Cornerstone Records 20.4% Profit Drop Despite Rise In Premium In H1 2021

Cornerstone Insurance Plc, has released its consolidated and separate statement of profit or loss and other comprehensive income for the period ended 30 June 2021 with a 20.4% drop in group profit to N796.463 million from N1 billion in H1 2020.

However, the gross premium written by the group rose to N10.767 billion from N8.042 billion in H1 2020.

The Insurance company engages in various businesses ranging from property-casualty insurance, life/health insurance and leasing.