Regency Alliance Insurance PLC
NNSENG:REGALINS0.73
NGN
0.00
(0.00%)
ISIN
NGREGALINS04
Return %
Stock
S&P 500
1Y
-42.40
14.20
3Y
420.45
81.12
5Y
331.59
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Charles Olabode Oseni
- Full Time Employees
- 124
- Sector
- Finance
- Industry
- Property/Casualty insurance
- Address
- Lagos Nigeria
- Website
- regencyalliance.com
- Similar Companies
- Business
- Regency Alliance Insurance PLC is a Nigeria-based financial services company primarily engaged in the provision of non-life and general insurance underwriting, risk management, and investment services to corporate, institutional, commercial, and individual clients. The company operates through key business segments comprising General Insurance, Investment Management, and Subsidiary Financial Operations. Its underwriting portfolio includes systematic product lines: Motor Insurance, covering private vehicles, commercial fleets, comprehensive cover, and statutory third-party liabilities; Fire and Special Perils Insurance, providing protection against industrial fire, material damage, storm, flood, and consequential business interruption; Marine and Aviation Insurance, comprising marine cargo, marine hull, goods in transit via maritime routes, and aviation risk covers; Engineering Insurance, encompassing contractors all risks, erection all risks, plant and machinery breakdown, boiler explosion, and electronic equipment insurance; Oil and Energy Insurance, delivering onshore and offshore asset protection, exploration risk coverage, and energy liability solutions; and General Accident Insurance, including personal accident, group personal accident, employers liability, workmen compensation, burglary and housebreaking, fidelity guarantee, public and products liability, professional indemnity, and cash-in-transit. The company also offers specialty retail covers, such as international and local travel insurance, agricultural risk protection, and tailored microinsurance products. Operating through a nationwide network of branches in Nigeria and regional operations via its subsidiary Regency Nem Insurance (Ghana) Limited in West Africa, the company also maintains financial interests in RIC Microfinance Bank Limited, RIC Properties and Investment Limited, and RIC Technologies Limited. Founded in 1993 and established in its present consolidated corporate structure in 2007 following an industry merger, Regency Alliance Insurance PLC is headquartered in Lagos, Nigeria. In recent developments, the company has undertaken capital restructuring initiatives and capital adequacy adjustments to comply with National Insurance Commission recapitalization directives, implemented full compliance with the International Financial Reporting Standard 17 (IFRS 17) accounting framework, accelerated its digital transformation through enhanced web and mobile self-service distribution platforms for direct policy purchase and automated claims processing, and broadened retail bancassurance and agency distribution partnerships to scale retail market penetration.