Coronation Insurance Plc has released its audited financial results for the year ended 31 December 2025, revealing a significant expansion in its top-line performance despite a volatile macroeconomic environment.
The Group’s insurance revenue grew by 51 per cent compared to the 2024 fiscal year, a surge driven by robust underwriting activities in its Nigeria and Ghana operations. This growth was mirrored in the insurance service result, which doubled to N10.57bn from N5.49bn in the previous year.
However, the bottom line felt the impact of shifting market dynamics. Profit Before Tax settled at N9.65bn, down from the N13.81bn recorded in 2024, largely due to a sharp contraction in investment income and rising operational costs.
According to the official filing submitted to the Nigerian Exchange, the management highlighted the following: “The Group reported profit before tax of N9.65bn for the year ended 31 December 2025, and insurance revenue grew 51 per cent compared to that of 2024.”
Addressing the core performance of the insurance business, the filing noted, “The Group reported an insurance service result of N10.57bn (2024: N5.49bn) and the Company reported an insurance service result of N6.72bn (2024: N2.41bn).”
On the challenges faced within the investment portfolio, which saw a 19 per cent dip in income for the Group and a 75 per cent drop for the Company, the report stated, “Net investment income… [was] impacted by a decrease in foreign exchange gain and attendant investment in investment securities during the year.”
Regarding the increase in administrative and operating expenses, which rose 29 per cent at the Group level, the company clarified its strategic response: “The Group has continued to put structures in place to ensure costs incurred are optimised and value created.”
Finally, emphasising the firm’s liquidity and defensive positioning, the filing confirmed, “The Group’s investment strategy during the year was underpinned by a focus on highly liquid financial instruments such as term deposits, equity, and debt instruments.”
As of year-end 2025, Coronation Insurance maintained a strong liquidity cushion with N18.26bn in cash and cash equivalents and a substantial N36.67bn exposure to debt instruments, signalling a cautious but stable approach to capital preservation in the coming year.
