Coronation Insurance Plc recorded a pretax profit of N9.65 billion for the year ended 31 December 2025, a 30.4% drop compared to N13.81 billion in 2024. Despite the decline in profitability, the company reported a significant increase in insurance revenue, which rose 51.4% to N74.83 billion from N49.47 billion the previous year. The growth in revenue was driven by expansion in both life and general insurance segments. Operating expenses increased during the period, contributing to the reduced profit margin. The company's full audited financial statements were released in line with regulatory requirements.
A 51.4% jump in insurance revenue while profits fall by over 30% suggests Coronation Insurance is prioritising market share over margins. For Nigerian policyholders, this could mean more competitive pricing and broader product access in the short term. However, sustained pressure on profitability may affect long-term service delivery and claims settlement capacity. The real test will be whether this growth strategy translates into lasting value or just higher premiums down the line.
