Skip to content
The African Exponent DATA
Resources

Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Regency Alliance Insurance

REGALINS · Nigerian Exchange · Consolidated statements

On this page
Company details
Legal name
Regency Alliance Insurance Plc
Listing
REGALINS on the Nigerian Exchange, active · ISIN NGREGALINS04 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · audited financial statements, signed / final · source

Read with these figures

  • Auditor's emphasis of matter. Contravention of laws and regulations (auditor's report, PDF p47): 'As stated in note 48 of these financial statements, the company paid the sum of N15,512,000 ...
Full wording and sources

  • Auditor's emphasis of matter

    Contravention of laws and regulations (auditor's report, PDF p47): 'As stated in note 48 of these financial statements, the company paid the sum of N15,512,000 ... to National Insurance Commission (NAICOM), Nigerian stock Exchange (NGX) and Securities and exchange commissions during the year.' Key audit matter (p45): actuarial valuation of insurance contract liabilities. The going-concern section (p45) reports no material uncertainty.

    Source: Regency Alliance Insurance Plc (RC 223946) Audited Report and Financial Statements for the year ended 31st December 2025 (dated 2026-07-13)

  • Insurance Revenue

    NGN 9.64 billion

    9,642,997 NGN thousands · p95

    +32.1% vs 2024

    Printed 'Insurance Revenue' (p95), the IFRS 17 revenue line; there is no total-premiums line.

  • Insurance Service Result

    NGN 155 million

    155,108 NGN thousands · p95

    −91.4% vs 2024

    Printed 'Insurance Service Result' (p95).

  • Net Investment Income

    NGN 2.60 billion

    2,599,351 NGN thousands · p95

    +48.0% vs 2024

    Printed 'Net Investment Income' (p95).

  • Profit For the year

    NGN 637 million

    637,105 NGN thousands · p95

    −71.9% vs 2024

    Printed 'Profit For the year' (p95).

  • Total assets

    NGN 20.8 billion

    20,848,060 NGN thousands · p94

    −4.6% vs 2024

    Printed 'Total Assets' (p94).

  • Total (equity attributable to owners of the parent)

    NGN 14.7 billion

    14,680,115 NGN thousands · p94

    +4.5% vs 2024

    Printed 'Total' under 'Total equity attributable to owners of the parent' (p94); no total-equity line including NCI is printed.

Large amounts are rounded for reading (NGN million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in NGN thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — audited financial statements, signed / final; reported for the year · source
  • FY2024 — audited financial statements, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, NGN thousands. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Insurance Revenue 9,642,997 7,301,956
Insurance Service Expenses (6,881,446) (4,117,082)
Net Expenses from Reinsurance Contracts Held (2,606,443) (1,385,054)
Insurance Service Result 155,108 1,799,819
Interest on Revenue Calculated Using the Effective Interest Method 1,320,432 1,189,053
Fair value Gain on Investment Properties1 50,000 170,000
Net Gain/(loss) on Financial Assets2 1,241,335 414,000
(Impairment)/Writeback on Financial Assets (12,415) (16,521)
Net Investment Income 2,599,351 1,756,533
Finance Expenses From Insurance Contract Issued (1,002,668) 92,096
Reinsurance Finance Income From Reinsurance Contract held3 464,429 (75,865)
Net Insurance Finance Income/(Expenses) (538,240) 16,231
Net Insurance and Financial Result 2,216,219 3,572,583
Interest Income 18,096 12,467
Interest Expense (3,153) (2,549)
Net Trading Income 16,132 14,362
Finance Income 54,185 41,332
Finance Cost (4,699) (4,255)
Other Operating Income 19,924 32,222
Employee benefit expense (380,618) (369,855)
Other Operating Expenses (1,148,515) (778,535)
Impairment on Receivables4 (3,315) (1,719)
Profit Before Tax 784,257 2,516,052
Income Tax Expense (147,152) (249,475)
Profit For the year 637,105 2,266,578
Gain on revaluation of properties5 –6 –6
Insurance Finance Income/(Expenses) from Insurance Contract Issued7 –6 –6
Foreign exchange translation difference8 –6 –6
Income tax relating to component of other comprehensive income9 –6 –6
Total other comprehensive income net of tax –10 –10
Total comprehensive income for the Year 637,105 2,266,578
to Non Controlling Interest11 1,327 602
  1. Printed “-”, read as nil: subtotal_arithmetic: is.other_comprehensive_income.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (9)
  1. “Fair value Gain on Investment Properties” is an issuer-specific line, not mapped to a shared definition: Note 12; within net investment income.
  2. “Net Gain/(loss) on Financial Assets”: mapping to a shared definition is uncertain. Net gain/(loss) on financial assets (note 30), fair value and realised.
  3. “Reinsurance Finance Income From Reinsurance Contract held” is an issuer-specific line, not mapped to a shared definition: Note 32; within net insurance finance result.
  4. “Impairment on Receivables” is an issuer-specific line, not mapped to a shared definition: Note 41.
  5. “Gain on revaluation of properties” is an issuer-specific line, not mapped to a shared definition: OCI; printed dash.
  6. “Insurance Finance Income/(Expenses) from Insurance Contract Issued” is an issuer-specific line, not mapped to a shared definition: OCI; printed dash.
  7. “Foreign exchange translation difference” is an issuer-specific line, not mapped to a shared definition: OCI; printed dash.
  8. “Income tax relating to component of other comprehensive income” is an issuer-specific line, not mapped to a shared definition: OCI; printed dash.
  9. “to Non Controlling Interest” is an issuer-specific line, not mapped to a shared definition: Profit attributable to non-controlling interest.

