Skip to content
The African Exponent DATA
Resources

Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Coronation Insurance

WAPIC · Nigerian Exchange · Consolidated statements

On this page
Company details
Legal name
Coronation Insurance Plc
Listing
WAPIC on the Nigerian Exchange, active · ISIN NGWAPIC00004 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, signed / final · source

  • Insurance revenue (IFRS 17)

    NGN 74.8 billion

    74,827,775 NGN thousands · p88

    +51.2% vs 2024

    IFRS 17 insurance revenue, as printed: not gross written premiums.

  • Insurance service result

    NGN 10.6 billion

    10,569,645 NGN thousands · p88

    +92.6% vs 2024

  • Profit / (loss) for the year

    NGN 7.52 billion

    7,515,268 NGN thousands · p88

    −36.9% vs 2024

  • Total assets

    NGN 98.1 billion

    98,099,851 NGN thousands · p87

    +27.7% vs 2024

  • Insurance contract liabilities

    NGN 33.6 billion

    33,578,656 NGN thousands · p87

    +49.6% vs 2024

  • Total equity

    NGN 48.5 billion

    48,492,187 NGN thousands · p87

    +22.0% vs 2024

Large amounts are rounded for reading (NGN million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in NGN thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, NGN thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Insurance revenue 74,827,775 49,473,986
Insurance service expenses (50,658,846) (27,196,020)
Insurance service result before reinsurance contracts held1 24,168,929 22,277,966
Net expenses from reinsurance contracts held (13,599,284) (16,790,848)
Insurance service result 10,569,645 5,487,118
Investment income2 5,474,503 2,555,241
Net gain on financial asset through profit or loss 1,010,168 –3
Profit on investment contracts4 1,122,677 312,931
Fair value gain on investment properties5 1,507 934
Net credit impairment writeback/(losses) 1,985,471 (1,157,449)
Net Investment Income6 9,594,326 1,711,657
Net finance (expenses)/income from insurance contracts issued (2,871,103) 127,537
Net finance income/(expenses) from reinsurance contracts held7 381,687 (221,374)
Net insurance finance expenses (2,489,416) (93,837)
Net Insurance and Investment Result 17,674,555 7,104,939
Other operating Income (1,294,403) 8,476,217
Net monetary gain on hyperinflation8 –9 1,101,745
Other operating expenses (Non attributable) (7,136,541) (5,912,991)
Share of profit of associate 405,965 3,041,351
Profit before tax 9,649,576 13,811,261
Income tax expense (2,134,308) (1,900,415)
Profit for the year 7,515,268 11,910,845
Foreign currency translation difference of foreign operations10 2,187,097 1,625,879
Net fair value gains/(losses) on fixed income securities at fair value through other comprehensive income (OCI) net of tax11 222,850 (138,968)
Net changes in ECL allowance on fixed income securities at fair value through other comprehensive income12 77,269 (12,167)
Fair value of FVOCI financial instrument reclassified to P or L13 (309,876) (160,316)
Share of other comprehensive income/(loss) of associates14 (765,055) (117,929)
Revaluation surplus on land and building15 –16 2,101,933
Fair value changes in equity securities during the year net of tax17 (194,504) 163,621
Other comprehensive income for the year net of tax 1,217,780 3,462,052
Total comprehensive income for the year 8,733,048 15,372,897
  1. Printed “-”, read as nil: subtotal_arithmetic: is.investment_return.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.profit_before_tax.
  3. Printed “-”, read as nil: subtotal_arithmetic: is.other_comprehensive_income.
Notes and alternative reported figures (14)
  1. “Insurance service result before reinsurance contracts held” is an issuer-specific line, not mapped to a shared definition: Printed subtotal.
  2. “Investment income” is an issuer-specific line, not mapped to a shared definition: Note 37(a): interest and dividend income.
  3. “Profit on investment contracts” is an issuer-specific line, not mapped to a shared definition: Note 37(b).
  4. “Fair value gain on investment properties” is an issuer-specific line, not mapped to a shared definition: Note 37(c).
  5. “Net Investment Income”: mapping to a shared definition is uncertain. Printed 'Net Investment Income': investment income, fair value gains, profit on investment contracts and the net credit impairment writeback/(losses) (p88).
  6. “Net finance income/(expenses) from reinsurance contracts held” is an issuer-specific line, not mapped to a shared definition: Note 36.
  7. “Net monetary gain on hyperinflation” is an issuer-specific line, not mapped to a shared definition: Note 38(a): hyperinflation adjustment of the Ghana subsidiary; printed '-' for 2025.
  8. “Foreign currency translation difference of foreign operations” is an issuer-specific line, not mapped to a shared definition: OCI item that may be reclassified.
  9. “Net fair value gains/(losses) on fixed income securities at fair value through other comprehensive income (OCI) net of tax” is an issuer-specific line, not mapped to a shared definition: OCI item that may be reclassified.
  10. “Net changes in ECL allowance on fixed income securities at fair value through other comprehensive income” is an issuer-specific line, not mapped to a shared definition: OCI item that may be reclassified.
  11. “Fair value of FVOCI financial instrument reclassified to P or L” is an issuer-specific line, not mapped to a shared definition: OCI reclassification adjustment.
  12. “Share of other comprehensive income/(loss) of associates” is an issuer-specific line, not mapped to a shared definition: OCI item that may be reclassified.
  13. “Revaluation surplus on land and building” is an issuer-specific line, not mapped to a shared definition: OCI item not reclassified; printed '-' for 2025.
  14. “Fair value changes in equity securities during the year net of tax” is an issuer-specific line, not mapped to a shared definition: OCI item not reclassified.

