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Kenya Reinsurance Corporation Limited (Kenya)

Main Activities: Reinsurance Carriers
Full name: Kenya Reinsurance Corporation Limited Profile Updated: August 02, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Kenya Reinsurance Corporation Limited (Kenya Re) is the oldest reinsurer in Eastern and Central Africa. It was established in December 1970 through an Act of Parliament and began operations in January 1971. Kenya Re's main focus is providing reinsurance services for various types of businesses. Over the years, the company has served more than 482 companies across 83 countries in Africa, the Middle East, and Asia. Kenya Re is dedicated to delivering world-class reinsurance services and has undergone a rating process by international agencies. It received a rating of B (Fair) from A.M. Best and is currently maintaining this rating. Additionally, the company holds a rating of AA+ from Global Credit Rating (GCR).

Headquarters
Reinsurance Plaza, Along Aga Khan, Along Aga Khan Walk Taifa Road
Nairobi; Nairobi; Postal Code: 00100

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Website: http://www.kenyare.co.ke

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1970
Key Executives
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Chairman
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Director / Member of the Management Board
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Director / Member of the Management Board
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Managing Director
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Outside Director
Ownership Details
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80.18%
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16.07%
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3.75%
Subsidiaries
Kenya Reinsurance Corporation Limited Cote D Ivoire (Ivory Coast)
Kenya Reinsurance Corporation Uganda Limited-Smc
Kenya Reinsurance Corporation Zambia Limited (Zambia)
Company Performance
Financial values in the chart are available after Kenya Reinsurance Corporation Limited report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency KES. Absolute financial data is included in the purchased report.
Net insurance premium revenue
-90.66%
Operating profit (EBIT)
78.04%
Net Profit (Loss) for the Period
16.73%
Total assets
-9.75%
Investments
-10.48%
Receivables
-65.53%
Total equity
18.57%
Net Premiums Earned Trend
-57.17%
Net Profit Trend
8.07%
Return on Equity (ROE)
-0.03%
Underwriting Expenses Ratio
114.94%

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