May 11, 2026
IronRock Insurance Company Limited (ROC)
Unaudited financials for the three months ended March 31, 2026:
IronRock Insurance Company Limited (ROC) for the three months ended March 31, 2026 reported a 21% increase in Insurance Revenue totaling $593.93 million compared to $491.04 million in the corresponding period last year.
Year to date, Reinsurance Contracts Expense amounted to $375.34 million (2025: $309.48 million), this represents an increase of 21% year over year. Additionally, insurance service contracts expense increased by 14% to $194.01 million compared to $169.78 million for the three months ended March 31, 2025.
Year to date, Insurance Service results increased by 109% to close at $24.58 million (2025: $11.78 million), while Investment return increased by 45% from $25.34 million in 2025 to $36.65 million in the period under review.
Other Income for the three months ended March 31, 2026, amounted to $1.15 million (2025: Other income of $4.96 million), while Other operating expenses totaled $51.22 million, a 3% increase from the corresponding period last year (2025: $49.91 million).
Profit before taxation for the three months ended March 31, 2026, amounted to $6.97 million, a turnaround from the loss of $7.83 million reported in 2025. No tax charge was incurred for the three months ended March 31, 2026 (2025: nil). Profit for the period for the three months amounted to $6.97 million (2025: Net loss of $7.83 million).
Consequently, Earnings Per Share for the three months amounted to $0.03 (2025: LPS: $0.04). The twelve-month trailing EPS was $0.01 and the number of shares used in these calculations was 214,000,000. Notably, ROC’s stock price closed the trading period on May 8, 2026 at a price of $2.55 with a corresponding P/E ratio of 231.42x.
Balance Sheet Highlights
The company’s assets totaled $4.03 billion (2025: $1.84 billion). The movement in total assets was primarily attributable to a 390% increase in ‘Reinsurance Contracts Assets’ amounting to $1.93 billion (2025: $394.57 million) and a $244.43 million increase in ‘Cash and cash equivalents’ amounting to $504.40 million (2025: $259.97 million).
Shareholders’ equity was $787.37 million (2025: $803.76 million), representing a book value per share of $3.68 (2025: $3.76).
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