ROYAL Exchange Plc said it generated a gross written premium of N12.8 billion for the 2017 financial year.
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Royal Exchange
Royal Exchange posts N13.8bn premium in 2017
ROYAL Exchange Plc said it recorded N13.8 billion gross written premium, GWP, for the year ended December 31st 2017, representing 10.4 percent increase from N12.5 billion recorded the previous year. The company also recorded N7.1 billion net premium income for the period, while the underwriting profit stood at N7.6 billion.
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Royal Exchange makes N12.8b premium
Royal Exchange Plc posted a Gross Premium of N12.8 billion as at last December. This represents an increase in revenue when compared to the previous year’s figure, which stood at N12.5 billion. The firm’s Group Managing Director, Alhaji Auwalu Muktari, made this known following the release of the company’s financial results on the floor ofRead More
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Royal Exchange grosses N12.8b premium in 2017
Royal Exchange Plc yesterday released its audited report for the 2017 business year, showing modest increase in gross premium written from N12.5 billion in 2016 to N12.8 billion in 2017. Key extracts of the audited report and accounts for the year ended December 31, 2017 showed that net premium income stood at N7.1 billion whileRead More
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Royal Exchange restructures for market dominance
After 100 years of existence, Royal Exchange Plc has announced plans to restructure its key operations, to enable the group and its various subsidiaries respond to the demands and needs of its clientele across the country. The exercise, which has begun, was announced by the Group Managing Director, Royal Exchange Plc, Alhaji Auwalu Muktari, duringRead More
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