Lagos, Nigeria – Coronation Insurance Plc has announced its audited financial results for the year ending December 31, 2025, reporting a pretax profit of N9.65 billion (approximately $6.17 million), reflecting a 30.4 percent decrease from N13.81 billion in 2024.
Okay News reports that the company delivered strong performance on the revenue front, with insurance revenue growing by 51.4 percent to N74.83 billion, up from N49.47 billion in 2024. The profit decline was primarily due to the absence of a net foreign exchange gain in 2025, compared to a significant gain of over N8 billion recorded in 2024.
The insurance service result after reinsurance contracts increased to N7.3 billion from N5.49 billion in 2024, driven by strong revenue generation. Investment income rose to N5.47 billion from N2.56 billion. Net insurance and investment revenue grew 149 percent to N17.68 billion.
The increase in insurance revenue was driven by robust growth in core insurance lines such as General Accident, Motor, and Fire insurance. The inclusion of Coronation Life Assurance’s product offerings, especially Annuity and Group Life, also significantly contributed to the revenue increase.
Total assets grew 28 percent to N98.1 billion, primarily driven by an increase in financial assets at fair value through profit or loss. Shareholders’ funds rose 22 percent to N48.49 billion from N39.76 billion in 2024.
Profit after tax declined to N7.52 billion from N11.91 billion, while earnings per share fell to 31 kobo from 50 kobo. The stock closed on Thursday, April 2, 2026, at N3.19 per share, a 6.3 percent gain over its previous close.
, reflecting a 30.4 percent decrease from N13.81 billion in 2024.){kind=link}