Kenya Re-insurance headquarters along Aga Khan Walk in Nairobi. PHOTO | FILE
Kenya Reinsurance Corp on Wednesday reported a 9 per cent rise
in 2015 pre-tax profit to Sh3.4 billion helped by higher premiums and
investment income.
It said gross written premiums rose
by 13 per cent to Sh13.06 billion, while investment income was up 17 per
cent, to Sh3.04 billion, driven by gains made on equity and fixed
income investments and rent.
Kenya Re, as the company is known, provides reinsurance services to insurance companies in Africa, the Middle East and Asia.
It
said its earnings per share rose to Sh4.90 from Sh4.48 a year earlier.
Its board of directors recommended a dividend payment of Sh0.75 per
share, up from Sh0.70.
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