WorldStage Newsonline– Standard Alliance Insurance Plc which underwrites life and non-life insurance risks and listed on the Nigerian Stock Exchange (NSE) has released its financial statements for the year ended 31 December 2018 with a 88.41% decline in pretax profit at N32.206 million from N277.766 million in full year 2017.
The company recorded 26% decline in gross premium written at N3.757 billion during the period down from N5.057 billion in 2017.
There was no activity on the stock of Standard Alliance on the NSE today as the price stood at N0.2.
The major investors in the company include Gemrock Management Company Limited 20.09%, Standard Alliance Investments Limited 19.81% and FCMB Plc 5.42%.
