The Tanzanian reinsurer Tan Re, established in 2004, has posted a turnover of 53 947 million TZS (34.6 million USD) in 2011 compared to 42 726 million TZS (29.2 million USD) in 2010, that is a 26% increase. Pre-tax profits are also on a 23% rise, from 6 331 million TZS (4.3 million USD) in 2010 to 7 818 million TZS (5 million USD) in 2011.