Royal Exchange grows profit by 10% to N22.76 million in Q1 2021.

Royal Exchange Plc released its unaudited consolidated financial statements for the quarter ended 31 March, 2021.

  • Net premium income during the period was N2.6 billion. (+22% YoY)
  • Fees and commission income of N120.4 million. (+14% YoY)
  • Underwriting profit of N822.41 million. (+69% YoY)
  • Total expenses of N850.24 million. (+62% YoY)
  • Total assets stood at N27.63 billion during the period under review.
  • Profit after tax was N22.76 million (+10% YoY)
  • Total shareholders fund was N3.29 billion. (-10% YoY)
  • Loss per share of -N2 Vs. -N3 YoY

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