Cornerstone Insurance on Monday published its Audited Financial Statement for the year ended 31 December 2020.
The underwriting firm reported Gross written premium of N17.54 billion, up by 34.31% from N13.06 billion reported in 2019.
Cornerstone Insurance posted a profit after tax of N2.19 billion, down by 46.58% from N4.11 billion reported the previous year.
Earnings per share (EPS) of the Group declined to 12 kobo in FY 2020 from the EPS of 23 kobo in 2019.
At the share of 55 kobo, the P.E ratio of Cornerstone Insurance is calculated as 4.55x with earnings yield of 21.97%.