African Reinsurance Corporation (Africa Re) announced solid financial results for the first half of 2025. This performance is supported by continued growth in premium income, resilient underwriting performance, and a solid return on investment, despite persistent geopolitical and macroeconomic headwinds

The Company recorded gross written premiums of US$644.30 million (H1 2024: US$558.72 million), representing an impressive growth of 15.31% year-on-year.

In the first half of the year, the net technical result reached 54.35 million US dollars, with a net technical margin of 10.82% (H1 2024:12.46%) and a corresponding net combined ratio of 89.18% (H1 2024:87.54%). This solid performance testifies to the Company's operational resilience and rigorous risk selection, and remains largely in line with expectations.

Africa Re's investment portfolio generated a stronger result of $51.15 million in the first half of 2025 compared to the $42.02 million recorded in the first half of 2024. The Company recorded an overall net income of 102.81 million US dollars (H1 2024:85.09 million US dollars), representing a growth of

As of June 30, 2025, Africa Re's total assets were USD 2.60 billion, up 10.25% compared to December 2024. Shareholders' equity increased by 8.80% to $1.25 billion, supported by higher retained earnings

Dr. Corneille Karekezi, CEO of Africa Re, commented on the performance at the end of June 2025 in these terms: “In view of our excellent results in the first half of 2025, I am proud to announce that Africa Re continues to demonstrate robust growth and resilience. Our expanding business portfolio, rigorous underwriting, and prudent investment strategies allowed us to record significant premium growth while navigating an increasingly complex business environment. The improvement in our financial position, with the increase in our assets and equity, highlights the effectiveness of our risk management strategy and approach.

Organic growth was driven by premium increases following major market corrections after major disasters, further accelerating the momentum in key markets. All of these factors underscore Africa Re's operational strength and proactive engagement with brokers and players. of the market in its main territories.