Coronation Insurance Plc
NNSENG:WAPIC2.41
NGN
+0.04
(+1.69%)
ISIN
NGWAPIC00004
Return %
Stock
S&P 500
1Y
-22.01
14.20
3Y
270.77
81.12
5Y
402.08
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Olamide Olajolo
- Full Time Employees
- 213
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Lagos Nigeria
- IPO Date
- Sep 14, 1995
- Website
- coronationinsurance.com.ng
- Similar Companies
- Business
- Coronation Insurance Plc is a Nigeria-based composite insurance and risk management services provider engaged in underwriting, distributing, and administering a broad range of non-life, life, and specialized insurance solutions to individual, commercial, and institutional clients. Founded in 1958 and headquartered in Lagos, Nigeria, the company operates across West Africa with primary operations in Nigeria and Ghana. Formerly known as Wapic Insurance Plc, the company rebranded to Coronation Insurance Plc as part of its strategic alignment within the broader Coronation financial services ecosystem. The company provides an extensive portfolio of general and life insurance products categorized across distinct business lines, including: Motor Insurance, encompassing private comprehensive, commercial vehicle, third-party liability, and fleet management coverage; Property and Casualty Insurance, comprising fire and special perils, business interruption, consequential loss, burglary, householders comprehensive, and all-risk policies; Marine and Aviation Insurance, offering marine cargo, marine hull, goods-in-transit, and aviation hull and liability protection; Energy and Special Risks, providing onshore and offshore oil and gas insurance, petrochemical coverage, power sector risk protection, and industrial all-risk solutions; Engineering Insurance, featuring contractors all risks, erection all risks, machinery breakdown, electronic equipment, and plant all-risk policies; Liability and Financial Lines, consisting of public liability, product liability, directors and officers liability, professional indemnity, employers liability, fidelity guarantee, and money insurance; Bonds and Guarantees, including bid bonds, performance bonds, advance payment bonds, and customs bonds; and Travel and Personal Accident Insurance. Through its subsidiary, Coronation Life Assurance Limited, the company provides Life and Savings Products, including group life assurance, individual term life, whole life, endowment policies, child education protection plans, credit life coverage, mortgage protection, and immediate and deferred annuity plans. In recent strategic developments, Coronation Insurance Plc has focused on enterprise-wide digital transformation, capital optimization, and regional distribution expansion. The company has deployed digitized policy issuance, self-service claims processing channels, and integrated customer platforms to improve operational efficiency and retail market accessibility. To expand retail and commercial penetration across West Africa, the company has broadened strategic bancassurance partnerships and collaborative distribution networks with financial institutions, fintech aggregators, and telecommunications providers to offer embedded micro-insurance and customized SME risk packages. Additionally, Coronation Insurance Plc has undertaken recapitalization initiatives and balance sheet restructuring across its Nigerian operations and its cross-border subsidiary, Coronation Insurance Ghana Limited, strengthening its underwriting capacity for large-scale energy, infrastructure, and commercial risks while aligning operational standards and asset management capabilities within the Coronation Group.