Balance sheet

Balance sheet, NGN thousands. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Cash and Cash Equivalents 1,843,249 2,315,714
Financial Assets 9,786,048 9,365,740
Insurance Receivables1 39,927 49,354
Reinsurance Contract Assets 1,601,896 2,450,746
Other Receivables and Prepayments2 298,126 298,181
Inventory 9,849 6,024
Investment in Subsidiaries3 –4 –4
Intangible Assets 76,688 87,540
Investment Properties 1,345,547 1,295,547
Property, Plant and Equipment 5,546,730 5,688,343
Statutory Deposits5 300,000 300,000
Total Assets 20,848,060 21,857,189
Insurance Contract Liabilities 3,656,964 5,027,510
Provision and Other Payables6 538,487 697,721
Retirement Benefit Obligation7 –8 4,795
Provision for Current Income Tax Liabilities 110,903 309,499
Deferred Income Tax Liabilities 1,592,418 1,505,478
Deposit for shares9 245,000 245,000
Total Liabilities 6,143,771 7,790,003
Issued and Paid up Share Capital 6,001,875 3,334,375
Contingency Reserve10 2,933,955 2,624,625
Retained Earnings 2,891,961 5,239,320
Asset Revaluation Reserve 2,834,896 2,834,896
Other Reserves-Translation Reserve 17,429 11,122
Total (equity attributable to owners of the parent) 14,680,115 14,044,338
Non-controlling Interest in Equity11 24,173 22,846
Equity and Liabilities 20,848,060 21,857,189
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.total_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.total_liabilities.
Notes and alternative reported figures (9)
  1. “Insurance Receivables” is an issuer-specific line, not mapped to a shared definition: Note 6.
  2. “Other Receivables and Prepayments” is an issuer-specific line, not mapped to a shared definition: Note 8.
  3. “Investment in Subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 10; nil in the Group columns.
  4. “Statutory Deposits” is an issuer-specific line, not mapped to a shared definition: Note 14: deposit with the Central Bank of Nigeria under the insurance law.
  5. “Provision and Other Payables” is an issuer-specific line, not mapped to a shared definition: Note 16.
  6. “Retirement Benefit Obligation” is an issuer-specific line, not mapped to a shared definition: Note 17.
  7. “Deposit for shares” is an issuer-specific line, not mapped to a shared definition: Note 20: deposit for shares, presented within liabilities.
  8. “Contingency Reserve” is an issuer-specific line, not mapped to a shared definition: Note 22: statutory insurance contingency reserve.
  9. “Non-controlling Interest in Equity”: mapping to a shared definition is uncertain. Group columns only; the Company columns print no value.

