NGX Lifts Suspension on Regency Alliance Insurance Shares
The Nigerian Exchange Limited (NGX) has lifted the suspension on trading shares of Regency Alliance Insurance Plc, following the submission of its audited financial statements for the year ended December 31, 2024 and outstanding unaudited financial statements for 2025.
The suspension was initially imposed due to the company’s failure to file its audited financial statements for the year ended December 31, 2024, within the regulatory deadline.
NGX stated that, “we refer to our Market Bulletin dated September 1, 2025, wherein we notified trading license holders and the investing public of the suspension in the trading on the shares of Regency Alliance Insurance in line with the Rules for filing of accounts and treatment of default filing.
NGX said, “The company has now filed its audited financial statements for the year ended December 31, 2024 and outstanding Unaudited Financial Statements for 2025.
“In view of the Company’s submission of its 2024 AFS, and pursuant to Rule 3.3 of the Default Filing Rules, which states that the suspension of trading in the issuer’s securities shall be lifted upon submission of the relevant accounts, provided the Exchange is satisfied that the accounts comply with all applicable rules of the Exchange.
“The Exchange shall thereafter also announce through the medium by which the public and the SEC were initially notified of the suspension, that the suspension has been lifted. Trading license holders and the investing public are hereby notified that the suspension placed on trading on the shares of Regency Alliance Insurance Plc was lifted on September 9, 2025.”
For the year ended December 31, 2024, the Company posted insurance revenue of N7.302 billion as against N6.083 billion in 2023, a growth of 20 per cent. Profit before tax grew by 19 per cent to N2.516 billion compared to N2.108 billion in 2023.
Also, the Company in the first quarter ended March 31, 2025, declared insurance revenue of N2.800 billion, higher than N2.422 billion in Q1. 2024. However, profit before tax declined by 25.3 per cent from N617.172 million to N461.055 million during the period under review.
For the half year ended June 30, 2025, the Company’s insurance revenue amounted to N5.727 billion as against N3.618 billion in H1, 2024. Profit before tax dropped to N321.173 million from N911.246 million in 2024.
