Cornerstone Insurance PLC
NNSENG:CORNERST4.60
NGN
-0.30
(-6.12%)
ISIN
NGCORNERST03
Return %
Stock
S&P 500
1Y
-30.30
14.20
3Y
223.94
81.12
5Y
721.43
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Stephen Alangbo
- Full Time Employees
- 215
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Lagos Nigeria
- IPO Date
- Dec 28, 2000
- Website
- cornerstone.com.ng
- Similar Companies
- Business
- Cornerstone Insurance PLC is a Nigeria-based composite insurance and financial services group that provides comprehensive life, general non-life, and Sharia-compliant Takaful risk underwriting solutions to retail, commercial, and institutional clients. The company operates through three primary business segments: Non-Life Insurance, Life Assurance, and Takaful Insurance. Its Non-Life Insurance portfolio comprises motor vehicle insurance, covering private, commercial, and fleet risks; fire and special perils insurance; marine cargo, hull, and aviation insurance; oil and gas energy risk coverages; engineering insurance, including contractors all risks, erection all risks, and plant and machinery breakdown; burglary and housebreaking insurance; money insurance; liability protections, including public liability, product liability, professional indemnity, and directors and officers liability; and trade credit, bid, performance, and advance payment bonds. Its Life Assurance portfolio offers individual and group products, including term assurance; whole life policies; mortgage protection insurance; keyman assurance; investment-linked endowment plans; child education funds; funeral expense cover; individual and group annuities; and statutory group life schemes for corporate organizations. Through its specialized subsidiaries, notably Cornerstone Takaful Insurance Limited and FinInsurance Company Limited, the company provides ethical non-interest family and general Takaful products, alongside bespoke microinsurance, travel insurance, personal accident, and mobile device protection plans. In recent developments, Cornerstone Insurance PLC has accelerated its digital transformation strategy by deploying automated end-to-end policy management systems and artificial intelligence-driven fast-track claims settlement portals to enhance retail service delivery. The company has broadened its distribution architecture through strategic bancassurance alliances with leading commercial banks and partnerships with fintech and telecommunications providers to deliver embedded microinsurance solutions. Furthermore, Cornerstone Insurance PLC has undertaken capital restructuring and balance sheet reinforcement measures to maintain robust solvency margins in compliance with National Insurance Commission (NAICOM) prudential frameworks, while scaling its regional presence and retail product portfolio across Nigeria. Founded in 1991, Cornerstone Insurance PLC is headquartered in Lagos, Nigeria.