Cornerstone Insurance’s 2025’s profit drops more than half as FX gains dry up

Cornerstone Insurance saw a significant 54.6% drop in its post-tax profit for 2025, primarily due to a sharp reversal in foreign exchange gains, which swung from a positive N30.8 billion to a negative N6.1 billion. This shift underscores the company's vulnerability to currency market fluctuations and highlights the broader challenges facing insurance firms reliant on such gains. The substantial profit decline could affect investor confidence and the company's ability to reinvest in its business, signaling a potential trend in the insurance sector's financial health.