Uganda Re
DATE OF CREATION: 6 May 2013, Uganda | |
CLASS OF BUSINESS: Life and non life | |
MAIN UNDERWRITING ZONE: Africa |
Uganda Re: contact
Address: Plot 19, Baskerville Avenue. P.O. Box 7371 Kampala, Uganda |
Tel: +256 417 117 860 / 771 565 075 |
Email: info [at] ugandare [dot] com |
Website: www.ugandare.com |
Uganda Re: rating
Agency | Rating | Outlook |
GCR | A+ (National business) | Stable |
Uganda Re: main indicators
in thousands USD2020 | 2021 | |
Turnover | 16 574 | 17 213 |
Shareholder’s equity | 10 990 | 12 948 |
Net result | 1 783 | 1 541 |
Uganda Re: turnover 2021 by class of business
in thousands USDPremiums | In % | |
Health | 6 678 | 38.80% |
Fire | 3 868 | 22.47% |
Engineering | 1 203 | 6.99% |
Motor | 519 | 3.02% |
Marine | 458 | 2.66% |
Other risks (1) | 3 201 | 18.59% |
Total non life | 15 927 | 92.53% |
Life | 1 286 | 7.47% |
Grand total | 17 213 | 100% |
(1) Including agricultural, bond and political risks
Uganda Re: capital and shareholding
Share capital | 4 142 000 USD |
Shareholders | In % |
Local insurers | 49.1% |
Regional reinsurers | 43.8% |
Local insurance brokers | 5.6% |
Local private investors | 1.5% |
Uganda Re: technical ratios
2020 | 2021 | |
Net loss ratio | 58% | 59.66% |
Management expenses ratio | 38% | 41.06% |
Net combined ratio | 96% | 100.72% |
Uganda Re: management
Twaha Kigongo Kaawaase | Chairman of the board |
Ronald Musoke | Chief executive officer |
Andrew Kawuzi | Head of technical operations |
Racheal Naggayi | Head of financial operations |
Exchange rate as at 31/12/2020: 1 UGX = 0.00027 USD ; 31/12/2021: 1 UGX = 0.00028USD
Source: Uganda Re
Read also | Reinsurance in Sub-Saharan Africa
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