Kenya Re nets Sh900m profit despite drop in gross premiums

Kenya Re Managing Director Hillary Wachinga, Chairperson Catherine Kimura and CIC Group MD Hillary Wachinga during an investor briefing in Nairobi on August 25, 2023. [Jonah Onyango, Standard]

Kenya Reinsurance Corporation (Kenya Re) has reported a nine per cent rise in profit after tax of Sh900 million for the half-year period ended June 30, 2023.

During the period, the gross written premium stood at Sh9.9 billion, while the net premium dropped to Sh6.4 billion.