By InvestAdvocate

Lagos (INVESTADVOCATE)-Insurer, Regency Alliance Insurance Plc on Monday said its pretax profit for the 2014 audited period dipped 37.6 percent to N505.3 million from N810.2 million recorded a year earlier.

Similarly, profit after tax (PAT) declined 7.2 percent to N439.1 million from N473.3 million in the corresponding period of 2013.

However, gross premium income grew from N3.490 billion in 2013 end to N4.084 billion in the review period of 2014; indicating a growth of 17.02 percent, according to the insurer in a filing with the Nigerian Stock Exchange (NSE).