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African Alliance Insurance’s profit rises 22% despite 91% revenue fall | Mukoko News

HomebusinessAfrican Alliance Insurance’s profit rises 22% despite 91% revenue fall

business1 min readBy Oluwapelumi Adesanya

African Alliance Insurance’s profit rises 22% despite 91% revenue fall

BusinessDay Nigeria

By Oluwapelumi Adesanya·October 14, 2026·Nigeria

Image via BusinessDay Nigeria. Supplied with the article; rights remain with the copyright holder.

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African Alliance Insurance reports 22% profit growth despite a 91% revenue decline, driven by PAL income and investment earnings.

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…N36bn PAL income, investment earnings cushion insurer against N34.2bn insurance service loss African Alliance Insurance Plc’s profit after tax rose

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companies african-alliance-insurance bdothernews profit revenue pal-income

About this article

Length: 20 words · 1 min read
Published: October 14, 2026
Byline: Oluwapelumi Adesanya
Source: BusinessDay