WorldStage Newsonline– Cornerstone Insurance Plc, a group which engages in various business lines ranging from property-casualty insurance, life/ health insurance and leasing has released its unaudited financial statement for the period ended 31 December 2020 with 34.74% increase in gross premium written to N17.596 billion from N13.059 billion in 2019.
However, the group profit for the year dropped by 61.14% to N1.597 billion from N4.109 billion in 2019.
Cornerstone was incorporated on 26 July 1991 as a private limited liability company and converted to a public limited liability company on 17 June 1997.
The Company has two subsidiaries – Fin Insurance Company Limited & Cornerstone Leasing and Investment Limited.
