SCG-Ré: turnover increase in Q1 2022

During Q1 2022, Société Commerciale Gabonaise de Réassurance (SCG-Ré) has recorded an 8% increase in its turnover with 6.603 billion FCFA (11.23 million USD).

The net incurred losses of retrocession increased by 169% reaching 737 million FCFA (1.25 million USD) at the end of March 2022. During the period under review, general expenses amounted to 590 million FCFA (1.003 million USD), a decrease of 11% over one year.

Financial income increased from 28.1 million FCFA (50 300 USD) in Q1 2021 to 32.6 million FCFA (55 420 USD) one year later, thus increasing by 16% over one year.