Magazine date:
Dec 2017 in thousands USD
(1) Ranking per 2016 turnover
(2) Figures as at 31 March 2016
NA : Not Available
| 2016 ranking | 2015 ranking | Company | Country | Turnover | Shareholder’s equity | Net result | A.M. Best rating | S&P rating |
|---|---|---|---|---|---|---|---|---|
| 1 | 1 | Africa Re | Nigeria | 642 024 | 812 311 | 100 202 | A | A- |
| 2 | 2 | Munich Reinsurance of Africa | South Africa | 504 730 | 213 295 | 5 933 | - | AA- |
| 3 | 4 | Compagnie Centrale de Réassurance | Algeria | 247 148 | 248 947 | 27 803 | B+ | - |
| 4 | 3 | Société Centrale de Réassurance | Morocco | 236 198 | 224 191 | 25 516 | B++ | BBB- |
| 5 | 6 | Hannover Life Reinsurance Africa | South Africa | 188 161 | 40 723 | 2 328 | - | AA- |
| 6 | 11 | Swiss Re Life & Health Africa | South Africa | 180 100 | 40 500 | - | - | - |
| 7 | 7 | Hannover Reinsurance Africa | South Africa | 179 153 | 53 341 | 4 341 | - | AA- |
| 8 | 8 | General Reinsurance Africa | South Africa | 173 209 | 105 661 | 14 423 | AA- | |
| 9 | 13 | RGA Reinsurance Co. of South Africa | South Africa | 169 618 | 17 717 | -541 | - | - |
| 10 | 5 | African Re Corporation (ARCSA) | South Africa | 157 911 | 51 265 | 5 752 | - | A- |
| 11 | 10 | Kenya Re | Kenya | 131 664 | 239 909 | 32 679 | B+ | - |
| 12 | 9 | Zep Re (PTA Re) | Kenya | 128 698 | 199 931 | 19 297 | B++ | - |
| 13 | 14 | Scor Africa | South Africa | 78 792 | 13 973 | -2 300 | - | AA- |
| 14 | 12 | Continental Re | Nigeria | 73 940 | 65 104 | 10 291 | B+ | - |
| 15 | 15 | CICA-Re | Togo | 61 472 | 52 792 | 6 080 | B | - |
| 16 | 25 | GIC Re South Africa (2) | South Africa | 53 074 | 15 094 | - 2 045 | - | BB+ |
| 17 | 19 | Waica Re | Sierra Leone | 49 201 | 62 884 | 6 188 | - | - |
| 18 | 16 | Tunis Re | Tunisia | 48 499 | 81 808 | 6 800 | B+ | - |
| 19 | - | Africa Retakaful | Egypt | 45 295 | 13 281 | 872 | - | - |
| 20 | 18 | Tan Re | Tanzania | 35 305 | 23 541 | 994 | - | - |
| 21 | 20 | Ghana Re | Ghana | 33 633 | 61 015 | 11 356 | B | - |
| 22 | 17 | East Africa Re | Kenya | 33 084 | 34 018 | 4 633 | B | - |
| 23 | 22 | Sen Re | Senegal | 26 444 | 15 540 | 1 646 | - | - |
| 24 | 21 | Aveni Re | Côte d’Ivoire | 26 090 | 18 261 | 1 932 | - | - |
| 25 | 23 | NCA Re | Côte d’Ivoire | 25 800 | 14 460 | 1 534 | - | - |
| 26 | 32 | National Re | Sudan | 24 400 | 23 770 | 1 720 | - | - |
| 27 | 24 | SCG Ré | Gabon | 20 602 | 14 785 | 1 037 | - | - |
| 28 | 26 | ZB Reinsurance | Zimbabwe | 19 130 | 10 036 | 983 | - | - |
| 29 | 27 | FMRE Property & Casualty | Zimbabwe | 17 196 | 9 194 | 950 | - | - |
| 30 | 28 | FBC Re | Zimbabwe | 14 059 | 12 755 | 1 533 | - | - |
| 31 | 29 | Namibre (2) | Namibia | 14 007 | 11 068 | 1 167 | - | - |
| 32 | 33 | Grand Reinsurance | Zimbabwe | 13 841 | 5 321 | 1 611 | - | - |
| 33 | 31 | Globus Re | Burkina Faso | 13 699 | 6 979 | 981 | - | - |
| 34 | 30 | Tropical Re | Zimbabwe | 13 548 | 4 635 | 893 | - | - |
| 35 | 34 | Zep Re | Zimbabwe | 10 903 | 2 948 | 1 714 | - | - |
| 36 | 35 | Baobab Reinsurance | Zimbabwe | 9 291 | 33 017 | 1 293 | - | - |
| 37 | - | Mamda Ré | Maroc | 9 237 | 50 057 | 199 | - | - |
| 38 | 36 | Uganda Re | Uganda | 7 131 | 5 672 | 594 | - | - |
| 39 | - | GN Reinsurance | Ghana | 6 731 | 23 923 | 1 654 | - | - |
| 40 | 37 | Baobab Life & Health | Zimbabwe | 4 170 | 8 523 | NA | - | - |
| 41 | 40 | Prima Re | Zambia | 3 711 | 4 277 | 319 | - | - |
| 42 | 38 | FMRE Life & Health | Zimbabwe | 2 515 | 960 | NA | - | - |
| 43 | 39 | Nigeria Re | Nigeria | 2 365 | 65 301 | 2 802 | - | - |
| 44 | 41 | Colonnade Re | Zimbabwe | 1 963 | 1 177 | -347 | - | - |
| 45 | 42 | FBC Re | Zimbabwe | 693 | 797 | NA | - | - |
(2) Figures as at 31 March 2016
NA : Not Available
