Regency Alliance Insurance plc has released its first-quarter (Q1) 2015 financials at the Nigerian Stock Exchange (NSE).
The company’s first-quarter unaudited statement of financial position as at March 31, 2015 which shows Profit After Taxation (PAT) declined by 42.2 percent to N159.059million from N275.218million in the corresponding period of 2014.
At the NSE, the share price of Regency Alliance Insurance plc stands at N0.50kobo.
In the review first-quarter of 2015, the company recorded 23.1% decline in gross premium written at N820.098 million, from N1.066bn in corresponding Q1 period of 2014.
Also, Regency Alliance Insurance plc reported decline in gross premium income by 24.5 percent to N745.677 million, from N987.681million in the corresponding Q1 period of 2015.
The company’s underwriting profit was down to N341.662million from N416.354million in first-quarter (Q1) of 2014.
Basic and diluted earnings per share (EPS) decreased by 42.1 percent to 2.39 kobo in Q1’15 from 4.13kobo in the corresponding period of 2014.
