Cornerstone Insurance Plc (NGX: CORNERST)
Nigeria
· Delayed Price · Currency is NGN 2.500
+0.170 (7.30%)
At close: Sep 13, 2024
Cornerstone Insurance Income Statement
Financials in millions NGN. Fiscal year is January - December.
Millions NGN. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | 2018 - 2014 |
|---|---|---|---|---|---|---|---|
Period Ending | Jun '24 Jun 30, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | Dec '19 Dec 31, 2019 | 2018 - 2014 |
| Premiums & Annuity Revenue | 33,206 | 25,914 | 20,484 | 8,666 | 5,603 | 6,589 | Upgrade
|
| Total Interest & Dividend Income | 697.2 | 1,595 | 1,288 | 1,643 | 1,416 | 1,128 | Upgrade
|
| Gain (Loss) on Sale of Investments | 4,083 | 4,083 | 83.54 | -817.66 | 1,220 | 1,693 | Upgrade
|
| Other Revenue | 382.76 | 382.76 | 319.16 | 2,228 | 1,618 | 1,172 | Upgrade
|
| Total Revenue | 38,368 | 31,974 | 22,175 | 11,720 | 9,857 | 10,582 | Upgrade
|
| Revenue Growth (YoY) | 35.34% | 44.19% | 89.21% | 18.89% | -6.85% | 43.17% | Upgrade
|
| Policy Benefits | 18,911 | 13,832 | 12,659 | 2,595 | 3,955 | 3,069 | Upgrade
|
| Policy Acquisition & Underwriting Costs | 4,278 | 4,278 | 2,773 | 2,963 | 1,883 | 1,972 | Upgrade
|
| Amortization of Goodwill & Intangibles | - | - | - | 13.41 | 16.93 | 22.37 | Upgrade
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| Depreciation & Amortization | - | - | - | 198.94 | 219.29 | 161.45 | Upgrade
|
| Selling, General & Administrative | 10,178 | 9,806 | 6,715 | 42.76 | 32.81 | 64.81 | Upgrade
|
| Provision for Bad Debts | - | - | - | - | -4.12 | - | Upgrade
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| Other Operating Expenses | 4,431 | 4,431 | 193.37 | 1,425 | 1,343 | 1,310 | Upgrade
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| Total Operating Expenses | 37,692 | 32,240 | 22,500 | 9,482 | 9,315 | 8,397 | Upgrade
|
| Operating Income | 676.62 | -265.68 | -324.72 | 2,237 | 542.48 | 2,185 | Upgrade
|
| Earnings From Equity Investments | 0.36 | 0.36 | - | 95.23 | -283.01 | 1,586 | Upgrade
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| Currency Exchange Gain (Loss) | 31,395 | 17,318 | 606.36 | 1,386 | 1,350 | 67.31 | Upgrade
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| Other Non Operating Income (Expenses) | -70.58 | -70.42 | 51.44 | -0.61 | 125.67 | -253.12 | Upgrade
|
| EBT Excluding Unusual Items | 32,001 | 16,982 | 333.07 | 3,718 | 1,735 | 3,586 | Upgrade
|
| Merger & Restructuring Charges | - | - | - | - | - | -3.74 | Upgrade
|
| Gain (Loss) on Sale of Assets | 13.88 | 13.88 | 0.05 | 0.14 | -9.58 | -0.46 | Upgrade
|
| Asset Writedown | 85 | 85 | 55 | 23 | 42 | 28 | Upgrade
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| Other Unusual Items | - | - | - | - | - | 404.42 | Upgrade
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| Pretax Income | 32,100 | 17,081 | 388.13 | 3,741 | 1,767 | 4,014 | Upgrade
|
| Income Tax Expense | 186.06 | 3,243 | 371.74 | 205.07 | -427.76 | -95.18 | Upgrade
|
| Earnings From Continuing Ops. | 31,914 | 13,839 | 16.39 | 3,536 | 2,195 | 4,109 | Upgrade
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| Minority Interest in Earnings | -471.97 | -137.33 | -16.32 | -24.72 | -13.78 | -40.19 | Upgrade
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| Net Income | 31,442 | 13,701 | 0.07 | 3,511 | 2,181 | 4,069 | Upgrade
|
| Net Income to Common | 31,442 | 13,701 | 0.07 | 3,511 | 2,181 | 4,069 | Upgrade
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| Net Income Growth | 223.69% | 21079024.62% | -100.00% | 60.99% | -46.39% | 37.07% | Upgrade
|
| Shares Outstanding (Basic) | 17,968 | 18,032 | 18,032 | 18,032 | 18,050 | 18,050 | Upgrade
|
| Shares Outstanding (Diluted) | 17,968 | 18,032 | 18,032 | 18,032 | 18,050 | 18,050 | Upgrade
|
| Shares Change (YoY) | -0.39% | - | - | -0.10% | - | 0.01% | Upgrade
|
| EPS (Basic) | 1.75 | 0.76 | 0.00 | 0.19 | 0.12 | 0.23 | Upgrade
|
| EPS (Diluted) | 1.75 | 0.76 | 0.00 | 0.19 | 0.12 | 0.23 | Upgrade
|
| EPS Growth | 224.96% | 25327700.00% | -100.00% | 61.14% | -46.39% | 37.06% | Upgrade
|
| Free Cash Flow | 4,644 | 3,750 | 1,953 | 464.59 | 1,634 | -674.41 | Upgrade
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| Free Cash Flow Per Share | 0.26 | 0.21 | 0.11 | 0.03 | 0.09 | -0.04 | Upgrade
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| Dividend Per Share | 0.160 | 0.160 | 0.060 | 0.050 | - | - | Upgrade
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| Dividend Growth | 166.67% | 166.67% | 20.00% | - | - | - | Upgrade
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| Operating Margin | 1.76% | -0.83% | -1.46% | 19.09% | 5.50% | 20.65% | Upgrade
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| Profit Margin | 81.95% | 42.85% | 0.00% | 29.96% | 22.13% | 38.45% | Upgrade
|
| Free Cash Flow Margin | 12.10% | 11.73% | 8.81% | 3.96% | 16.57% | -6.37% | Upgrade
|
| EBITDA | 974.61 | -7.79 | -117.57 | 2,450 | 715.59 | 2,369 | Upgrade
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| EBITDA Margin | 2.54% | -0.02% | -0.53% | 20.90% | 7.26% | 22.38% | Upgrade
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| D&A For EBITDA | 297.99 | 257.89 | 207.15 | 212.35 | 173.12 | 183.82 | Upgrade
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| EBIT | 676.62 | -265.68 | -324.72 | 2,237 | 542.48 | 2,185 | Upgrade
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| EBIT Margin | 1.76% | -0.83% | -1.46% | 19.09% | 5.50% | 20.65% | Upgrade
|
| Effective Tax Rate | 0.58% | 18.98% | 95.78% | 5.48% | - | - | Upgrade
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Source: S&P Capital IQ. Insurance template. Financial Sources.