Coronation Insurance Plc’s Q3 Results Signal Strategic Growth

Coronation Insurance Plc has published its unaudited financial statements for the third quarter ended September 30, 2025, revealing a profit after tax of ₦3.71 billion for the Group and ₦2.03 billion for the Company. This marks a significant recovery from the prior year, supported by strong insurance revenue and investment income.

Group insurance revenue rose to ₦51.18 billion, up from ₦34.16 billion in Q3 2024, while the Company recorded ₦33.89 billion, compared to ₦25.18 billion in the same period last year. Investment income also improved, with the Group earning ₦3.68 billion and the Company ₦1.01 billion.

Total assets for the Group increased to ₦103.1 billion from ₦76.8 billion at year-end 2024. Shareholders’ equity grew to ₦44.82 billion, reflecting retained earnings and other reserves. The Company’s total assets stood at ₦52.82 billion, with equity at ₦28.65 billion.

The Group’s insurance service result rebounded to ₦8.92 billion, compared to a loss of ₦485 million in Q3 2024. Net insurance and investment results reached ₦10.73 billion, while operating profit came in at ₦3.98 billion.

The financial statements were certified by Managing Director Olamide Olajolo and Chief Financial Officer Joshua Ojumoro, affirming the integrity of the disclosures and the effectiveness of internal controls.

Coronation Insurance Plc continues to maintain compliance with regulatory standards and remains committed to delivering value to shareholders through strategic growth and operational efficiency.