Cornerstone Insurance Plc recently published its audited report for the year ended 31 December 2023.
The underwriting firm recorded Gross Earnings of N50.50 billion for the 12 months period, up by 112.8% from N23.73 billion achieved the previous year.
Profit after tax of N13.84 billion was reported by the Group for the period under review, up by over 84,000% from N16.4 million profit reported in FY 2022.
Earnings per share of the Group stands at N0.76.
At the share price of N1.9, the P/E ratio of Cornerstone Insurance stands at 2.49x with earnings yield of 40.09%.