Cornerstone Insurance Plc on Wednesday published its second quarter report for the period ended 30th June 2024. The result shows significant growth in the Group’s top line and bottom line figures, year on year.
The Group achieved Gross Earnings of N46.67 billion for the 6 months period, up by 87.34% from N24.913 billion recorded in the corresponding period in 2023.
Profit after tax of N27.87 billion was reported for the 6 months period, up by 184.45% from N9.8 billion reported the previous year.
Earnings per share of the group stands at N1.53.
At the share price of N2.53, the P/E ratio of Cornerstone Insurance stands at 1.65x with earnings yield of 60.65%.