Cornerstone Insurance Plc (NGX:CORNERST)
Nigeria · Delayed Price · Currency is NGN 5.83
+0.21 (3.74%)
At close: Feb 11, 2026
Cornerstone Insurance Income Statement
Financials in millions NGN. Fiscal year is January - December.
Millions NGN. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Premiums & Annuity Revenue | 52,949 | 38,669 | 25,914 | 20,484 | 8,666 |
Total Interest & Dividend Income | 7,521 | 5,355 | 2,222 | 1,288 | 1,643 |
Gain (Loss) on Sale of Investments | 903.3 | -2,062 | 529.08 | 83.54 | -817.66 |
Other Revenue | -239.58 | 453.29 | 382.76 | 319.16 | 2,228 |
| 61,133 | 42,416 | 29,048 | 22,175 | 11,720 | |
Revenue Growth (YoY) | 44.13% | 46.02% | 31.00% | 89.21% | 18.89% |
Policy Benefits | 22,519 | 26,870 | 17,543 | 12,659 | 2,595 |
Policy Acquisition & Underwriting Costs | 13,434 | 5,015 | 4,278 | 2,773 | 2,963 |
Amortization of Goodwill & Intangibles | 2.27 | 5.46 | 5.64 | - | 13.41 |
Depreciation & Amortization | 452.57 | 364.48 | 252.25 | - | 198.94 |
Selling, General & Administrative | 3,065 | 2,154 | 1,761 | 6,715 | 42.76 |
Other Operating Expenses | 4,941 | 5,361 | 4,735 | 193.37 | 1,425 |
Total Operating Expenses | 48,418 | 44,784 | 32,153 | 22,500 | 9,482 |
Operating Income | 12,716 | -2,368 | -3,105 | -324.72 | 2,237 |
Earnings From Equity Investments | - | - | 0.36 | - | 95.23 |
Currency Exchange Gain (Loss) | -3,580 | 30,832 | 20,244 | 606.36 | 1,386 |
Other Non Operating Income (Expenses) | -16.92 | 77.15 | -84.81 | 51.44 | -0.61 |
EBT Excluding Unusual Items | 9,119 | 28,541 | 17,055 | 333.07 | 3,718 |
Gain (Loss) on Sale of Assets | - | -4.73 | 13.88 | 0.05 | 0.14 |
Asset Writedown | - | 107 | 85 | 55 | 23 |
Other Unusual Items | -12.08 | -23.8 | -72.47 | - | - |
Pretax Income | 9,107 | 28,619 | 17,081 | 388.13 | 3,741 |
Income Tax Expense | 785.15 | 2,726 | 3,243 | 371.74 | 205.07 |
Earnings From Continuing Ops. | 8,322 | 25,894 | 13,839 | 16.39 | 3,536 |
Minority Interest in Earnings | -53.58 | -310.22 | -137.33 | -16.32 | -24.72 |
Net Income | 8,269 | 25,583 | 13,701 | 0.07 | 3,511 |
Net Income to Common | 8,269 | 25,583 | 13,701 | 0.07 | 3,511 |
Net Income Growth | -67.68% | 86.72% | 21079026.15% | -100.00% | 60.99% |
Shares Outstanding (Basic) | 18,032 | 18,032 | 18,032 | 18,032 | 18,032 |
Shares Outstanding (Diluted) | 18,032 | 18,032 | 18,032 | 18,032 | 18,032 |
Shares Change (YoY) | - | - | - | - | -0.10% |
EPS (Basic) | 0.46 | 1.42 | 0.76 | 0.00 | 0.19 |
EPS (Diluted) | 0.46 | 1.42 | 0.76 | 0.00 | 0.19 |
EPS Growth | -67.68% | 86.72% | 25327700.00% | -100.00% | 61.14% |
Free Cash Flow | 3,700 | 1,017 | 3,815 | 1,953 | 464.59 |
Free Cash Flow Per Share | 0.20 | 0.06 | 0.21 | 0.11 | 0.03 |
Dividend Per Share | - | 0.270 | 0.160 | 0.060 | 0.050 |
Dividend Growth | - | 68.75% | 166.67% | 20.00% | - |
Operating Margin | 20.80% | -5.58% | -10.69% | -1.46% | 19.09% |
Profit Margin | 13.53% | 60.31% | 47.17% | 0.00% | 29.96% |
Free Cash Flow Margin | 6.05% | 2.40% | 13.13% | 8.81% | 3.96% |
EBITDA | 13,171 | -1,998 | -2,847 | -117.57 | 2,450 |
EBITDA Margin | 21.54% | -4.71% | -9.80% | -0.53% | 20.90% |
D&A For EBITDA | 454.84 | 369.94 | 257.89 | 207.15 | 212.35 |
EBIT | 12,716 | -2,368 | -3,105 | -324.72 | 2,237 |
EBIT Margin | 20.80% | -5.58% | -10.69% | -1.46% | 19.09% |
Effective Tax Rate | 8.62% | 9.53% | 18.98% | 95.78% | 5.48% |
Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.