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Kenya Re hits Sh3.5bn profit on premiums rise

Kenya Re chairman David Kemei and acting managing director Michael Mbeshi (right) during the presentation of the insurer’s financial results at the Hilton Hotel on Thursday, March 29, 2018. PHOTO | DIANA NGILA |NMG

By  BRIAN NGUGI

Kenya Reinsurance Corporation (Kenya Re) has posted an 8.8 per cent rise in after-tax profit in the year ended December, which the listed re-insurer attributed to an increase in its gross written premiums and investment income.

Kenya Re net profit stood at Sh3.5 billion in the period compared to Sh3.2 billion the year before.

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Note: The results are not exact but very close to the actual.

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