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Coronation Insurance Plc (Nigeria)

Main Activities: Direct Life Insurance Carriers
Secondary Activities: Direct Title Insurance Carriers
Full name: Coronation Insurance Plc Profile Updated: December 12, 2025
Buy our report for this company USD 29.95 Most recent financial data: 2024 Available in: English Download a sample report

Wapic Insurance Plc is one of Nigeria’s oldest insurance companies. The company has been in operation for over half a century, offering a wide range of insurance products and services to corporate and individual customers. Wapic was established in 1958 and now operates two wholly owned subsidiaries - Wapic Life Assurance Limited and Wapic Insurance (Ghana) Limited.

Headquarters
No.119 Awolowo Road, P.O. Box 55508, Falomo, Ikoyi
Lagos; Lagos;

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Website: http://www.coronationinsurance.com.ng

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
January 13, 2026
Key Executives
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Chairman
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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24.22%
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20.89%
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5.18%
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0.37%
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0.05%
Subsidiaries
Wapic Insurance Ghana Limited (Ghana)
100%
Wapic Life Assurance Limited
100%
Company Performance
Financial values in the chart are available after Coronation Insurance Plc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency NGN. Absolute financial data is included in the purchased report.
Net insurance premium revenue
N/A
Operating profit (EBIT)
-20.15%▼
Net Profit (Loss) for the Period
-59.64%▼
Total Assets
38.69%▲
Investments
40.23%▲
Receivables
60.15%▲
Total Equity
24.06%▲
Net Premiums Earned Trend
-3837.47%▼
Net Profit Trend
N/A
Return on Equity (ROE)
-17.16%▼
Underwriting Expenses Ratio
N/A

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