Standard Alliance Insurance records 88.41% PAT decline in 2018

Must Read

- Advertisement -

Standard Alliance Insurance Plc, Insurance Carriers, Brokers and Services company in the Financial Services sector announced 25.7% Gross Premium Decline in Q4’18 Result.

Financial Highlights

  • Gross Premium declined by -25.7% to N3.8bn from N5.1bn in the previous quarter.
  • Profit before tax declined by 88% to N32.2m.
  • Profit after tax declined by 91% to N24.8m.
  • Net Assets grew by 2% from N5.2bn to N5.3bn.

Standard Alliance Insurance recorded a 26% decline in 88.41% decline in pretax profit at N32.206 million from N277.766 million in full-year 2017.

The major investors in the company include Gemrock Management Company Limited 20.09%, Standard Alliance Investments Limited 19.81% and FCMB Plc 5.42%.

- Advertisement -
spot_imgspot_img

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Read Also:  Immigration Statistics: 3,457 Nigerians Deported from Abroad in 2016.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Court Restrains FG from Accessing N200Billion Unclaimed Dividends

Court Restrains FG from Accessing N200Billion Unclaimed Dividends

A Federal High Court sitting in Abeokuta has granted an interim order restraining the federal government from taking over the unclaimed dividends of shareholders...
- Advertisement -
spot_imgspot_img

Latest News

Court Restrains FG from Accessing N200Billion Unclaimed Dividends

A Federal High Court sitting in Abeokuta has granted an interim order restraining the federal government from taking over...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -spot_imgspot_img