Cornerstone Insurance

A foreign exchange windfall of N12.8 billion flowed into the coffers of Cornerstone Insurance Plc in the second quarter, which enabled the company to tide over a persisting poor underwriting result and lift after-tax profit more than 27…

A big slash in net exchange loss from about N763 million in the first quarter of last year to less than N17 million at the end of the first quarter has powered multiple jumps in after-tax profit for Cornerstone Insurance Plc to N778.5…

  The stock market commenced the week on a positive note with the Nigerian Exchange Limited (NGX) closing bullish Monday. The NGX All-Share Index (ASI) gained 104.82 index points or  0 20 per cent, coo currently stands at 52,319.94…

Trading commenced on the floor of the Nigerian Exchange Group (NGX) in the new week with a marginal gain of 0.04 percent, with Transnational Corporation of Nigeria, Linkage Assurance Plc, Cornerstone Insurance, Fidson Plc and Unity Bank Plc…

Cornerstone Insurance has announced the appointment of Ogechi Adeola as an Independent Non-Executive Director of the Company.  The company stated on Thursday that the appointment is subject to the ratification of its board. The…

Cornerstone Insurance Plc expects a rebound in the final quarter from a third quarter loss that halted its windfall-driven profit advance in the 2020 financial year. The company hopes to generate an after tax profit of N611 million in the…

Cornerstone Insurance Plc is reaping yet another windfall for the third straight year that has again powered growth of the bottom line at the end of half-year trading in June 2020. This time, it is net foreign exchange gain that multiplied…

Cornerstone Insurance Plc reaped a windfall of over N3 billion in the third quarter that has enabled the company fill up a big equity hole in the balance sheet. This is further to a windfall of close to N3 billion in 2018 that leveled up…

Cornerstone Insurance Plc is on track to building profit for the second year, pushing ahead from two years of major losses that built a retained deficit of over N4 billion in 2017. The company achieved a big turnaround last year that cut…

By Umoru Abdulkadir Cornerstone  Insurance Plc has notified the general public, its esteemed shareholders as well as the Nigerian Stock Exchange of the sale of its property situated at Oba Yesufu Abiodun Road, Victoria Island, Lagos.…