Lagos, 7 May 2025
CORNERSTONE INSURANCE PL - DELAY IN FILING OF UNAUDITED FINANCIAL STATEMENTS FOR THE FIRST QUARTER ENDED 31ST MARCH 2025
Cornerstone Insurance PLC ("the Company") wishes to bring to the notice of its shareholders and other stakeholders, the delay in filing and publication of its Unaudited Financial Statements for the first quarter ended 31st March 2025 (Q1 UFS 2025) as required by the Nigerian Exchange Limited (NGX) and the Securities and Exchange Commission within the regulatory timeline of 30th April, 2025.
The delay in filing the Q1 UFS 2025 is due to the ongoing review of the Audited Financial Statements for the year ended 31stDecember 2024 (AFS 2024) by the Company's primary regulator, the National Insurance Commission (NAICOM) and upon NAICOM's approval of the AFS 2024, the Company will file the Q1 UFS 2025, along with the AFS 2024.
Additionally, this Press Release is available on the Homepage of the Company's website https://cornerstone.com.ng/ for all stakeholders to access.
The Company hereby apologises for this delay and assures stakeholders of its commitment to ensuring the submission and publication of the AFS 2024 and Q1 UFS 2025 on or before the 16thof May 2025.
Thank you.