Africa Re's 2008 results

The gross written premiums' volume amounts to 401.04 million USD. This figure is in a progression of 8.53% in comparison with 2007 (369.51 million USD).
Underwriting results are in regression. They fall from 7.17 million USD in 2007 down to 1.68 million USD in 2008.
The loss ratio has slightly deteriorated: 62.26% in 2008 versus 60.48% in 2007.
Pre-tax net profit amounts to 20.49 million USD in 2008.
Legal cessions account for only 14% of the turnover.

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