Standard Alliance Insurance releases FY 2017 results

Standard Alliance Insurance Plc has released its results for the financial year ended December 2017. Here are highlights of the result.

Gross Premium Written

Gross Premium written increased from N4.3 billion in 2016 to N4.8 billion in 2017.

Profit Before Tax

The company made a profit before tax of N65.8 million in 2017  as against a loss before tax of N1.2 billion in 2016.

Profit after tax

The firm made a profit after tax of N58.5 million in 2017 as against a N1.3 billion loss recorded in the comparative period of 2016.

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