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Cornerstone Insurance Plc (Nigeria)

Main Activities: Direct Life Insurance Carriers
Secondary Activities: Direct Property and Casualty Insurance Carriers
Full name: Cornerstone Insurance Plc Profile Updated: December 12, 2025
Buy our report for this company USD 29.95 Most recent financial data: 2024 Available in: English Download a sample report

Cornerstone Insurance Co Plc is a Nigeria-based company, engaged in the provision of life and non-life insurance services. It provides mortgage protection plans, group life assurance, term assurance, fire and special perils insurance, workmen’s compensation policy, as well as product liability, travelers, personal accident and sickness insurance, among others. The Company also provides financial services and offers project financing, local purchase order financing and other credit products. Cornerstone Insurance Co Plc operates through three subsidiary companies: Cornerstone Financial Services, Cornerstone Asset Management Limited and Cornerstone Leasing & Investment Limited.

Headquarters
21 Water Corporation Drive, Off Ligali Ayorinde St., Victoria Island, P.O. Box 75370
Lagos; Lagos;

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Website: http://www.cornerstone.com.ng

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
January 13, 1991
Key Executives
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Chairman
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Director / Member of the Management Board
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Chief Executive Officer
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Chief Financial Officer
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Outside Director
Ownership Details
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Subsidiaries
Cornerstone Leasing And Investment Limited
100%
Hilal Takaful Nigeria Limited
100%
Fin Insurance Company Limited
96.68%
Company Performance
Financial values in the chart are available after Cornerstone Insurance Plc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency NGN. Absolute financial data is included in the purchased report.
Net insurance premium revenue
-59.26%
Operating profit (EBIT)
N/A
Net Profit (Loss) for the Period
-66.78%
Total Assets
17.61%
Investments
-96.62%
Receivables
71.55%
Total Equity
15.49%
Net Premiums Earned Trend
N/A
Net Profit Trend
N/A
Return on Equity (ROE)
-29.69%
Underwriting Expenses Ratio
10.7%

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