BY NKECHI NAECHE-ESEZOBOR—Cornerstone Insurance Plc has released its earnings forecast for the first quarter ended March 31, 2026, projecting a strong start to the year driven by growth in insurance service performance and investment income.
The company expects Group Profit Before Tax (PBT) to reach ₦4.82 billion by the end of Q1 2026.
Group insurance revenue is projected at ₦18.94 billion, while insurance service expenses are expected to amount to ₦10.49 billion, resulting in a net insurance service result of ₦5.02 billion.
Net income from reinsurance contracts is forecast at ₦3.43 billion, bringing the total insurance service result to ₦3.27 billion after reinsurance and other adjustments.
Cornerstone also anticipates investment income of ₦2.43 billion, offset by finance and reinsurance finance expenses of ₦271 million, yielding a net financial insurance result of ₦2.16 billion. Other operating expenses are projected at ₦2.37 billion.
At the company level, insurance revenue is expected to stand at ₦15.25 billion, with insurance service expenses projected at ₦8.76 billion, resulting in an insurance service result of ₦4.03 billion.
The company further forecasts investment income of ₦1.66 billion, with profit before tax projected to reach ₦3.86 billion at the end of the quarter.
