African Alliance Profit Falls 52% to N1.54bn

African Alliance Insurance Plc has reported a 51.6% decline in profit after tax to N1.54bn for the nine months ended September 30, 2025, compared with N3.17bn for the full year ended December 31, 2024. The insurer's profit before tax also fell to N1.55bn from N3.18bn. The weaker performance was driven largely by a sharp contraction in insurance earnings and investment returns. This financial deterioration comes amid a turbulent period for the insurer. In August 2026, the National Insurance... Read more

  Economy   Oct 6, 2026   0   15  Add to Reading List
African Alliance Profit Falls 52% to N1.54bn












African Alliance Insurance Plc has reported a 51.6% decline in profit after tax to N1.54bn for the nine months ended September 30, 2025, compared with N3.17bn for the full year ended December 31, 2024. The insurer's profit before tax also fell to N1.55bn from N3.18bn. The weaker performance was driven largely by a sharp contraction in insurance earnings and investment returns.

This financial deterioration comes amid a turbulent period for the insurer. In August 2026, the National Insurance...

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