| Postion
or Loss and Comprehensive |
|
|
|
|
|
| for year ended Dec 31 2013 |
|
|
|
|
|
|
2013 |
|
2012 |
|
% Change |
|
N '000 |
|
N '000 |
|
|
| Gross Premium Written |
3,777,118 |
|
2,857,523 |
|
32.18% |
| Gross Premium Income |
3,490,151 |
|
2,624,123 |
|
33.00% |
| Reinsurance Expense |
-937,590 |
|
-553,941 |
|
69.26% |
| Net Premium Income |
2,552,561 |
|
2,070,182 |
|
23.30% |
| Fees and Commission Income |
76,506 |
|
70,310 |
|
8.81% |
| Net underwriting Income |
2,629,067 |
|
2,140,493 |
|
22.83% |
| Claims Expense incurred(net) |
-712,310 |
|
-425,231 |
|
67.51% |
| Underwriting Expense |
-534,639 |
|
-417,469 |
|
28.07% |
| Underwriting Profit |
1,382,118 |
|
1,297,792 |
|
6.50% |
| Net Interest Income |
46,109 |
|
42,444 |
|
8.63% |
| Net trading income |
44,615 |
|
37,067 |
|
20.36% |
| Investment Income |
149,717 |
|
97,846 |
|
53.01% |
| Other Operating Income |
31,377 |
|
36,769 |
|
-14.66% |
| Management Expenses |
-1,070,304 |
|
-805,391 |
|
32.89% |
| Net realised gain on financial assets |
-6 |
|
1,685 |
|
-100.36% |
| Unrealised fair gain value on equities |
229,171 |
|
271,223 |
|
-15.50% |
| Impairment on trade receivable |
0 |
|
-241,034 |
|
-100.00% |
| Result of Operating Activities |
812,797 |
|
738,400 |
|
10.08% |
| Borrowing Cost |
-2,176 |
|
-3,157 |
|
-31.07% |
| Profit Before Tax |
810,621 |
|
735,243 |
|
10.25% |
| income Tax Expense |
-336,929 |
|
-295,263 |
|
14.11% |
| Profit After Taxation |
473,691 |
|
439,980 |
|
7.66% |
|
|
|
|
|
|
| Unrealised fair Value gain/(loss) on
equities |
-116 |
|
302 |
|
-138.41% |
|
|
|
|
|
|
| Total Other Comprehensive income /(Loss) |
-116 |
|
302 |
|
-138.41% |
|
|
|
|
|
|
| Total comprehensive income
for the year |
473,576 |
|
440,282 |
|
7.56% |
| Attributable: |
|
|
|
|
|
| To owner's of parent |
454,791 |
|
425,457 |
|
6.89% |
| To Non Controlling Interest |
18,785 |
|
14,825 |
|
26.71% |
|
473,576 |
|
440,282 |
|
7.56% |
| Earning Per Share |
|
|
|
|
|
| Basic and Diluted (in Kobo) |
7.10 |
|
6.60 |
|
7.58% |
|
|
|
|
|
|
| Source - NSE Website / Regency Alliance |
|
|
|
|
|
| STATEMENT OF COMPREHENSIVE INCOME |
|
|
|
|
| for Q1 2014 |
2014 |
|
2013 |
|
%CHNG |
| Gross Premium Written |
1,066,749,283 |
|
697,103,796 |
|
53.03% |
| Gross Premium Income |
987,681,219 |
|
509,158,562 |
|
93.98% |
| Reinsurance Expenses |
(280,537,049) |
|
(126,784,408) |
|
121.27% |
| Net Premium Income |
707,144,170 |
|
382,374,154 |
|
84.94% |
| Fees and Commission Income |
737,415 |
|
401,411 |
|
83.71% |
| Net Underwriting Income |
707,881,585 |
|
382,775,565 |
|
84.93% |
| Claims Expenses Incurred (net) |
(191,712,413) |
|
(37,141,083) |
|
416.17% |
| Underwriting Expenses |
(99,814,445) |
|
(79,046,613) |
|
26.27% |
| Underwriting Profit |
416,354,727 |
|
266,587,869 |
|
56.18% |
| Investment Income |
35,954,550 |
|
26,613,046 |
|
35.10% |
| Other Operating Income |
58,769,642 |
|
2,283,477 |
|
2473.69% |
| Management Expenses |
(166,828,678) |
|
(139,497,533) |
|
19.59% |
| Unrealised fair value
gain/(loss) on equities |
(8,322,917) |
|
9,667,615 |
|
-186.09% |
| Profit Before Tax |
335,927,324 |
|
165,654,474 |
|
102.79% |
| Income Tax Expense |
(60,708,502) |
|
(24,525,353) |
|
147.53% |
| Profit/(Loss) After Taxation |
275,218,821 |
|
141,129,122 |
|
95.01% |
Total comprehensive
income/(loss) for the |
275,218,821 |
|
141,129,122 |
|
95.01% |
Earnings per share
Basic and Diluted (in kobo) |
4.13 |
|
2.12 |
|
94.81% |
| Source - NSE Website / Regency
Alliance Plc |
|
|
|
|
|
|
|