| Rank | Company | Country | Gross premiums | 2021-2022 evolution (1) | |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| 1 | Munich Reinsurance Co. of Africa (MRoA) | South Africa | 1 059 593 | 825 601 | 28.34% |
| 2 | Africa Re | Nigeria | 951 789 | 845 346 | 12.59% |
| 3 | Swiss Re Africa (2) | South Africa | 429 950 | 423 595 | 1.50% |
| 4 | Hannover Re South Africa(3) | South Africa | 377 474 | 474 988 | -20.53% |
| 5 | Société Centrale de Réassurance - SCR | Morocco | 329 680 | 281 770 | 17.00% |
| 6 | Compagnie Centrale de Réassurance - CCR | Algeria | 294 894 | 287 753 | 2.48% |
| 7 | General Re Africa | South Africa | 268 272 | 261 729 | 2.50% |
| 8 | Continental Re | Nigeria | 242 589 | 175 132 | 38.52% |
| 9 | Zep Re | Kenya | 236 213 | 213 013 | 10.89% |
| 10 | WAICA Re | Sierra Leone | 214 198 | 153 349 | 39.68% |
| 11 | Kenya Re | Kenya | 201 088 | 178 201 | 12.84% |
| 12 | CICA Re | Togo | 173 429 | 158 585 | 9.36% |
| 13 | African Re Corporation | South Africa | 138 275 | 132 801 | 4.12% |
| 14 | SCOR SE - Africa Branch | South Africa | 128 737 | 100 141 | 28.56% |
| 15 | Continental Re - Kenya | Kenya | 93 080 | 53 386 | 74.35% |
| 16 | Tan Re | Tanzania | 78 132 | 71 995 | 8.52% |
| 17 | GIC Re South Africa (4) (5) | South Africa | 70 945 | 98 610 | -28.05% |
| 18 | Tunis Re | Tunisia | 62 808 | 56 534 | 11.10% |
| 19 | Ghana Re | Ghana | 53 355 | 62 447 | -14.56% |
| 20 | NamibRe (4) | Namibia | 52 983 | 31 005 | 70.89% |
| 21 | Sen Re | Senegal | 50 799 | 41 489 | 22.44% |
| 22 | Africa Retakaful (6) | Egypt | 42 521 | 32 280 | 31.73% |
| 23 | NCA Re | Côte d’Ivoire | 38 115 | 34 670 | 9.94% |
| 24 | FBS Re (7) | Nigeria | 36 993 | 19 212 | 92.55% |
| 25 | East Africa Re | Kenya | 36 724 | 38 185 | -3.83% |
| 26 | Aveni Re | Côte d’Ivoire | 31 128 | 26 750 | 16.37% |
| 27 | SCG-Ré | Gabon | 27 710 | 23 827 | 16.30% |
| 28 | Waica Re - Kenya | Kenya | 26 252 | 13 033 | 101.43% |
| 29 | Ethiopian Re (6) | Ethiopia | 25 879 | 26 033 | -0.59% |
| 30 | Uganda Re | Uganda | 21 319 | 17 213 | 23.85% |
| 31 | Globus Re | Burkina Faso | 21 098 | 22 628 | -6.76% |
| 32 | Ghana Re - Kenya | Kenya | 16 339 | 11 489 | 42.21% |
| 33 | Waica Re Zimbabwe (8) | Zimbabwe | 14 940 | 12 190 | 22.56% |
| 34 | ZB Re | Zimbabwe | 13 423 | 14 440 | -7.04% |
| 35 | Zep Re | Zimbabwe | 12 019 | 18 021 | -33.31% |
| 36 | Grand Re | Zimbabwe | 11 978 | 12 677 | -5.51% |
| 37 | Tropical Re | Zimbabwe | 10 532 | 13 126 | -19.76% |
| 38 | Emeritus General Reinsurance(9) | Zimbabwe | 9 087 | 10 915 | -16.75% |
| 39 | First Mutual Reinsurance | Zimbabwe | 9 071 | 6 912 | 31.24% |
| 40 | Mainstream Reinsurance Company Limited | Ghana | 7 125 | 7 125 | - |
| 41 | FBC Re | Zimbabwe | 6 434 | 12 878 | -50.04% |
| 42 | Zambia Re(10) | Zambia | 5 295 | 4 729 | 11.97% |
| 43 | Muca Re | Zimbabwe | 1 938 | - | - |
| 44 | Emeritus Re Life (11) | Zimbabwe | 1 737 | 3 452 | -49.68% |
| 45 | FBC Re Life | Zimbabwe | 931 | 1 045 | -10.91% |
| 46 | Zep Re Life | Zimbabwe | 480 | 577 | -16.81% |
| 47 | First Mutual Reinsurance (Life & Health) | Zimbabwe | 235 | 346 | -32.08% |
| 48 | GN Reinsurance Company | Ghana | ND | ND | - |
| 49 | Nigeria Re | Nigeria | - | - | - |
| 50 | National Re | Sudan | ND | ND | - |
| Total | 5 937 586 | 5 311 223 | 10.55% | ||
(1) Evolution in USD
(2) In 2018, Swiss Re Life and Health Africa was renamed Swiss Re Africa Limited and became a life and non-life reinsurer
(3) In January 2021, Hannover Reinsurance Africa Limited's activities were transferred to Hannover Life Reassurance Africa Limited. Hannover Life Reassurance Africa Limited was renamed Hannover Re South Africa Limited.
(4) Year ended March
(5) GIC Re acquired Saxum Re in 2014
(6) Year ended June
(7) FBS Re begins operations in 2021
(8) Colonnade Reinsurance Company was acquired by the Waica Re group in 2018 and renamed Waica Re Zimbabwe
(9) Baobab Reinsurance Company changed its name to Emeritus General Re in 2018
(10) Prima Re changed its name to Zambia Re in 2020
(11) Baobab Life & Health Company changed its name to Emeritus Re Life in 2018
Read also | African reinsurers: ranking according to turnover 2021 [4]
