SCG-Ré: results 2018

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SCG RéDespite one of the most difficult business environment, the Société Commerciale Gabonaise de Réassurance (SCG-Ré) achieved a turnover of 12.88 billion FCFA (22.41 million USD) in 2018, compared with 12.27 billion FCFA (22.454 million USD) in 2017, a 5% increase. The incurred losses sharply declined by 26.49%.

Despite these good technical performances, the net result fell by almost 30%, from 1.21 billion FCFA (2.214 million USD) in 2017 to 870 million FCFA (1.514 million USD) in 2018. SCG-Ré also recorded a decrease in its financial investments by 21%.

Meanwhile, the shareholder's equity increased by 10.6% from 8.11 billion FCFA (14.841 million USD) in 2017 to 8.97 billion FCFA (15.607 million USD) in 2018.

Read also | Ranking of the African reinsurance companies

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Fri, 24/05/2019 - 09:44
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