By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE)-Insurer, Standard Alliance Insurance Plc on Friday posted a loss of N2.08 billion from a loss of N881 million recorded a year ago.
Similarly, pretax profit dipped from N789.73 million in the audited period of 2013 to N1.98 billion in the review period of 2014.
However, gross premium of Standard Alliance increased from N3.79 billion in 2013 to N4.33 billion in the review period of 2014; indicating an increase of 14.3 percent, the insurer said in a filing with the Nigerian Stock Exchange (NSE).
