Zambia Re: 2023 results

Zambia Re - LogoZambia Re has published its financial statements for the year ended 31 December 2023, in accordance with IFRS 17 accounting standards.

The reinsurer closed the 2023 financial year with a reinsurance revenue of 90.023 million ZMW (3.5 million USD), down by 3% on the 92.712 million ZMW (5.1 million USD) recorded at the end of 2022.

The net result increased from 2.54 million ZMW (140 290 USD) in 2022 to 15.514 million ZMW (601 030 USD) one year later.

The company's equity climbed by 18.7% to 105.392 million ZMW (4.1 million USD). Total assets reached 151.653 million ZMW (5.9 million USD), up by 7.5% over one year.

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