Balance sheet

Balance sheet, NGN thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Cash and cash equivalents 18,211,449 14,885,569
Financial assets at fair value through profit or loss 9,358,482 –1
Financial assets at fair value through OCI 12,426,596 17,886,367
Financial assets at amortised cost 18,596,679 11,558,593
Premium receivables2 1,798,383 27,334
Reinsurance contract assets 7,928,456 5,916,984
Other receivables & prepayments3 7,333,167 1,500,128
Investment properties 410,000 8,493
Investment in associates 10,048,118 13,647,583
Intangible assets 2,651,660 2,823,130
Property and Equipment 6,603,243 6,590,526
Right of use asset 910,296 972,110
Deferred tax asset –1 29,416
Statutory deposit4 1,823,322 951,423
Total Assets 98,099,851 76,797,656
Insurance contract liabilities 33,578,656 22,443,627
Reinsurance contract liabilities –5 4,233
Investment contract liabilities 9,168,130 4,314,872
Other payables6 2,850,341 3,325,205
Lease liabilities7 554,740 756,871
Other technical liabilities8 457,396 4,230,574
Deferred tax liabilities 946,453 837,580
Income tax payable 2,051,948 1,125,556
Total Liabilities 49,607,664 37,038,518
Share capital 11,995,952 11,995,952
Share premium 4,612,938 4,612,938
Contingency reserves9 6,623,608 5,076,388
Other reserves 9,761,722 8,276,842
Retained Earnings/(Accumulated losses) 15,497,967 9,797,018
Total Equity 48,492,187 39,759,138
TOTAL EQUITY & LIABILITIES 98,099,851 76,797,656
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.total_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.total_liabilities.
Notes and alternative reported figures (7)
  1. “Premium receivables” is an issuer-specific line, not mapped to a shared definition: Note 10: insurance premium receivables.
  2. “Other receivables & prepayments” is an issuer-specific line, not mapped to a shared definition: Note 12.
  3. “Statutory deposit” is an issuer-specific line, not mapped to a shared definition: Note 19: deposit with the Central Bank of Nigeria required by insurance regulation.
  4. “Other payables” is an issuer-specific line, not mapped to a shared definition: Note 23.
  5. “Lease liabilities” is an issuer-specific line, not mapped to a shared definition: Note 25: lease liabilities (current and non-current not separated).
  6. “Other technical liabilities” is an issuer-specific line, not mapped to a shared definition: Note 24a: premium received in advance.
  7. “Contingency reserves” is an issuer-specific line, not mapped to a shared definition: Note 30: statutory contingency reserve of an insurer.

