Kenya Re net profit hits Sh1.6 bn amid stiff competition

Kenya Re managing director Jadiah Mwarania. PHOTO | SALATON NJAU | NMG

Kenya Re has posted a 3.7 per cent rise in half year after-tax profit as its gross written premiums and investment income grew marginally in the period under review.

The reinsurer, which offers covers to over 150 firms across the region, reported a net profit of Sh1.6 billion for the period to June 2017 compared to Sh1.56 billion last year.

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