Africa Re Recorded a Significant Improvement of its Overall Net Profit for the Half- Year of 2023
The African Reinsurance Corporation (Africa Re) recorded a Gross Written Premium Income of US$ 529 million for the first semester of 2023, translating to a 17.89% growth from the US$ 449 million reported for the same period of 2022. The excellent performance is explained by a successful marketing effort, leading to new business acquisitions, improved market prices, and a moderate growth in most of African economies which remained resilient during the period under review..
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