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CORNERSTONE INSURANCE
The Nigerian All-Share Index opened October on a positive note, closing the first trading session of the month in the green.
Vest Acquico Limited has taken its battle for control of Cornerstone Insurance to the Securities and Exchange Commission (SEC).
Cornerstone Insurance has emerged as one of the standout performers in the Nigerian insurance sector, with its share price gaining 79.29% year-to-date (YtD) as of September 28, 2024.
This week started on a bearish note in the NGX as the market posted a 0.89% decline to close with an All-Share Index of 98,703.68 points, marking a 883.57-point decline from last Friday’s 99,587.25 points.
Making the most profits doesn’t necessarily equate to being the most profitable because profitability is beyond how much financial gains a company records, it is essentially a measure of how efficiently a company is run.
In the first half of 2023, Nigeria's leading insurance firms grappled with a surge in net claims payments, amounting to N49.158 billion.
Leading insurance companies in Nigeria paid N129.93 billion in net claims in 2022, compared to N109.63 billion in 2021.
Despite challenges, some insurance companies in Nigeria are leading in terms of market capitalization
Nigeria's inflationary environment heightened the challenges faced by insurance companies
Net claims rose by 75.28% compared to half-year 2021
Analysis by Nairametrics has shown that a total of five Nigerian insurers namely; NEM Insurance, AIICO Insurance, Cornerstone...
Cornerstone Insurance Plc released its earnings forecasts for the fourth quarter of the year (Q4, 2021). Gross premium...