Uganda Re: Results 2019

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Uganda Reinsurance CompanyUganda Reinsurance Company (Uganda Re) recorded a turnover increase of 50.7% for the year 2019. Premiums rose from 33.5 billion UGX (8.96 million USD) in 2018 to 50.5 billion UGX (13.69 million USD) twelve months later.

The net result amounted to 5.55 billion UGX (1.5 million USD), an increase of 8.4% compared to the 5.12 billion UGX (1.37 million USD) recorded on 31 December 2018.

The technical result downgraded by 63% was set at 1.36 billion UGX (370,000 USD). In contrast, the investment income increased by 20% and was established at 5.66 billion UGX (1.53 million USD).

Read also | Uganda Insurance Market

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Tue, 25/08/2020 - 09:12
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