Regency Alliance Insurance pays N3.14bn claims in H1 2025
Regency Alliance Insurance Plc
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Regency Alliance Insurance Plc reports that its claims payments surged by over 240 percent in the first half of the 2025 financial year. The company disclosed this in its unaudited financial result, which was published on the Nigerian Exchange (NGX).
According to the figures, claims paid increased sharply to N3.14 billion in June 2025, up from N916.79 million during the same period in 2024, representing a 242.5% rise. This significant increase in claims payments reflected on the insurer’s earnings, despite notable growth in premium income and investment returns.
Consequently, Profit Before Tax (PBT) stood at N321.17 million from N911.25 million in June 2024. Similarly, Profit After Tax (PAT) was N240.20 million from N740.45 million reported in the prior-year period.
Despite the pressure on profitability, Regency Alliance showed strength in revenue generation. Gross premiums received rose by 63.8% to N6.15 billion in June 2025, compared to N3.76 billion in the corresponding period last year, highlighting robust underwriting activity. Additionally, net investment income increased by 13.2% to N837.98 million, up from N740.25 million in June 2024.
Total assets grew by 17.8% to N22.47 billion in June 2025, from N19.07 billion the previous year, while total liabilities increased by 24.8% to N8.25 billion, compared to N6.61 billion in June 2024.
Industry analysts remain optimistic about Regency Alliance’s long-term outlook. They attribute the surge in claims to heightened underwriting activity and an expanding market share, positioning the company well for future growth.
“The rise in claims, while affecting short-term profits, indicates that Regency Alliance is broadening its footprint and acquiring more business,” said a leading market analyst. “With its strong capital base and increasing premiums, the company is well-equipped to manage claims more effectively and enhance profitability moving forward.”
As Regency Alliance continues to operate in a competitive insurance market, analysts are confident that strategic claims management and improved underwriting discipline will help drive earnings growth in upcoming periods.
Regency Alliance Insurance Plc continues to be a major player in Nigeria’s insurance industry, offering a wide range of insurance products and services across West Africa.
