Africa Re: H1 2020 results

Afirca ReAt 30 June 2020, Africa Re recorded a turnover of 393.04 million USD: a decrease of 8.99% compared to the 431.87 million USD established at the end of June 2019.

Such a decline is due to the depreciation of several African currencies mainly in South Africa, Nigeria, Algeria, Tunisia, ...

The net technical result amounted to 5.47 million USD in the first half of 2020 against a loss of 14.32 million USD in 2019.

The net profit showed an increase of 30.09% from 14.39 million USD in 2019 to 18.72 million USD one year later. The combined ratio improved by 6.39 points and was set at 98.21%.

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