Royal Exchange: N11bn Premium Drop in 9 Months, N356m Loss in Qtr 3

Royal Exchange Plc has reported N11 billion drop in Gross Premium Written (GPW) in the first nine months of 2021 from N13. 725 billion in 2020 to N2.211 billion as at September 30, 2021.
The company also reported Group loss after taxation of N536.025 million in nine months from a profit level of N565.662 million recorded in the same period of 2020.
And for the three months ended 30 September 2021, the Group loss came to N355.938 million from a profit of N145.587 million in third quarter of 2020.