The African Reinsurance Corporation (Africa Re) recorded a gross premium income of US$421 million in the first six months of 2021 compared to US$393 million reported in the same period of 2020, translating to a 7.2% growth of the gross written premium, which is a reflection of the ongoing recovery of businesses and the society from the new Covid-19 operating environment. The good performance was supported by additional facultative acceptances mostly in the oil & gas portfolios. There was also a positive impact of the appreciation of a few of our operating currencies against the US Dollar, especially the Rand and CFA. The gains on currency fluctuation were slightly offset by the significant devaluation of the Sudanese Pound.