Kenya Re shareholders at the 2011-2012 annual general meeting. Kenya
Reinsurance Corp posted a 46.3 per cent jump in full-year profit after
tax to Sh2.8 billion, reflecting growth in investment income and gross
premiums that outpaced claims paid out. File
Kenya Reinsurance Corp posted a 46.3 per cent
jump in full-year profit after tax to Sh2.8 billion, reflecting growth
in investment income and gross premiums that outpaced claims paid out.
The reinsurer said gross premiums rose 20 per cent
to 7.9 billion shillings in 2012, while investment income nearly
doubled to 2.6 billion.
The growth in revenue and profit beat the firm's forecast of between 15 and 20 per cent.
Gross claims rose by a third to 4.2 billion shillings, while earnings per share rose to 4.00 shillings from 2.74 shillings.
Its total assets rose to 23.78 billion shillings from 19.3 billion at the end of 2011.
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