Cash flow

Cash flow, NGN thousands. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Premium Received1 10,320,453 7,261,789
Paid Claim2 (7,480,244) (1,970,144)
Other Direct Atributable Expenses3 (842,008) (564,933)
Insurance acquisition expenses paid4 (1,609,864) (990,551)
Reinsurance premiums paid5 (4,512,463) (4,137,672)
Amounts received from reinsurance6 3,219,298 1,298,402
Other Intrest Received (net of expenses)7 33,412 9,918
Cash Received From Customers8 58,209 61,723
Cash Paid to Suppliers/Creditors9 (31,347) (51,347)
Cash Paid to and On behalf of Employees10 (841,339) (705,428)
Cash Payments for Other Operating Expenses11 (1,777,421) (1,466,535)
Tax Paid (258,809) (41,859)
Net Cash Generated From Operating Activities (3,722,125) (1,296,639)
Purchase of Financial Asset at Amortised Cost12 –13 (2,235,597)
Proceeds From Disposal of Financial Assets at Amortised Cost14 1,487,032 3,739,836
Purchase of Financial Asset-FVTPOL15 –13 (2,910)
Receipt From Repayment Of Loan & Advances16 11,297 3,047
Additional to Staff Loan & Advances17 (5,932) (9,287)
Receipt From Repayment of Bank Loan & Advances18 136,635 62,741
Addition to Bank Loan & Advances19 (149,491) (91,491)
Investment Income Received20 1,320,432 1,189,053
Other Operating Income Received21 6,259 6,032
Acquisition of Property, Plant & Equipment/Capital work in Progress (40,779) (698,624)
Proceeds From Disposal of Property, Plant & Equipment 3,413 18,579
Rental Income Received22 10,253 7,611
Acquisition of Intangible Asset (3,798) (34,189)
Share Issue/Deposit for Shares in Subsidiaries23 –13 –13
Net Cash Generated From Investing Activities 2,775,321 1,954,802
Deposit for Shares24 –25 Not reported in this filing26
Net Cash Generated From Financing Activities –27 –27
Net Increase/(Decrease) In Cash and Cash Equivalents (946,804) 658,163
Effect of Movement in Exchange Rate on Cash and Cash Equivalents 484,706 339,227
Cash and Cash Equivalents as at 1 January 2,315,714 1,328,316
Expected Credit loss provision28 (10,369) (9,992)
Cash and Cash Equivalent as at the end of the period 1,843,247 2,315,714
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
  3. Printed “-”, read as nil: subtotal_arithmetic: cf.net_change_in_cash.
Notes and alternative reported figures (25)
  1. “Premium Received” is an issuer-specific line, not mapped to a shared definition: Operating activities (direct method), note 6.
  2. “Paid Claim” is an issuer-specific line, not mapped to a shared definition: Operating activities, note 15(i).
  3. “Other Direct Atributable Expenses” is an issuer-specific line, not mapped to a shared definition: Operating activities, note 15(i).
  4. “Insurance acquisition expenses paid” is an issuer-specific line, not mapped to a shared definition: Operating activities, note 15(i).
  5. “Reinsurance premiums paid” is an issuer-specific line, not mapped to a shared definition: Operating activities, note 7(i).
  6. “Amounts received from reinsurance” is an issuer-specific line, not mapped to a shared definition: Operating activities, note 7(i).
  7. “Other Intrest Received (net of expenses)” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  8. “Cash Received From Customers” is an issuer-specific line, not mapped to a shared definition: Operating activities (non-insurance subsidiaries).
  9. “Cash Paid to Suppliers/Creditors” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  10. “Cash Paid to and On behalf of Employees” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  11. “Cash Payments for Other Operating Expenses” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  12. “Purchase of Financial Asset at Amortised Cost” is an issuer-specific line, not mapped to a shared definition: Investing activities, note 5.2(a).
  13. “Proceeds From Disposal of Financial Assets at Amortised Cost” is an issuer-specific line, not mapped to a shared definition: Investing activities, note 5.2(b).
  14. “Purchase of Financial Asset-FVTPOL” is an issuer-specific line, not mapped to a shared definition: Investing activities, note 5.1(a).
  15. “Receipt From Repayment Of Loan & Advances” is an issuer-specific line, not mapped to a shared definition: Investing activities, note 5.2d(i).
  16. “Additional to Staff Loan & Advances” is an issuer-specific line, not mapped to a shared definition: Investing activities, note 5.2d(i).
  17. “Receipt From Repayment of Bank Loan & Advances” is an issuer-specific line, not mapped to a shared definition: Investing activities, note 5.2d(ii).
  18. “Addition to Bank Loan & Advances” is an issuer-specific line, not mapped to a shared definition: Investing activities, note 5.2d(ii).
  19. “Investment Income Received” is an issuer-specific line, not mapped to a shared definition: Investing activities, note 29.
  20. “Other Operating Income Received” is an issuer-specific line, not mapped to a shared definition: Investing activities, note 38.
  21. “Rental Income Received” is an issuer-specific line, not mapped to a shared definition: Investing activities, note 38.
  22. “Share Issue/Deposit for Shares in Subsidiaries” is an issuer-specific line, not mapped to a shared definition: Investing activities, note 10b; nil in the Group columns.
  23. “Deposit for Shares” is an issuer-specific line, not mapped to a shared definition: Financing activities; printed dash (current year).
  24. Not reported in this filing: The line 'Deposit for Shares' (statement of cash flows, financing activities, p97) carries a 2025 entry only (a dash in the group 2025 and company 2025 columns); the group 2024 column is blank (p97). Blank cell not interpreted as nil; 'Net Cash Generated From Financing Activities' prints '-' for 2024. Checked on the page image (p97).
  25. “Expected Credit loss provision” is an issuer-specific line, not mapped to a shared definition: Note 4.1: expected credit loss allowance on cash, deducted to reach closing cash.

