Coronation Insurance slips into the red with ₦225.86m loss, erasing previous gains.

In a sharp reversal of fortunes, Coronation Insurance Plc has reported a staggering ₦225.86 million loss, marking a troubling downturn for the insurance giant that had recently shown signs of recovery. The latest financial disclosure paints a sobering picture of vanishing gains and operational strain, raising concerns among investors and industry observers alike.

Once positioned as a steady player in Nigeria’s evolving insurance landscape, the company now faces mounting pressure to stabilize its financial trajectory and reassure stakeholders amid a shifting economic climate.

Coronation Insurance Plc posted a loss after tax of N225.86 million in the first six months of 2025, from a profit of N6.26 billion as at June 2024.

The company did not make money on net realized gain on financial assets this year, an exceptional gains that had been adding strength to the bottom line (profit).

It is important to note that total operating expenses spiked by 62.55 percent to N3.82 billion as at June 2025 from N2.35 billion the previous year. Insurance revenue was up 60.18 percent to N22.17 billion in the period under review from N13.84 billion the previous year.

Coronation Insurance is leveraging cutting-edge technology to streamline operations and deliver tailored solutions while its digital transformation has made it easier for customers to interact with the company.

Coronation Insurance Group revenues were up 53.87 percent to N32.93 billion in June 2025 from N21.40 billion as at June 2024.

Coronation Insurance Plc is a Nigeria-based full line insurance company.

The Company is engaged in offering a diverse range of products and services covering life, general and special risk businesses, licensed to underwrite all classes of insurance, such as fire and special perils, goods-in-transit, and all risk insurance, among others.