CORNERSTONE INSURANCE PLC Declares Q2, 2018 Financial Reports, Records over 100% Profit Growth

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The insurance company reported revenue for the half year ended 30th June 2018 appreciated by 27% from N5.5b to about N7.1b according to its recently released unaudited Q2, 18 report.

Its profit after tax also jumped by 133% arriving at N322m after the underwriter recovered from the previous loss after tax of about N953m.

Its reported Earnings per share of 2kobo likewise was a 133% recovery from 6kobo loss per share of Q2, 2017.

PE Ratio is at 13.26x with an earnings yield of 7.5%.

Cornerstone Insurance Plc provides life insurance, related pension, savings, and investment products in Nigeria. The company also offers fire, motor, burglary, professional indemnity, marine cargo, product liability and special risk insurance products.

 

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