Despite a highly competitive market, Kenya Re achieved good results in 2015. Net income increased at 3.13 billion KES (31 million USD) in 2014 for 3.55 billion KES (35 million USD) at the end of 2015.
The loss ratio recorded a slight increase of two points going from 55% at the end of 2014 to 57% twelve months later.
The combined ratio deteriorated by two points to 93%. The total sherholder's equity rose by 9.71% to settle at 21.93 billion KES (218 million USD).
With an increase of 12,8%, the premium volume went from 11.57 billion KES (115.09 million USD) in 2014 to 13.06 billion KES (129 million USD) in 2015.
With 89.5% of the total underwritings, the non life class of business is the growth driver of the company's business. The15.4% evolution in the life segment over one year is worth mentioning.