Leading reinsurance companies in Africa by shareholders' equity 2021
In 2021, the leading reinsurance company in Africa by shareholders' equity was Africa Re. Shareholders' equity, also called stockholders' equity, refers to the corporation's owners' residual claim on assets after debts have been paid. Based in Lagos, Nigeria, Africa Re reached a shareholders' equity of just over one billion U.S. dollars that year. This was followed by Kenya Re and Zep Re (PTA Reinsurance Co), which had shareholders' equities valued at approximately 325 million and 295 million U.S. dollars, respectively.