Royal Exchange reports a loss after tax of N77.12 million in FY 2020.

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.

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