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Kenya Re reports 11 pct rise in pretax profit
April 29, 2014 / 5:22 AM / 3 years ago

Kenya Re reports 11 pct rise in pretax profit

NAIROBI, April 29 (Reuters) - Kenya Reinsurance Corp reported an 11 percent rise in pretax profit for 2013 at 3.27 billion shillings ($38 million) as it expanded its business in Kenya and other African markets, it said in a statement published in newspapers on Tuesday.

Kenya Re restated pretax profit for 2012 as 2.94 billion shillings.

Gross written premiums climbed to 9.65 billion shillings in 2013, from 7.94 billion a year earlier.

$1 = 86.8500 Kenyan Shillings Writing by Edmund Blair; Editing by Gopakumar Warrier

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