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Cornerstone Insurance Improves Profit By 38.34% In 2021

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BY NKECHI NAECHE-ESEZOBOR--Cornerstone Insurance Plc has recorded a profit growth of 38.34 percent for the year ended 31 December 2021.

This is contained in its consolidated and separate statements of profit or loss and other comprehensive income released on Nigerian Exchange Group.

According to the notice, profit appreciated from N2.195 billion in 2020 to N3.036 billion in the same period under review.

Also, the company’s gross premium written went up to N20.923 billion in the period under review when compared with N17.539 billion achieved in 2020.

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