Nairobi, March 28 -- Kenya Re has reported a 14.6 percent increase in net profit to Sh3.62 billion for the year ended December 2022, on the back of increased premiums and investment income.

The company announced a final dividend of Sh0.2 per share or Sh559.9 million for the year.

The reinsurer's net premiums rose to Sh22.1 billion in the period under review up from Sh19 billion posted the year before.

"Growth in premiums and investment income has contributed to the earnings, as well as reduced expenses," said Mr Michael Mbeshi, Kenya Re acting MD.

Kenya Re posted an increase in gross written premiums of Sh24.9 billion from Sh23.1 billion posted the year in December 2021. Net earned premiums rose 16 per cent to Sh22.1 billion in Decemb...