Coronation Insurance Reports ₦9.6bn FY2025 Profit on ₦71bn Revenue Growth
Coronation Insurance Plc has released its unaudited full-year results for the year ended 31 December 2025, posting a pre-tax profit of ₦9.66 billion on the back of robust revenue performance, according to filings on the Nigerian Exchange and company disclosures. The insurer’s total insurance revenue climbed sharply to ₦71.1 billion, up nearly 44 % from the prior year, highlighting strong underwriting activity amid a competitive market.
Despite the solid top-line growth, profitability metrics reveal some pressure on margins. Profit before tax declined about 30 % from ₦13.8 billion in 2024, while profit after tax dropped over 40 % year-on-year, reflecting rising claims and higher operating costs. Fourth-quarter profit eased to ₦5.2 billion from ₦6.2 billion in the corresponding period.
The performance was underpinned by a 28 % increase in premiums received, with gross written premiums rising to ₦69.4 billion, while gross claims paid surged more than 150 % to ₦17.7 billion, signalling heightened insurance activity and risk exposure in the period. Net insurance results were supported by investment income, although total investment and other income of ₦6.6 billion was lower than the prior year’s N11.2 billion.
On the balance sheet, Coronation Insurance strengthened its financial position with total assets growing to ₦102.8 billion, up nearly 34 %, mainly driven by financial assets and cash holdings. Total equity also expanded, rising over 20 % to ₦47.9 billion, while liabilities increased largely due to higher insurance contract obligations.
Market reaction to the results has been muted, with shares trading slightly lower in February, although year-to-date performance remains positive. Coronation’s results reflect both the resilience and challenges within Nigeria’s insurance sector, where strong revenue growth must be balanced against rising claims costs and investment headwinds.
Comments