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Jul 2014 African Reinsurance Corporation (Africa Re) has committed to corporate social responsibility. It will, disburse 2% of its after-tax profits to popular initiatives on the continent.
By December 31, 2013, the reinsurer, in possession of 677.5 million USD of shareholders’ equity, reported a net profit of 84.8 million USD. Its technical profits amounted to 39 million USD while other financial products have attained 46 million USD.