail solutions, expanding reach across underserved markets, and deepening its social impact through inclusive insurance offerings and corporate social responsibility.
