Regency Alliance Insurance records strong 2025 results, pays N6.88bn claims
Nike Popoola
Regency Alliance Insurance Plc recorded a significant increase in claims-related expenses in the 2025 financial year, with its insurance service expenses rising by 67 per cent to N6.881 billion, reflecting increased claims payouts during the period.
The figure represents an increase from N4.117 billion recorded in 2024, showing strong commitment to meeting its claims obligation to its customers.
The Acting Chairman of Regency Alliance Insurance Plc, Chief Wale Taiwo, SAN, disclosed this while presenting the company’s audited financial statements and reports for the year ended December 31, 2025, at its 32nd Annual General Meeting (AGM) held in Lagos on Friday.
He explained that the increase in insurance service expenses, which comprise claims incurred and acquisition costs, was indicative of the huge claims payouts made by the company during the year.
Taiwo also disclosed that the company’s net expenses from reinsurance contracts increased by approximately 88.18 per cent during the period under review.
Despite the significant growth in its business operations, the increased claims-related expenses impacted the company’s profitability, with profit before tax declining by 70.08 per cent from N2.503 billion in 2024 to N749.037 million in 2025.
Similarly, profit after tax dropped by 73.27 per cent from N2.254 billion in the previous year to N602.677 million in 2025.
On the company’s business performance, the Acting Chairman said Regency Alliance Insurance recorded gross written premium of N10.311 billion in 2025, representing a year-on-year growth of over 38 per cent.
Insurance revenue also increased by N2.341 billion, or 32.06 per cent, from the previous year’s figure to N9.642 billion.
He attributed the growth in net investment income to the positive impact of increased stock valuations on the Nigerian Exchange, despite a slight reduction in money market rates.
According to him, the company’s net investment income grew by over 48 per cent compared with the 2024 financial year.
On the company’s financial position, Taiwo said shareholders’ funds increased by 4.31 per cent from N13.972 billion as of December 31, 2024, to N14.575 billion at the end of 2025.
At the group level, total assets stood at approximately N20.848 billion, while shareholders’ funds increased from N14.044 billion to N14.680 billion during the period.
The Managing Director; Mr. Bode Oseni, reiterated the company’s commitment to delivering value to shareholders while maintaining the highest standards of professionalism, accountability and service excellence.
Regency Alliance Insurance, he said, continues to pursue its commitment to providing dependable insurance solutions to individuals, businesses and institutional clients, with a focus on strengthening customer confidence, enhancing operational efficiency and creating sustainable value for its stakeholders.
