African reinsurers in 2019: turnover and shareholder's equity

Figures in USD
RankCompaniesCountryturnover2019 shareholder's equity
201920182018-2019 evolution
1
Munich Reinsurance of Africa
South Africa852 765 000762 954 00011.77%223 514 000
2
Africa Re
Nigeria844 786 000797 415 0005.94%975 198 000
3
Swiss Re Africa
South Africa412 992 000265 587 00055.50%51 847 000
4
Compagnie Centrale de Réassurance
Algeria299 206 000269 172 00011.16%269 892 000
5
Genral Reinsurance Africa
South Africa249 105 000191 545 00030.05%154 633 000
6
Hannover Reinsurance Africa
South Africa237 052 000192 861 00022.91%73 318 000
7
Hannover Life Reassurance Africa
South Africa217 226 000200 068 0008.58%61 476 000
8
RGA Re
South Africa216 826 000207 146 0004.67%95 255 000
9
Société Centrale de Réassurance
Morocco210 280 000211 578 000-0.61%259 310 000
10
Zep Re
Kenya207 000 000178 500 00015.97%NA
11
GIC RE (1)
South Africa202 028 000138 620 00045.74%86 864 000
12
African Reinsurance Corporation
South Africa183 541 000203 098 000-9.63%58 056 000
13
Kenya Re
Kenya171 359 000144 823 00018.32%312 478 000
14
Continental Re
Nigeria130 597 00093 948 00039.01%82 718 000
15
CICA Re
Togo109 095 00093 153 00017.11%107 342 000
16
SCOR Africa
South Africa 91 372 00087 209 0004.77%29 865 000
17
WAICA Re
Sierra Leone 70 340 00057 972 00021.33%89 371 000
18
Africa Retakaful (2)
Egypt64 410 00051 730 00024.51%NA
19
Tan Re
Tanzania 60 800 00047 954 00026.79%31 442 000
20
Tunis Re
Tunisia57 937 00047 434 00022.14%71 644 000
21
East Africa Re
Kenya 45 623 00039 099 00016.69%49 646 000
22
Ghana Re
Ghana 44 332 00042 353 0004.67%63 896 000
23
NCA Re
Côte d'Ivoire 32 348 00030 550 0005.89%23 634 000
24
Continental Re Kenya 
Kenya 31 902 00027 922 00014.25%12 833 000
25
Sen Re 
Senegal31 703 00029 688 0006.79%19 626 000
26
AVENI Re (2)
Côte d'Ivoire28 172 00028 172 000-NA
27
SCG-Ré 
Gabon25 015 00023 226 0007.70%15 887 000
28
Ethiopian Re (3)
Ethiopia23 785 00023 708 0000.32%25 831 000
29
Globus Re
Burkina Faso21 636 00018 098 00019.55%8 288 000
30
NamibRe (1)
Namibia21 012 00020 141 0004.32%16 282 000
31
Uganda Re
Uganda13 644 0009 055 00050.68%9 195 000
32
GN Re
Ghana8 337 0007 831 0006.46%21 615 000
33
Grand Re
Zimbabwe*7 060 00021 157 000-66.63%4 536 000
34
Ghana Re Kenya
Kenya6 588 0004 779 00037.85%11 074 000
35
ZB Re
Zimbabwe*6 577 00019 157 000-65.67%5 363 000
36
Tropical Re
Zimbabwe*5 980 00013 297 000-55.03%2 752 000
37
Zep Reinsurance
Zimbabwe*5 605 00016 113 000-65.21%9 916 000
38
Waica Re Kenya
Kenya4 514 000--10 271 000
39
FBC Re
Zimbabwe*4 399 00017 456 000-74.80%4 854 000
40
Emeritus General Re
Zimbabwe*4 394 00012 641 000-65.24%4 763 000
41
First Mutual Re 
Zimbabwe*3 873 00015 911 000-75.66%1 737 000
42
Prima Re
Zambia3 111 0002 763 00012.60%3 395 000
43
Waica Re (Ex.Colonnade Re)
Zimbabwe*1 752 000644 000172.05%4 203 000
44
Emeritus Re (Life) (4)
Zimbabwe*742 0004 060 000-81.72%1 109 000
45
FBC Re Life (4)
Zimbabwe*251 000842 000-70.19%1 821 000
46
First Mutual Re (Life & Health) (4)
Zimbabwe*193 0002 600 000-92.58%210 000
47
Zep Re Life (4)
Zimbabwe*135 0001 614 000-91.64%115 000

(1) Fiscal year ending March
(2) 2018 data
(3) Fiscal year ending June
(4) Shareholder’s equity as at 30 September 2019
NA: not available
* The significant decrease in premiums for Zimbabwean reinsurers in 2019 is due to the monetary reforms undertaken by Zimbabwe following the reintroduction of the single currency regime.

Sources : Atlas Magazine and companies

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