Cash flow

Cash flow, NGN thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Premiums received1 76,341,331 54,109,236
Fees and commission received2 16,290,363 5,451,206
Acquisition cashflow3 (16,760,882) (8,698,803)
Reinsurance premiums paid4 (31,581,900) (22,597,052)
Gross claims paid to policy holders5 (32,321,359) (6,976,934)
Other directly attributable expenses6 (3,416,519) (10,642,090)
Reinsurance recoveries on claims7 1,689,294 1,030,033
Other operating cash payments8 (7,957,070) (4,368,014)
Other operating cash receipts9 5,551,341 8,476,023
Receipts from Investment contract10 7,932,110 3,074,990
Payments to Investment contract11 (3,474,617) (1,404,230)
Premium received in advance12 457,396 4,230,574
Tax paid (1,081,775) (358,712)
Net cashflows generated from/(used in) operating activities 11,667,712 21,326,227
Purchases of property and equipment (1,213,117) (970,169)
Purchases of intangible assets (289,044) (1,448,827)
Prepayment of right of use assets13 (252,581) (246,281)
purchase of Investment Property14 (401,507) –15
Subscription for shares16 (5,083,104) –15
Purchases of investment securities17 (33,076,454) (16,903,579)
Proceeds from redemption of investment securities18 25,581,758 3,368,475
Proceeds from sale of investment properties19 –15 87,505
Proceed from divestment of investment in Associate20 1,914,661 –15
Other dividend income received21 93,322 33,373
Interest income received 5,381,181 2,521,364
Net cashflows (used in)/generated from investing activities (7,344,884) (13,558,139)
Principal payment on lease (201,341) (162,769)
Interest payment on lease (54,478) (60,689)
Net cashflows used in financing activities (255,819) (223,458)
Net (decrease)/increase in cash and cash equivalents 4,067,009 7,544,630
Net foreign exchange difference (811,856) (727,008)
Cash and cash equivalents at beginning of year 15,005,205 8,187,583
Cash and cash equivalents at end of year 18,260,357 15,005,205
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
Notes and alternative reported figures (20)
  1. “Premiums received” is an issuer-specific line, not mapped to a shared definition: Direct method, operating.
  2. “Fees and commission received” is an issuer-specific line, not mapped to a shared definition: Direct method, operating.
  3. “Acquisition cashflow” is an issuer-specific line, not mapped to a shared definition: Direct method, operating.
  4. “Reinsurance premiums paid” is an issuer-specific line, not mapped to a shared definition: Direct method, operating.
  5. “Gross claims paid to policy holders” is an issuer-specific line, not mapped to a shared definition: Direct method, operating.
  6. “Other directly attributable expenses” is an issuer-specific line, not mapped to a shared definition: Direct method, operating.
  7. “Reinsurance recoveries on claims” is an issuer-specific line, not mapped to a shared definition: Direct method, operating.
  8. “Other operating cash payments” is an issuer-specific line, not mapped to a shared definition: Direct method, operating.
  9. “Other operating cash receipts” is an issuer-specific line, not mapped to a shared definition: Direct method, operating.
  10. “Receipts from Investment contract” is an issuer-specific line, not mapped to a shared definition: Direct method, operating.
  11. “Payments to Investment contract” is an issuer-specific line, not mapped to a shared definition: Direct method, operating.
  12. “Premium received in advance” is an issuer-specific line, not mapped to a shared definition: Direct method, operating.
  13. “Prepayment of right of use assets” is an issuer-specific line, not mapped to a shared definition: Investing.
  14. “purchase of Investment Property” is an issuer-specific line, not mapped to a shared definition: Investing.
  15. “Subscription for shares” is an issuer-specific line, not mapped to a shared definition: Investing (note 12).
  16. “Purchases of investment securities” is an issuer-specific line, not mapped to a shared definition: Investing.
  17. “Proceeds from redemption of investment securities” is an issuer-specific line, not mapped to a shared definition: Investing.
  18. “Proceeds from sale of investment properties” is an issuer-specific line, not mapped to a shared definition: Investing; printed '-' for 2025.
  19. “Proceed from divestment of investment in Associate” is an issuer-specific line, not mapped to a shared definition: Investing; printed '-' for 2024.
  20. “Other dividend income received” is an issuer-specific line, not mapped to a shared definition: Investing.

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Earnings / (loss) per share (per share)41 0.312 0.503
  1. Printed as 31 kobo; value converted to NGN at 100 kobo = 1 NGN.
  2. Printed as 50 kobo; value converted to NGN at 100 kobo = 1 NGN.
Notes and alternative reported figures (2)
  1. “Basic earnings per share (kobo)”: mapping to a shared definition is uncertain. Printed 'Basic earnings per share (kobo)' (31; 2024: 50); no diluted figure is printed (p88).
  2. Earnings / (loss) per share: printed as “Basic earnings per share (kobo)”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

No dividend statement or amount collected.

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Coronation Insurance Plc Annual Report and Audited Consolidated and Separate Financial Statements for the year ended 31 December 2025

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: Ernst & Young, unmodified opinion · signed

    Auditor's sign-off: Abiodun Akinnusi, FRC/2021/004/PRO/ICAN/00000023386, for Ernst & Young

    Final status: Independent auditor's report signed by hand for Ernst & Young (Abiodun Akinnusi, FRC/2021/004/PRO/ICAN/00000023386), Lagos, dated 2 April 2026, with the ICAN seal (PDF p42, page image); the statements were approved on 12th March 2026 and signed by hand by the Chairman, the Managing Director and the Chief Financial Officer (PDF p87, page image).

    Document date
    2 Apr 2026
    Auditor's report
    2 Apr 2026
    Board approval
    12 Mar 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · NGN thousands (printed “₦'000”)
    • Closing cash in the statement of cash flows (18,260,357; 2024: 15,005,205) differs from cash and cash equivalents on the statement of financial position (18,211,449; 2024: 14,885,569) (PDF pp87, 93); the liquidity risk note shows 18,260,357 as the gross nominal amount of cash and cash equivalents against the carrying amount 18,211,449 (PDF p252). Kept as printed.
    • The board approval date printed on the statement of financial position (12th March 2026, p87) precedes the auditor's report date (2 April 2026, p42); both as printed.
    • The statement of cash flows prints its three activity totals on unlabelled rows; the labels ('Net cashflows generated from/(used in) operating activities', 'Net cashflows (used in)/generated from investing', 'Net cashflows used in financing activities') are printed at the foot of the page (PDF p93).
    • Earnings per share is printed in kobo (31; 2024: 50, p88); basic only. Stored in naira with the printed figure and unit kept.
    Technical details
    File
    287 pages, with a text layer
    SHA-256
    042f1f3ed707effa7a52ac3ef20a2be40e2bcc51c529e022d8f76a2351c12251
    Entity as printed
    Coronation Insurance Plc ("the Company") and its subsidiaries (together "the Group"); RC 1647
    Exchange copy
    retrieved 2026-10-08T18:01:04Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

Download

Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

· Company methodology and coverage