Follow Us on Google Discover![[Corporate Action] Standard Alliance Records 104% Rise In Profits For 2015 H1](https://cdn.nairametrics.com/wp-content/uploads/2015/09/sterling-rise.png)
Standard Alliance recorded a 149% rise in pre-tax profits from N243 million in 2014 to N605 million in 2015. Profit after tax also rose by 104%, from N243 million in 2014 to N496 million in 2015. See summary of result below…
| STANDARD ALLIANCE INSURANCE H1 | N’m | N’m | |
| Insurance | 30-Jun-15 | 30-Jun-14 | |
| Gross Premium | 2,512 | 2,525 | -1% |
| Underwriting Profits | 1,228 | 660 | 86% |
| Other Income & Investment Income | 182 | 33 | 452% |
| Operating Expenses | -753 | -543 | 39% |
| Pre-tax profits | 605 | 243 | 149% |
| Profit After Tax | 496 | 243 | 104% |
| Current Share Price | 0.50 |
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