By David Akinmola
Underwriting firm, Cornerstone Insurance Plc has posted an impressive financial performance for the second quarter of 2025, recording a 253 per cent surge in profit before tax to N5.3 billion, up from N1.5 billion in the first quarter.
According to the unaudited results published on the Nigerian Exchange Limited, the composite insurer also grew its insurance revenue to 19.3 billion in Q2, representing a 127 per cent increase compared to N8.5 billion recored in Q1 2025.
Commenting on the results, Managing Director/Chief Executive Officer, Stephen Alangbo, said the strong performance underscores customer confidence, operational efficiency, and the company’s long-term strategic focus.
“These numbers reflect more than just financial growth, they represent the trust our customers continue to place in us, the commitment of our people, and the strength of vision,” Alangbo stated.”At Cornerstone, we are building a future-ready business, one that stays relevant to the evolving needs of indiduals, families, and businesses across Nigeria. As we double down on digital innovation, claims efficiency, and customer experience, this performance energises us to keep raising the bar.”
As a composite insurance provider licensed and recertified by the National Insurance Commission (NAICOM) to offer both general and life insurance products, Cornerstoner has leveraged technology to enhance insurance access and speed up claims processing.
The company said its strong second-quarter performance was driven by strategic investment in people, processes, and digital platforms, which improved risk management and financial resilience amid a dynamic operating environment.
Group Head, Marketing and Corporate Communication, Cordelia Ekeocha, added that the results reaffirm Cornerstoner’s customer-first approach and commitment to simplifying insurance for Nigerians.
“This performance is proof that we are not just selling policies, we’re delivering peace of mind every day,” Ekeocha said. “Our customers are at the heart of everything we do, and it’s their continued confidence that drives our creativity and passion. As we grow, we remain committed to making insurance accessible, relevant, and reliable for every Nigerian.”
With its Q2 resultsm Cornerstone Insurance has reinforced its leadership in Nigeria’s insurance market while maintaining best practices in governance and transparency. The company said remains focused on innovation, superior customer service, and sustainable growth as it navigates the evolving financial landscape.
