Magazine date:
May 2014 African Life Assurance has posted its 2013 results showing a net profit of 10.3 billion TZS (6.6 million USD), twice as much as the previous year.
This is the third year in a row that profit grows by almost 100%. Gross premiums increased by 36%. African Life Assurance, a member of the Sanlam Group, holds 54% of the Tanzanian life market.