COMPANY REPORT: ROYAL EXCHANGE PLC.

ROYAL EXCHANGE PLC SUMMARY OF GROUP RESULTS FOR THE PERIOD ENDED 31ST MARCH 2019

2019 2018

Gross Written Premium 5,601,158 7,679,374 (27%)

Underwriting Income 2,376,051 2,699,282 (12%)

Claims Expenses (930,248) (521,966) (79%)

Underwriting Expenses (882,437) (943,515) 7%

Management Expenses (772,909) (1,266,814) 39%

Underwriting Profit 563,366 1,233,801 (55%)

Net Income 630,821 1,839,217 (66%)

Profit/(Loss) before TAX (142,088) 572,403 (125%)

Income Tax (45,468) (183,489) 76%

Profit(Loss) after taxation (187,556) 389,914 (148%)

Total Comprehensive Income (187,556) 389,914 (148%)

Earnings per share for the year (4) kobo 8 kobo

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