Coronation Insurance Plc has released its unaudited financial results for the year ended 31 December 2025, showcasing a resilient performance despite a slight dip in pre-tax profit compared to the previous year. The company reported a pre-tax profit of N9.66 billion.

While this figure represents a solid achievement for the group, it indicates a decline from the N13.8 billion recorded in the previous year, with fourth-quarter profit easing from N6.2 billion to N5.2 billion.

The full-year and fourth-quarter results were bolstered by robust insurance revenue, which surged to N71.1 billion for the year, reflecting a substantial 43.77% year-on-year increase.

In 2025, the insurer generated N69.4 billion in received premiums, up 28.35%. However, ‘gross claims paid’ surged significantly by 153.75% to N17.7 billion, signaling heightened insurance activity.

The company’s financial statements reveal that the full-year insurance revenue of N71.1 billion, representing a 43.77% year-on-year increase, was primarily driven by contracts measured under the Premium Allocation Approach.

Concurrently, insurance service expenses rose to N44.9 billion from N27.1 billion in the prior year, largely due to increased incurred claims and the amortization of insurance acquisition cash flows.

Beyond its underwriting activities, investment income saw a substantial increase of 150.11% to N6.39 billion, although total investment results amounted to N6.6 billion, lower than the N11.2 billion recorded in 2024, which was attributed to negative other operating income.

Net insurance finance expenses widened to N2.24 billion from N93.84 million, resulting in net insurance and investment results of N15.3 billion.

Analyzing the balance sheet, total assets increased to N102.81 billion, primarily consisting of financial assets valued at N42.2 billion, cash and cash equivalents of N17.5 billion, and investment in associates of N17.5 billion.

Conversely, total liabilities rose to N54.8 billion from N37 billion, mainly due to higher insurance contract liabilities. Total equity stood at N47.9 billion, up 20.70%, supported by retained earnings of N15.9 billion.

Coronation Insurance shares have exhibited limited movement following the release of these results, experiencing a slight decrease of 1.69% month-to-date in February. However, they are up 7.69% year-to-date, currently priced at N3.50 per share.