Per share and shares

Per share and shares. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Earnings / (loss) per share (per share)3 0.09551 0.33992
Profit / (loss) attributable to shareholders (NGN thousands)4 635,778 2,265,976
  1. Printed as 9.55 kobo; value converted to NGN at 100 kobo = 1 NGN.
  2. Printed as 33.99 kobo; value converted to NGN at 100 kobo = 1 NGN.
Notes and alternative reported figures (2)
  1. Earnings / (loss) per share: printed as “Basic and diluted earnings per shares (in kobo)”.
  2. Profit / (loss) attributable to shareholders: printed as “to Owner's of parent”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

No dividend statement or amount collected.

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Regency Alliance Insurance Plc (RC 223946) Audited Report and Financial Statements for the year ended 31st December 2025

    Year ended 31 December 2025 · Audited financial statements · signed / final

    Audit: TAC Professional Services (Chartered Accountants), unmodified opinion · signed

    Auditor's sign-off: Tunde Faniyi, FRC/2012/PRO/ICAN/004/00000000325, for TAC Professional Services

    Final status: Independent auditors' report to the members of Regency Alliance Insurance Plc (scanned insert; opinion PDF p44) signed (handwritten) by Tunde Faniyi (FRC/2012/PRO/ICAN/004/00000000325) for TAC Professional Services, Chartered Accountants, Lagos, dated '13 July, 2026' with the day handwritten, and the ICAN seal (PDF p47, page image). Statements approved by the board of directors on July 13, 2026 and signed (handwritten) by the acting chairman, a director and the CFO (PDF p94, page image).

    Document date
    13 Jul 2026
    Auditor's report
    13 Jul 2026
    Board approval
    13 Jul 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · NGN thousands (printed “=N='000”)
    • Earnings per share: the Group prints 9.55 kobo for 2025 (2024: 33.99) while the Company prints 5.02 (p95); profit attributable to owners of 635,778 thousand over the 12,003,750 thousand shares implied by share capital of 6,001,875 thousand at 50 kobo is about 5.3 kobo. Kept as printed.
    • Cash flows (p97): the net increase/(decrease) before exchange differences is (946,804) (2024: 658,163); 'Net Increase/(Decrease) In Cash and Cash Equivalents during the year' after exchange differences (462,098) (2024: 997,390) is not transcribed separately; closing cash is after an expected credit loss provision on cash (10,369; 2024: 9,992, note 4.1). Closing cash 1,843,247 against the statement of financial position's 1,843,249 (p94).
    • The statement of financial position is unclassified and prints no total-equity line: the equity section closes with 'Total' attributable to owners (14,680,115; 2024: 14,044,338) and 'Non-controlling Interest in Equity' (24,173; 2024: 22,846), followed by 'Equity and Liabilities' (p94). Total equity is recorded as not reported. In 2024 the owners' total, NCI and total liabilities sum to 21,857,187 against the printed 21,857,189 (issuer rounding). A dash is printed in the Group 2025 column on the 'Non-controlling Interest in Equity:' heading row; it is not read.
    • Earnings per share is printed in kobo, basic and diluted on one line (9.55; 2024: 33.99, p95); stored in naira (÷100) with the printed figure and unit kept.
    Technical details
    File
    184 pages, with a text layer
    SHA-256
    e7fbe3aebf3b7ad3c95a87c0053f35b70c6c08bb681979020a71317cc6b05e08
    Entity as printed
    Regency Alliance Insurance Plc ("the Company") and its subsidiaries (together "the Group")
    Exchange copy
    retrieved 2026-10-08T18:02:05Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

Download

Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

· Company methodology and coverage