Magazine date:
Mar 2023  | DATE OF CREATION: 6 May 2013, Uganda |
| CLASS OF BUSINESS: Life and non life | |
| MAIN UNDERWRITING ZONE: Africa |
Uganda Re: contact
| Address: Plot 19, Baskerville Avenue. P.O. Box 7371 Kampala, Uganda |
| Tel: +256 417 117 860 / 771 565 075 |
| Email: info [at] ugandare [dot] com |
| Website: www.ugandare.com [4] |
Uganda Re: rating
| Agency | Rating | Outlook |
| GCR | A+ (National business) | Stable |
Uganda Re: main indicators
in thousands USD| 2020 | 2021 | |
| Turnover | 16 574 | 17 213 |
| Shareholder’s equity | 10 990 | 12 948 |
| Net result | 1 783 | 1 541 |
Uganda Re: turnover 2021 by class of business
in thousands USD| Premiums | In % | |
| Health | 6 678 | 38.80% |
| Fire | 3 868 | 22.47% |
| Engineering | 1 203 | 6.99% |
| Motor | 519 | 3.02% |
| Marine | 458 | 2.66% |
| Other risks (1) | 3 201 | 18.59% |
| Total non life | 15 927 | 92.53% |
| Life | 1 286 | 7.47% |
| Grand total | 17 213 | 100% |
(1) Including agricultural, bond and political risks
Uganda Re: capital and shareholding
| Share capital | 4 142 000 USD |
| Shareholders | In % |
| Local insurers | 49.1% |
| Regional reinsurers | 43.8% |
| Local insurance brokers | 5.6% |
| Local private investors | 1.5% |
Uganda Re: technical ratios
| 2020 | 2021 | |
| Net loss ratio | 58% | 59.66% |
| Management expenses ratio | 38% | 41.06% |
| Net combined ratio | 96% | 100.72% |
Uganda Re: management
| Twaha Kigongo Kaawaase | Chairman of the board |
| Ronald Musoke | Chief executive officer |
| Andrew Kawuzi | Head of technical operations |
| Racheal Naggayi | Head of financial operations |
Exchange rate as at 31/12/2020: 1 UGX = 0.00027 USD ; 31/12/2021: 1 UGX = 0.00028USD
Source: Uganda Re
Read also | Reinsurance in Sub-Saharan Africa [5]
