Cornerstone Insurance Plc (NGX:CORNERST)

Cornerstone Insurance Balance Sheet

Financials in millions NGN. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Investments in Debt Securities	577.53	31,414	42,826	27,963	11,928	6,290
Investments in Equity & Preferred Securities	10,311	6,049	4,263	2,696	1,502	1,448
Policy Loans	184.6	184.6	148.74	134	137.05	293.28
Other Investments	5,123	4,745	6,703	2,821	1,948	1,468
Total Investments	103,251	90,006	77,244	45,228	24,179	19,189
Cash & Equivalents	13,893	24,170	24,061	19,217	10,886	14,402
Reinsurance Recoverable	16,584	16,143	12,834	10,484	8,039	4,928
Other Receivables	4,772	1,181	1,233	1,262	952.12	994.27
Deferred Policy Acquisition Cost	-	-	-	-	-	853.73
Property, Plant & Equipment	5,735	5,968	4,323	3,731	2,978	1,838
Other Intangible Assets	7.9	10.53	15.17	8.06	6.27	11.81
Other Current Assets	1,681	1,320	587.88	515.78	429.29	5,022
Long-Term Deferred Tax Assets	-	-	-	861.21	861.21	861.21
Other Long-Term Assets	4,200	2,236	1,202	1,200	1,200	1,200
Total Assets	150,124	141,034	121,501	82,509	49,531	49,301

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	-	-	-	38.3	96.82	71.09
Accrued Expenses	2,455	2,348	3,725	2,183	721.57	631.87
Insurance & Annuity Liabilities	42,830	42,561	27,430	25,892	26,323	3,151
Unpaid Claims	17,970	15,963	20,100	12,879	-	9,029
Unearned Premiums	683.59	2,130	1,185	1,480	2,226	10,990
Reinsurance Payable	811.39	1,219	1,232	-	243.17	247.52
Current Income Taxes Payable	1,715	801.78	925.42	599.63	462.9	475.58
Long-Term Deferred Tax Liabilities	1,208	1,252	4,520	3,235	331.6	88.03
Other Current Liabilities	383.74	1,473	1,634	1,482	211.64	410.1
Other Long-Term Liabilities	851.7	425.43	253.28	800.15	668.58	3,735
Total Liabilities	68,908	68,174	61,004	48,590	31,285	28,829

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	9,083	9,083	9,083	9,083	9,083	9,083
Additional Paid-In Capital	183.17	183.17	183.17	183.17	183.17	183.17
Retained Earnings	56,750	51,485	44,633	21,957	8,255	10,591
Treasury Stock	-67.13	-67.13	-67.13	-67.13	-67.13	-67.13
Comprehensive Income & Other	14,365	11,202	5,885	2,301	477.97	387.89
Total Common Equity	80,314	71,886	59,717	33,457	17,932	20,178
Minority Interest	901.65	973.99	779.52	461.59	312.93	294.27
Shareholders' Equity	81,215	72,860	60,497	33,919	18,245	20,472
Total Liabilities & Equity	150,124	141,034	121,501	82,509	49,531	49,301

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Filing Date Shares Outstanding	18,032	18,039	18,039	18,039	18,039	18,039
Total Common Shares Outstanding	18,032	18,039	18,039	18,039	18,039	18,039
Net Cash (Debt)	13,893	24,170	24,061	19,217	10,886	14,402
Net Cash Growth	-42.47%	0.45%	25.20%	76.54%	-24.42%	23.49%
Net Cash Per Share	0.77	1.34	1.33	1.07	0.60	0.80
Book Value Per Share	4.45	3.99	3.31	1.85	0.99	1.12
Tangible Book Value	80,306	71,876	59,702	33,449	17,926	20,166
Tangible Book Value Per Share	4.45	3.98	3.31	1.85	0.99	1.12
Land	3,356	3,356	2,525	2,100	1,884	1,266
Buildings	1,298	1,298	1,024	898.54	651.5	587.11
Machinery	3,194	3,563	2,670	2,357	1,888	1,677
Leasehold Improvements	64.88	64.88	64.88	64.88	64.88	64.88

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 15, 2026

Data Sources Report a data error