Kenya Reinsurance Corp Ltd 2024 IR
The report highlights Kenya Reinsurance Corporation Limited's financial and sustainability performance for the fiscal year 2024. Despite a 4% decrease in insurance revenue to KSh 18.85 billion, the company achieved a 336% surge in its insurance service result to KSh 2.95 billion, driven by a 20% reduction in insurance service expenses. Kenya Re advanced its sustainability journey by aligning disclosures with the Nairobi Securities Exchange ESG Guidelines, GRI Standards, and IFRS S1 and S2. Key environmental initiatives included paying KSh 108 million in claims for natural catastrophes, installing solar panels, and supporting afforestation. Socially, the company was recognized as the Most Inclusive State Corporation at the 2024 DIAR Awards.
Company: Kenya Reinsurance Corp Ltd
Sector: Financials
Country: Kenya
Year: 2024
Type: IR
Pages: 200
Kenya Reinsurance Corp Ltd
Integrated Annual Report
The report highlights Kenya Reinsurance Corporation Limited's financial and sustainability performance for the fiscal year 2024. Despite a 4% decrease in insurance revenue to KSh 18.85 billion, the company achieved a 336% surge in its insurance service result to KSh 2.95 billion, driven by a 20% reduction in insurance service expenses. Kenya Re advanced its sustainability journey by aligning disclosures with the Nairobi Securities Exchange ESG Guidelines, GRI Standards, and IFRS S1 and S2. Key environmental initiatives included paying KSh 108 million in claims for natural catastrophes, installing solar panels, and supporting afforestation. Socially, the company was recognized as the Most Inclusive State Corporation at the 2024 DIAR Awards.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women on Board
Employees