East Africa Reinsurance Company Limited

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East Africa Reinsurance Company Limited
  • East Africa Reinsurance Company Limited
  • Year : Nov 2020
3 Tokens
USD 300.00
Summary

The ratings of East Africa Reinsurance Company Limited (“EA Re”) are largely supported by a very strong and stable financial profile, more than offsetting an intermediate business profile. The reinsurer’s capital base sustained an upward growth trend, expanding by 11% to KES5.1bn at FY19, underpinned by sound profit generation and retention.

Additional Information

The Stable Outlook reflects prospects of sustained financial profile strength, coupled with the absence of material changes in the business profile. Upward ratings progression may follow a sustainable improvement in business profile, coupled with the maintenance of other credit protection metrics within strong ranges.

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