Coronation Insurance boosts profit by 26.71% in Q1 2022

Coronation Insurance Plc in the First Quarter of 2022 recorded significant growth in its figures when compared to the report in corresponding period the previous year.

A turnover of N7.61 billion was reported for the 3 months period, up by 45.55% from N5.23 billion reported the previous year.

Profit after tax grew year on year by 26.71% N810 million from N639 million reported in Q1 2021.

Earnings per share of the underwriting firm stands at 3 kobo. At the share price of 45 kobo, the P/E ratio of Coronation Insurance stands at 13.33x with earnings yield of 7.50%.

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