Capital

Regency Alliance GPW Down By 1.52%

BY NKECHI NAECHE-ESEZOBOR–Regency Alliance Insurance Plc, at the weekend said its gross premium written for the full year dropped from N3.946 billion in 2019 to N3.886 billion in 2020.

The company disclosed this when it released its un-audited financial statement for the year ended 31 December, 2020, that Profit after taxation also went down for the Q4 2020 by 2.68% to N51.124 million from N52.534 million in same Q4 2019.

However, gross premium written of the insurer rose to N606.290 million in Q4 2020 from N340.012 million in Q4 2019.

Profit after taxation for the full year was not left out as it appreciated N649.594 million in 2019 to N703.662 million; indicating 8.32% growth.

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