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Regency Alliance Loses 100% Of Revenue To Expenses, Profit Drops By 41%

December 15, 2025
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Regency Alliance Loses 100% Of Revenue To Expenses, Profit Drops By 41%

Over N7.99 billion in revenue was generated by Regency Alliance Insurance between the first quarter (Q1) and the third quarter (Q3) of 2025, the company announced in its unaudited financial statements for the period ended September 30, 2025.

The financial statements showed that the revenue increased by 40.21 percent when compared to the N5.70 billion generated in the same period in 2024.

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Regency Alliance said service expenses gulped N7.99 billion between January and September of this year, surpassing the N2.27 billion recorded in 2024, representing a 251.93 percent increase.

This indicates the company’s expenses gulped 100 percent of revenue during the period under review, compared to the 39.84 percent gulped in 2024.

Although the company recorded N300.08 million net income from reinsurance contracts held between Q1 and Q3 2025, compared to the N2.29 billion net exnpense from reinsurance contracts held last year.

This did not stop Regency Alliance from suffering a 73.64 percent year-on-year decline in service result, which dropped from N1.13 billion to N299.90 million.

However, the decrease was offset by the 55.64 percent increase in net investment income, as it climbed from N906.26 million recorded between January and September last year, to N1.41 billion in the same period in 2025.

The bottom line was further supported by a 91.17 percent year-on-year decline in finance expenses from insurance contract issued, as it increased from N146.41 million to N12.91 million.

Also, reinsurance finance income from reinsurance contract held increased by 141.11 percent to N68.84 million between Q1 and Q3 2025, surpassing the N28.55 million earned in 2024.

In the same vein, Regency Alliance overcame the N117.86 million net insurance finance expenses recorded in the period under review last year, as the company notched N55.92 million net insurance finance income in 2025.

However, net insurance and financial result decreased by 8.31 percent year-on-year, from N1.92 billion to N1.76 billion.

Regency Alliance added that other operating income grew by 111.51 percent year-on-year, from N2.05 million to N4.33 million, and other operating expenses increased by 26.05 percent, from N723.03 million to N911.38 million.

At the end of the period under review, the company suffered a 41.53 percent decline in profit before tax (PBT), which dropped from the N886.63 million recorded between Q1 and Q3 last year to N518.33 million in 2025.

Also, within the first nine months of this year, Regency Alliance paid N106.52 million in income tax, down slightly by 0.27 percent from the N106.82 million tax expense recorded last year.

Following the tax deduction, Regency Alliance reported profit after tax (PAT) of N411.81 million for the period between January and September 2025, falling below last year’s N779.80 million, representing a 47.19 percent decrease.

For press releases, tip-offs, and corporate information, call 08149575257 (hotline), email: editor@primebusiness.africa and publisher@primebusiness.africa

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