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Africa Re has published its financial results for the period ending 30 September 2025.
Under IFRS 4, gross written premiums amounted to 976.165 million USD, marking an 11.05% increase year-on-year.
The underwriting result reached 72.618 million USD, reflecting a decline of 8.68% compared to the same period in 2024.
Investment and other income grew by 10.53%, totaling 79.298 million USD.
Net profit rose by 8.54% year-on-year to 142.648 million USD.
The combined ratio stood at 90.34%.
The financial results are also presented in accordance with IFRS 17:
Figures in millions USD
| Activity indicators (IFRS 17) | Q3 2025 |
|---|---|
| Gross reinsurance revenue | 932.673 |
| Net reinsurance revenue | 783.553 |
| Reinsurance service expenses | - 657.662 |
| Net profit | 130.244 |