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Regency Alliance Insurance Plc (Nigeria)

Main Activities: Insurance Carriers
Full name: Regency Alliance Insurance Plc Profile Updated: October 30, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Regency Alliance Insurance plc emerged in February 2007 following the merger of four insurance companies in Nigeria. They are: Regency Insurance Plc, Nigerian Alliance Assurance Corporation Limited, Destiny Insurance Co. Limited and Capital Express General Insurance Limited. The consolidation of their businesses, experience, knowledge and strengths made The Company a leader in the General insurance business market of West Africa sub region. Drawing on deep industry and underwriting expertise, superior claims handling, market experience and a strong financial base, The Company offers customized insurance products in collaboration with their intermediaries and Technical partners all over the world.

Headquarters
2 Ebun Street, Gbagada Expressway, Gbagada
Lagos; Lagos;

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Website: http://www.regencyalliance.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1993
Key Executives
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Chairman
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Chief Executive Officer
Ownership Details
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78%
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11%
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10%
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1%
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Subsidiaries
Ric Microfinance Bank Limited
Ric Properties And Investment Limited
Ric Technologies Limited
Company Performance
Financial values in the chart are available after Regency Alliance Insurance Plc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency NGN. Absolute financial data is included in the purchased report.
Net insurance premium revenue
-42.77%
Operating profit (EBIT)
N/A
Net Profit (Loss) for the Period
28.55%
Total assets
42.41%
Investments
1111.23%
Receivables
-37.48%
Total equity
52.36%
Net Premiums Earned Trend
-35.25%
Net Profit Trend
N/A
Return on Equity (ROE)
-1.12%
Underwriting Expenses Ratio
32.62%

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