Cornerstone Insurance Plc, one of Nigeria’s leading and most trusted insurers, has been named Best Insurance Company – Shareholder Returns at the 2025 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, held on Saturday, October 11, 2025, at the Lagos Continental Hotel, Victoria Island.
The award recognises Cornerstone Insurance’s consistent financial performance, strong corporate governance, and commitment to delivering sustainable value to shareholders through prudent management and innovative business practices.
Receiving the award, Mr. Stephen Alangbo, Group Managing Director and Chief Executive Officer of Cornerstone Insurance Plc, dedicated the honour to the company’s shareholders, clients, and employees.
“This award reflects the confidence of our shareholders, the loyalty of our clients, and the dedication of our employees,” said Mr. Alangbo. “We remain committed to delivering exceptional value to all stakeholders. As we build on our strong foundation, this recognition motivates us to continue setting new standards in the Nigerian insurance industry.”
Organised annually by BusinessDay, the BAFI Awards celebrate excellence across Nigeria’s financial services industry, spotlighting institutions that exemplify performance, transparency, and leadership.
This latest accolade reaffirms Cornerstone Insurance’s reputation as a pioneer in customer-centric solutions, renowned for its innovation, profitability, and consistent shareholder returns.
Licensed and re-certified by the National Insurance Commission (NAICOM), Cornerstone offers both general and life insurance services. It was the first Nigerian insurer to introduce an online platform for seamless insurance transactions, leveraging cutting-edge technology to provide customers with easy access via web and mobile channels.
“At Cornerstone, our core values—integrity, empathy, professionalism, innovation, and team spirit—guide everything we do,” the company said in a statement. “Our mission is to deliver value beyond expectations through need-based products and exceptional service.”
