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Africa Re reported gross reinsurance revenue of 249.5 million USD for the first three months of 2026, representing a year-on-year decline of 4.8%.
Gross written premiums increased by 9.9% to 316.339 million USD.
Net profit amounted to 16 million USD, down 37.4% compared with the same period in 2025.
Net investment income declined by 20.3% to 17.538 million USD.
As of the end of the first quarter of 2026, total assets and shareholders’ equity stood at 2.191 billion USD and 1.398 billion USD, respectively, both showing slight increases compared with the first quarter of 2025.
