REGENCY ALLIANCE INSURANCE PLC – Retirement of Director
Regency Alliance Insurance Plc. has announced the retirement of Mr. Akin Adelakun, an Executive Director, from the Company with effect from 30th June, 2017. Akin joined the Company at its inception in 1994 and became an Executive Director in August 2003.
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LINKAGE ASSURANCE PLC
Financial Result for the 3 Months Ended 31st March, 2017
Gross Premium Written: 9% increase from N1.6bn to N1.7bn
Profit after Tax: 167% increase from N532.5m to N1.4bn (3M 2017 EPS, 18 kobo; 3M 2016 EPS, 7 kobo)
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Audited Financial Result for the Year Ended 31st December, 2016
Gross Premium Written: 6% increase from N3.8bn to N4bn
Profit after Tax: 7% increase from N508.4m to N544.6m (FY 2016 EPS, 6.8 kobo; FY 2015 EPS, 6.4 kobo)
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STANDARD ALLIANCE INSURANCE PLC
Financial Result for the 3 Months Ended 31st March, 2017
Gross Premium Written: 22% decrease from N1.3bn to N1bn
Profit after Tax: 133% increase from N116.2m to N270.9m (3M 2017 EPS, 2.70 kobo; 3M 2016 EPS, 1.29 kobo)
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Audited Financial Result for the Year Ended 31st December, 2016
Gross Premium Written: 16% decrease from N5.2bn to N4.4bn
Profit/(Loss) after Tax: 251% decrease from N887.5m to (N1.3bn) (FY 2016 EPS, -10 kobo; FY 2015 EPS, 7 kobo)
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