Kenya Re: good results 2019

In a challenging economic situation, Kenya Reinsurance Corporation (Kenya Re) recorded good results for the year 2019.

The gross written premiums increased by 18%, amounting to 17.52 billion KES (171.374 million USD). The profit before tax rose by 34.6% going from 3.102 billion KES (30.282 million USD) in 2018 to 4.176 billion KES (40.848 million USD) one year later.

The investment income was established at 3.71 billion KES (36.289 million USD), that is an increase of 10% over one year. The shareholder’s equity grew by 13% to 31.95 billion KES (312.522 million USD) by the end of 2019.

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