2020 FY Results: Cornerstone Insurance Plc reports a 61.1% decline in profit

Cornerstone Insurance Plc has released its full-year results for the year ended December 2020.

• Net premium income of N5.88 billion.(-10.7% YoY)
• Profit before Tax was N1.67 billion. (-58.5% YoY)
• Net claims for the year was N3.47 billion (+13.2% YoY)
• Underwriting profit was N1.93 billion (-27.6% YoY)
• Profit for the year was N1.6 billion. (-61.1% YoY)
• Earnings per share printed at 11 kobo. (-60.7% YoY)
• A dividend of 45 kobo was declared.

See link to the result