African reinsurers: 2021 technical ratios
| Company | Country | 2021 technical ratios | |||
|---|---|---|---|---|---|
| SE/Gross premiums | ROE (NR/SE) | SC/SE | NR/Gross premiums | ||
| Tropical Reinsurance | Zimbabwe | 41.18% | 205.01% | 0.07% | 84.42% |
| SCOR SE - Africa Branch | South Africa | -28.90% | 100.36% | - | -29.00% |
| Emeritus Re (Life) | Zimbabwe | 236.70% | 88.97% | 0.76% | 210.60% |
| Emeritus Reinsurance | Zimbabwe | 65.35% | 72.52% | 4.23% | 47.39% |
| First Mutual Reinsurance (Life & Health) | Zimbabwe | 447.69% | 69.98% | 1.36% | 313.29% |
| FBC Reinsurance | Zimbabwe | 71.76% | 59.60% | 4.34% | 42.77% |
| First Mutual Reinsurance | Zimbabwe | 64.03% | 47.56% | 16.13% | 30.45% |
| ZB Reinsurance | Zimbabwe | 61.30% | 44.99% | 0.26% | 27.58% |
| Grand Reinsurance | Zimbabwe | 25.12% | 25.81% | 1.66% | 6.48% |
| Waica Re Zimbabwe | Zimbabwe | 51.03% | 25.66% | 0.90% | 13.09% |
| Continental Re Kenya | Kenya | 47.26% | 20.70% | 52.20% | 9.79% |
| WAICA Re | Sierra Leone | 74.17% | 17.52% | 57.15% | 13.00% |
| Zep Re Life | Zimbabwe | 185.10% | 14.04% | - | 26.00% |
| Compagnie Centrale de Réassurance | Algeria | 96.73% | 13.06% | 65.21% | 12.63% |
| WAICA Re Kenya | Kenya | 88.46% | 12.82% | 83.96% | 11.34% |
| Continental Re | Nigeria | 61.42% | 12.60% | 14.48% | 7.74% |
| Uganda Re | Uganda | 75.22% | 11.90% | 31.99% | 8.95% |
| Ghana Re | Ghana | 112.92% | 11.87% | 30.14% | 13.40% |
| Société Centrale de Réassurance | Morocco | 101.87% | 11.66% | 82.01% | 11.87% |
| GIC Re South Africa (2) | South Africa | 108.97% | 11.28% | 73.30% | 12.29% |
| Tan Re | Tanzania | 52.95% | 10.95% | 100.00% | 5.80% |
| Zep Reinsurance | Zimbabwe | 50.31% | 10.39% | - | 5.23% |
| Globus Re | Burkina Faso | 39.45% | 9.71% | 77.52% | 3.83% |
| SCG-Ré | Gabon | 78.89% | 8.81% | 86.57% | 6.95% |
| Ghana Re Kenya | Kenya | 107.03% | 8.80% | 71.40% | 9.42% |
| CICA-RE | Togo | 87.45% | 8.67% | 67.51% | 7.58% |
| African Reinsurance Corporation | South Africa | 46.37% | 8.31% | 8.17% | 3.85% |
| Kenya Re | Kenya | 181.96% | 8.01% | 18.90% | 14.58% |
| Tunis Re | Tunisia | 137.22% | 7.47% | 44.66% | 10.25% |
| Sen Re | Senegal | 53.27% | 7.38% | 78.09% | 3.93% |
| Zep Re (PTA Reinsurance Co) | Kenya | 138.41% | 6.15% | 19.83% | 8.52% |
| NCA Re | Côte d'Ivoire | 69.95% | 6.03% | 81.79% | 4.22% |
| Mainstream Re | Ghana | 284.67% | 5.87% | - | 16.72% |
| FBC Reinsurance (Life) | Zimbabwe | 936.17% | 5.54% | 4.10% | 51.87% |
| Aveni Re | Côte d'Ivoire | 75.91% | 4.36% | 132.97% | 3.31% |
| Africa Re | Nigeria | 118.38% | 3.88% | 28.62% | 4.59% |
| NamibRe (2) | Namibia | 38.22% | 3.65% | 7.57% | 1.39% |
| East Africa Re | Kenya | 125.07% | 2.54% | 27.73% | 3.18% |
| Zambia Re | Zambia | 117.17% | 1.41% | 48.76% | 1.65% |
| Hannover Re South Africa | South Africa | 21.91% | -22.51% | 70.88% | -4.93% |
| Munich Reinsurance Co. of Africa | South Africa | 12.53% | -85.47% | 33.00% | -10.71% |
| General Re Africa | South Africa | 31.19% | -136.12% | 77.09% | -42.45% |
| Africa Retakaful Company (3) | Egypt | - | - | - | -50.17% |
| Ethiopian Re (3) | Ethiopia | - | - | - | 19.33% |
SE: Sharehlder’s equity
NR: Net result
SC: Share capital
