African reinsurers: ranking according to turnover 2023

December 12, 2024
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In thousands USD

RankCompaniesTurnoversShareholders’ equityNet resultROECombined ratio
202320222022-2023 evolution2023 shares
1Africa Re1 106 487951 78916.25%19.37%1 065 691126 95511.91%93.50%
2Munich Re of Africa902 8461 059 593-14.79%15.81%196 92125 91113.16%96%
3Société Centrale de Réassurance
-
SCR
369 266329 39312.10%6.46%284 63428 52210.02%93.44%
4Compagnie Centrale de Réassurance
-
CCR
347 359303 12714.59%6.08%334 24246 79614%73.95%
5Swiss Re Africa328 600429 950-23.57%5.75%84 20010 60012.59%80%
6Hannover Re South Africa297 695307 875-3.31%5.21%128 62315 20911.82%76%
7WAICA Re255 700203 53525.63%4.48%159 17036 04322.64%83%
8Zep Re
(PTA Reinsurance Co)
238 134214 06011.25%4.17%336 55914 1874.22%59.15%
9General Reinsurance Africa228 782252 455-9.38%4.01%91 77015 38916.77%79.54%
10CICA Re197 867178 31310.97%3.46%176 05316 8379.56%75.46%
Total top 104 272 7364 230 0901.01%74.80%2 857 863336 44911.77%-
Rest of market (1)1 439 2691 584 997-9.19%25.20%1 125 175159 50614.18%-
Total market5 712 0055 815 087-1.77%100%3 983 038495 95512.45%-

(1) 38 companies
Source: Atlas Magazine

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