Royal Exchange Plc released its audited full-year results for the year ended December 31, 2020.
- Net premium income for the period was N8.19 billion. (-6% YoY)
- Fees and commission income of N663.21 million. (+38.3% YoY)
- Net claims expenses of N2.7 billion. (-16% YoY)
- Underwriting profit was N1.12 billion. (+22.2% YoY)
- Operating expenses totalled N2.3 billion. (-3.6% YoY)
- Loss after tax was N77.12 million.
- No dividend was declared during the period.
See link to results.