2017 ranking of the African reinsurance compnies according to shareholder’s equity

Magazine Issue:

Magazine date:

Nov 2018

In thousands USD

Ranking		Company	Country	2013	2014	2015	2016	2017	Evolution (%)
2017	2016	Company	Country	2013	2014	2015	2016	2017	2016-2017	2013-2017
1	1	Africa Re	Nigeria	677 538	736 925	780 071	812 311	902 039	+11.05	+33.13
2	5	Société Centrale de Réassurance	Morocco	264 410	242 660	218 568	223 520	280 730	+25.60	+6.17
3	2	Kenya Re	Kenya	199 675	224 499	218 188	239 909	265 957	+10.86	+33.19
4	3	Compagnie Centrale de Réassurance	Algeria	278 738	269 641	241 070	238 252	251 274	+5.47	-9.85
5	4	Munich Reinsurance of Africa	South Africa	223 273	237 620	204 868	235 144	232 410	-1.16	+4.09
6	6	Zep Re (PTA Re)	Kenya	105 728	143 587	169 683	199 931	227 451	+13.76	+115.13
7	7	General Reinsurance Africa	South Africa	78 675	91 273	75 483	105 661	123 763	+17.13	+57.31
8	12	Waica Re	Sierra Leone	29 872	33 611	38 389	62 884	84 104	+33.74	+181.55
9	8	Tunis Re	Tunisia	68 317	68 862	91 361	77 032	77 853	+1.07	+13.96
10	9	CICA-Re	Togo	57 951	56 882	50 964	71 673	76 959	+7.38	+32.80
11	10	Nigeria Re ⁽¹⁾	Nigeria	111 107	98 276	95 746	65 301	NA	NA	NA
12	13	Ghana Re	Ghana	86 113	68 495	62 500	60 557	64 585	+6.65	-25
13	16	Mamda Ré	Morocco	-	-	-	51 318	62 995	+22.75%	-
14	14	African Re Corporation (ARCSA)	South Africa	-	53 593	48 660	54 173	61 845	+14.16	-
15	15	Hannover Reinsurance Africa	South Africa	70 176	64 820	48 151	53 341	61 743	+15.75	-12.02
16	26	GIC Re South Africa ⁽²⁾	South Africa	2 418	7 170	5 320	15 094	59 899	+296.84	+2377.21
17	11	Continental Re	Nigeria	89 541	75 198	78 758	65 104	58 383	-10.32	-34.80
18	17	Hannover Life Reinsurance Africa	South Africa	50 594	52 686	38 233	40 723	43 152	+5.96	-14.71
19	18	Swiss Re Life & Health Africa ⁽¹⁾	South Africa	32 800	31 500	30 500	40 500	NA	NA	NA
20	20	Baobab Reinsurance	Zimbabwe	30 127	24 897	30 799	33 017	37 218	+12.72	+23.54
21	19	East Africa Re ⁽¹⁾	Kenya	25 732	29 703	30 003	34 018	ND	ND	ND
22	23	Aveni Re	Côte d’Ivoire	20 806	21 315	17 760	18 261	32 753	+79.36	+57.42
23	21	GN Reinsurance	Ghana	-	-	24 194	25 251	27 398	+8.50	-
24	22	Tan Re	Tanzania	24 290	24 450	22 592	23 541	24 606	+4.52	+1.30
25	46	Ethiopian Reinsurance ⁽³⁾	Ethiopia	-	-	-	-	21 025	-	-
26	28	Scor Africa	South Africa	21 325	20 595	13 065	13 973	20 536	+46.97	-3.70
27	25	Sen Re	Senegal	11 886	12 745	14 560	15 540	17 298	+11.31	+45.53
28	24	RGA Reinsurance Co. of South Africa	South Africa	11 600	13 525	13 228	17 717	15 701	-11.38	+35.35
29	27	NCA Re	Côte d’Ivoire	12 727	12 976	13 855	14 460	15 430	+6.71	+21.24
30	32	SCG Ré	Gabon	4 330	9 905	13 746	12 140	14 841	+22.25	+242.75
31	34	Namibre ⁽²⁾	Namibia	13 394	12 432	12 525	11 068	14 180	+28.12	+5.87
32	30	FBC Re	Zimbabwe	8 743	10 361	11 844	12 755	13 564	+6.34	+55.14
33	29	FBC Re	Zimbabwe	-	-	-	12 879	13 537	+5.11	-
34	31	Africa Retakaful ⁽¹⁾	Egypt	-	-	13 281	12 409	ND	ND	ND
35	35	ZB Reinsurance	Zimbabwe	7 015	8 390	9 475	10 036	10 222	+1.85	+45.72
36	33	National Re	Sudan	2 126	1 980	19 600	11 888	9 958	-16.23	+368.39
37	40	Grand Reinsurance	Zimbabwe	9 443	9 796	13 15	5 321	9 290	+74.59	-1.62
38	36	First Mutual Reinsurance	Zimbabwe	5 984	6 535	6 903	9 194	8 109	-11.80	+35.51
39	37	Globus Re	Burkina Faso	4 744	5 034	6 627	6 979	7 998	+14.60	+68.59
40	38	Baobab Life & Health	Zimbabwe	-	1 069	8 970	6 972	7 324	+5.05	-
41	39	Uganda Re	Uganda	2 694	3 759	4 134	5 672	6 700	+18.12	+148.70
42	43	Zep Re	Zimbabwe		1 234	3 504	2 948	5 890	+99.80	-
43	41	Tropical Re	Zimbabwe	2 324	3 469	3 723	4 635	4 774	+3	+105.42
44	42	Prima Re	Zambia	6 766	5 871	3 563	4 277	4 673	+9.26	-30.93
45	44	First Mutual Reinsurance (Life & Health)	Zimbabwe	1 172	661	535	1 531	2 117	+38.28	+80.63
46	45	Colonnade Re	Zimbabwe	1 542	1 808	1 524	1 177	635	-46.05	-58.82

⁽¹⁾ Figures 2017 not available
⁽²⁾ Fiscal year ending March 31st
⁽³⁾ Established in July 2016