Cornerstone Insurance is projecting a profit before tax of N4.82 billion for the first quarter (Q1) of 2026, supported by a stable environment, sustained investment income, and efficient service results.
According to the company’s disclosure on the Nigerian Exchange, the insurer posted an actual profit before tax of N1.86 billion in Q1 2025. The 2026 PBT projection, which is 158 percent higher than the Q1 2025 actual, signals management’s high expectations of profitability this year.
Insurance service expenses are forecast to surge to N10.49 billion in the reviewed period, compared with N7.45 billion in Q1 2025, an increase of 40.08 percent. Net expenses from reinsurance contracts held are estimated at N3.43 billion, resulting in an insurance service result of N5.02 billion, up from N3.27 billion in the corresponding period of 2025.