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Nigerian S.E.
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1.98
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+0.51%
+0.51%
+41.43%
CORNERSTONE INSURANCE : EARNINGS FORECAST
August 10, 2022 at 11:21 am
COMPANY: CORNERSTONE INSURANCE PLC
FOURTH QUARTER ENDING 31st DECEMBER 2022
EARNINGS FORECAST
PROFIT OR LOSS ACCOUNT INFORMATION & CASHFLOW
Q4 2022
Group
Company
N'000
N'000
Gross Premium Income
7,734,529
5,921,380
Net Earned Premium
3,314,292
2,640,032
Net Claims Incurred
1,354,349
1,238,598
Investment Income
756,439
517,075
Net Operating Income
2,716,382
1,918,509
Net Commission Incurred
163,887
(95,056)
Operating Expenses
1,118,396
874,079
Profit/Loss Before Tax
1,434,100
1,139,485
Forecast Taxation
(430,230)
(341,846)
Profit/Loss After Tax
1,003,870
797,640
Cash From Operating
Activities
Net Cash Generated From
107,052
80,627
Operating Activities
CashFlow From Investing
1,374,537
836,737
Activities
CashFlow From Financing
(51,259)
(36,801)
Activities
Net Increase/(Decrease) In
1,430,331
880,563
Cash & Cash Equivalents
Cash/Bank Balance at the
13,912,526
9,284,717
Beginning of the Period
Cash/Bank Balance at the End
15,342,856
10,165,279
of the Period
Kehinde Olorundare
Ganiyu Musa
Chief Finance Officer
Group Managing Director
FRC/2013/ICAN/00000000731
FRC/2013/ICAN/00000003110
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Cornerstone Insurance plc published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 10 August 2022 10:18:52 UTC .
Cornerstone Insurance Plc Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
01-30
CI
Cornerstone Insurance Plc Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
30/10/23
CI
Cornerstone Insurance Plc Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
08/08/23
CI
Cornerstone Insurance Plc Reports Earnings Results for the First Quarter Ended March 31, 2023
28/04/23
CI
Cornerstone Insurance Plc Reports Earnings Results for the Full Year Ended December 31, 2022
30/03/23
CI
Cornerstone Insurance Plc Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
31/10/22
CI
Cornerstone Insurance Plc Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
29/07/22
CI
Cornerstone Insurance Plc Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
29/07/22
CI
Cornerstone Insurance Plc Reports Earnings Results for the First Quarter Ended March 31, 2022
29/04/22
CI
Cornerstone Insurance Plc Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
28/01/22
CI
Cornerstone Insurance Plc Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
28/10/21
CI
Cornerstone Insurance plc Reports Earnings Results for the Second Quarter Ended June 30, 2021
29/07/21
CI
Cornerstone Insurance plc Reports Earnings Results for the First Quarter Ended March 31, 2021
21/05/21
CI
Cornerstone Insurance Plc Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
29/01/21
CI
Cornerstone Insurance plc Reports Earnings Results for the Third Quarter Ended September 30, 2020
30/10/20
CI
Cornerstone Insurance plc Reports Earnings Results for the Second Quarter Ended June 30, 2020
30/07/20
CI
Cornerstone Insurance plc Reports Earnings Results for the First Quarter Ended March 31, 2020
28/05/20
CI
Cornerstone Insurance plc Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
05/02/20
CI
Cornerstone Insurance plc Reports Earnings Results for the Third Quarter Ended September 30, 2019
29/10/19
CI
Cornerstone Insurance plc Reports Earnings Results for the Second Quarter Ended June 30, 2019
30/07/19
CI
Cornerstone Insurance plc Reports Earnings Results for the Full Year Ended December 31, 2018
24/06/19
CI
Cornerstone Insurance Plc Appoints Paul Kokoricha as New Chairman of its Board
27/03/17
CI
Cornerstone Insurance Plc completed the acquisition of 96.68% stake in Fin Insurance Company Ltd from First City Monument Bank Plc for approximately NGN 3 billion .
29/06/15
CI
Cornerstone Insurance plc Appoints Ayo Osunbunmi as Executive Director
17/05/15
CI
Cornerstone Insurance Plc agreed to acquire 96.68% stake in Fin Insurance Company Ltd from First City Monument Bank Plc.
13/09/14
CI
Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
More charts
Cornerstone Insurance Plc is an insurance group organized around four areas of activity:
- non-life insurance (72.5% of gross written premiums): oil and gas insurance (35% of gross written premiums), engineering insurance (24.9%), fire insurance (16.2%), automobile insurance (13.2%), accident insurance (6.1%) and marine insurance (4.6%);
- life insurance (25.7%);
- Islamic insurance (1.9%).
The total gross written premiums are performed in Nigeria.
More about the company
1st Jan change
Capi.
+41.43% 24M +14.81% 110B +10.24% 103B +7.23% 76.15B +23.75% 29.49B +10.75% 20.26B -3.54% 11.9B +2.26% 10.22B +1.99% 10.05B +21.89% 9.81B
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