Coronation Insurance Plc has reported a 51% surge in insurance revenue for the year ended December 31, 2025, driven by strong underwriting performance across its Nigeria and Ghana operations.
According to its audited financial results filed with the Nigerian Exchange, the Group’s insurance service result more than doubled to N10.57 billion from N5.49 billion in 2024, reflecting significant growth in its core business.
Despite the strong top-line performance, profit before tax declined to N9.65 billion, down from N13.81 billion in the previous year. The drop was attributed to reduced investment income and rising operating costs amid a challenging economic environment.
The company noted that net investment income was impacted by lower foreign exchange gains and changes in its investment portfolio, resulting in a 19% decline at the Group level and a sharper 75% drop at the company level.
Operating expenses also increased by 29%, although management stated it is implementing measures to optimise costs and improve value creation.
To maintain stability, Coronation Insurance focused on highly liquid assets, including term deposits, equities, and debt instruments. By the end of 2025, the Group held N18.26 billion in cash and cash equivalents, alongside N36.67 billion in debt instruments, underscoring a cautious but resilient financial strategy.
