Nigerian Stock Exchange
Cornerstone Insurance PLC · CORNERS.LG
Cornerstone Insurance Plc is a Nigeria-based insurance company. The Company is engaged in the provision of risk underwriting and related financial services to its customers. Its service includes the provision of life and non-life insurance services for both corporate and individual customers. Its durable business profile is anchored in mortgage lending, savings products, deposit mobilization, real estate finance and customer relationships with individuals, developers and corporate clients. Demand is linked to housing affordability, property development, interest rates, collateral quality and access to long-term funding. Investors should monitor loan quality, funding structure, regulatory capital, liquidity and the pace of Nigeria’s formal housing finance market. The company should be reviewed through its audited financial statements, corporate disclosures, operating segment notes and market announcements, because these materials provide the most reliable view of revenue quality, cost structure, capital allocation and any changes in business scope.
Fundamentals
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Sign in| Metric (NGN, B) | 2024 2024 | 2023 2023 | 2022 2022 | 2021 2021 | 2020 2020 |
|---|---|---|---|---|---|
| Revenue Total Revenue | 42 | ||||
| EBITDA | -2 | ||||
| EBIT | -2 | ||||
| Net income Net Income | 26 | ||||
| Operating margin | -6% | ||||
| Net margin | 60% |