Kenya Re-Insurance has reported a 4% surge in its half year Pretax Profits to Ksh. 2.212Billion against Ksh. 2.125Billion posted in a similar period in 2015. The listed re-insurer attributed the performance to “strong investment returns and reinsurance premium growth.”
During the period, its gross premiums increased by 14% to 7.096 Billion from Ksh. 6.204Billion posted in 2015. On the other hand, investment income grew by 20% to Ksh 1.72 Billion compared to Ksh 1.43 Billion posted in the period under review.
The company’s total income was up 19% to Ksh 8.2 Billion while net claims increased by 31% to Ksh 6 Billion compared to Ksh 4.7 Billion posted in the previous year in a similar period.
Net Profit grew by a small margin to Ksh 1.56 Billion versus Ksh 1.50 posted in June 2015.
