The African Reinsurance Corporation (Africa Re) has announced its financial performance for the year ended 31 December 2025, with gross premiums rising to $1.34 billion, representing a 10.18 percent year-on-year (YoY) increase. This is as net profit also rose by 50.6 percent year on year to close at $199 million.
Corneille Karekezi, group managing director/CEO of Africa Re, commenting on the result said:
“Our 2025 results underscore the strength of Africa Re’s diversified portfolio and disciplined strategy execution, and also reflect our recent S&P upgrade to a full ‘A’ financial strength and credit rating. Despite elevated loss activity in some markets, we combined underwriting discipline with strong investment performance to deliver double-digit premium growth and a 51 percent rise in net profit.”
Underwriting profit also grew to $96 million, up 9.58 percent YoY, supported by higher premium volumes and a marginally lower loss ratio.
Investment results reached a record high, driven by strong interest income and favourable market movements. Total investment and other income rose to $114 million, lifting the portfolio yield to 5.51 percent from 4.94 percent in the prior year. This performance reflects the effectiveness of Africa Re’s investment strategy, strategic asset allocation, and proactive market positioning.
According to the reinsurance giant, the group delivered robust premium growth, improved underwriting profitability, and record investment income, culminating in a significant rise in net profit and total comprehensive income.
The strong topline performance was driven by improved renewal patterns, increased facultative placements, and expanding demand across major business lines, including property, engineering, motor, life, and specialty risks. Growth was further reinforced by better pricing conditions in some property and motor markets following recent global loss events, as well as favourable foreign exchange movements that boosted reported premium volumes.
Karekezi speaking further stated that the Company entered into 2026 with a resilient balance sheet, robust liquidity, and clear strategic priorities for sustainable value creation. Looking ahead, we will continue to deepen client partnerships across Africa and selected international markets, tighten risk selection, and optimise asset allocation, while maintaining strict cost discipline.”
As of 31 December 2025, Africa Re maintained a strong financial position, supported by continued growth across key balance sheet components. Total assets increased to $2.69 billion, up 14.05 percent from the prior year, driven by growth in financial assets and higher cash, term deposits, and fixed-income holdings.
Shareholders’ equity rose to $1.37 billion, an 18.99 percent YoY increase, reflecting strong retained earnings and favourable translation adjustments from appreciating operating currencies.
This overall improvement underscores the corporation’s commitment to maintaining a resilient capital base and delivering sustainable value to shareholders.
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