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Kenya Re

KNRE · Nairobi Securities Exchange · Incorporated in Kenya · Consolidated statements

On this page
Company details
Legal name
Kenya Reinsurance Corporation Limited
Incorporated in
Kenya
Listing
KNRE on the Nairobi Securities Exchange, active · ISIN KE0000000604 (observed 2026-10-07)
Sector
Insurance (our classification from the stated principal activity)
Activity
Underwriting of all classes of reinsurance business and investment activities.
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, signed / final · source

Read with these figures

  • Auditor's emphasis of matter. Year ended 31 December 2025 (the same three matters for 2024): investment properties in dispute; an idle investment property at Jomo Kenyatta International Airport; a long-outstanding receivable from Kenya Urban Roads Authority (Auditor-General, pp61-62).
  • Printed figures that do not reconcile. 4 printed figures do not add up with the issuer's own printed components or balances: Net investment income (FY2025); Net insurance and investment result (FY2025); Cash and cash equivalents at 1 January (FY2024); Cash and cash equivalent at 31 December (FY2023). Each is shown as printed and explained beside its row (≠) and in the CSV.
Full wording and sources

  • Auditor's emphasis of matter

    Emphasis of matter, year ended 31 December 2025 (Auditor-General, PDF pp61-62, scanned), three matters: (1) investment properties in dispute, Kshs.936,077,000 (note 35): land along Ngong Road (Kshs.350,000,000; dispute with Kenya Forest Service before the National Land Commission), along Kiambu Road (Kshs.563,077,000; ownership case in court) and at Shanzu, Mombasa (Kshs.23,000,000; dispute with Kenya Prisons Service); (2) an idle parcel within Jomo Kenyatta International Airport valued at Kshs.1,047,000,000 (note 16), with restricted access; (3) a receivable of Kshs.300,150,000 from Kenya Urban Roads Authority outstanding since 2017, impaired by Kshs.127,459,000 (note 26). 'My opinion is not modified in respect of these matters.'

    Source: Kenya Re Integrated Annual Report 2025 (dated 2026-03-26)

  • Auditor's emphasis of matter

    Emphasis of matter, year ended 31 December 2024 (Auditor-General, PDF pp52-53, scanned), three matters: (1) investment properties in dispute, Kshs.936,077,000 (note 35): land along Ngong Road (Kshs.350,000,000; dispute with Kenya Forest Service before the National Land Commission), along Kiambu Road (Kshs.563,077,000; ownership case in court) and at Shanzu, Mombasa (Kshs.23,000,000; dispute with Kenya Prisons Service); (2) investment property not in use: a parcel within Jomo Kenyatta International Airport at a cost of Kshs.813,000,000 (note 16), with restricted access; (3) long outstanding receivables: Kshs.300,150,000 from Kenya Urban Roads Authority outstanding since 2017, impaired by Kshs.96,907,000 (note 26). 'My opinion is not modified in respect of these matters.'

    Source: Kenya Re Integrated Annual Report 2024 (dated 2025-03-28)

  • Printed figures that do not reconcile

    4 printed figures do not add up with the issuer's own printed components or balances: Net investment income (FY2025); Net insurance and investment result (FY2025); Cash and cash equivalents at 1 January (FY2024); Cash and cash equivalent at 31 December (FY2023). Each is shown as printed and explained beside its row (≠) and in the CSV. Net investment income (FY2025): Does not reconcile: printed 6,704,362; its six printed components sum to 6,595,902 (difference 108,460, KShs '000; 2025, PDF p82). The difference equals the insurance service result, which this subtotal appears to include (inferred; not explained by the issuer). Not rounding. Shown as printed. Net insurance and investment result (FY2025): Does not reconcile with the printed 'Net investment income': printed 6,482,143; insurance service result + printed net investment income + net insurance finance expenses = 6,590,603 (difference (108,460), KShs '000; 2025, PDF p82). With the six investment components instead of the printed subtotal it agrees exactly. Not rounding. Shown as printed. Cash and cash equivalents at 1 January (FY2024): Does not reconcile: cash and cash equivalents at 1 January 2024 are printed 4,288,728 (FY2024 report p79; FY2025 report p88), but the FY2024 report's closing balance at 31 December 2023 is 5,144,032, equal to cash and bank balances 1,248,996 + short-term bank deposits 3,895,036 (note 33(b), p187). Difference 855,304 (KShs '000). Not rounding; no restatement or reclassification of cash is labelled, and each year's movement adds up on its own. Unexplained source inconsistency; both shown as printed. Cash and cash equivalent at 31 December (FY2023): Does not reconcile: cash and cash equivalents at 1 January 2024 are printed 4,288,728 (FY2024 report p79; FY2025 report p88), but the FY2024 report's closing balance at 31 December 2023 is 5,144,032, equal to cash and bank balances 1,248,996 + short-term bank deposits 3,895,036 (note 33(b), p187). Difference 855,304 (KShs '000). Not rounding; no restatement or reclassification of cash is labelled, and each year's movement adds up on its own. Unexplained source inconsistency; both shown as printed.

  • Insurance revenue (IFRS 17)

    KES 12.6 billion

    12,581,322 KES thousands · p82

    −11.1% vs 2024

    IFRS 17 insurance revenue, as printed: not gross written premiums.

  • Insurance service result

    KES 108 million

    108,460 KES thousands · p82

    −96.3% vs 2024

  • Profit / (loss) for the year

    KES 3.92 billion

    3,923,593 KES thousands · p82

    −11.6% vs 2024

  • Total assets

    KES 72.2 billion

    72,204,716 KES thousands · p84

    +8.1% vs 2024

  • Insurance contract liabilities

    KES 14.0 billion

    13,952,186 KES thousands · p84

    +1.3% vs 2024

  • Total equity

    KES 54.5 billion

    54,514,282 KES thousands · p84

    +9.7% vs 2024

Large amounts are rounded for reading (KES million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in KES thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source
  • FY2023 — annual report, signed / final; comparative in the FY2024 filing · source
    • Auditor's emphasis of matter. Emphasis of matter, year ended 31 December 2024 (Auditor-General, PDF pp52-53, scanned), three matters: (1) investment properties in dispute, Kshs.936,077,000 (note 35): land along Ngong Road (Kshs.350,000,000; dispute with Kenya Forest Service before the National Land Commission), along Kiambu Road (Kshs.563,077,000; ownership case in court) and at Shanzu, Mombasa (Kshs.23,000,000; dispute with Kenya Prisons Service); (2) investment property not in use: a parcel within Jomo Kenyatta International Airport at a cost of Kshs.813,000,000 (note 16), with restricted access; (3) long outstanding receivables: Kshs.300,150,000 from Kenya Urban Roads Authority outstanding since 2017, impaired by Kshs.96,907,000 (note 26). 'My opinion is not modified in respect of these matters.'

Income statement

Income statement, KES thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filingsource limitations
Total insurance revenue1 17,069,518 18,849,176 19,568,740
Ceding commission2 (4,488,196) (4,697,717) (5,110,474)
Insurance revenue 12,581,322 14,151,459 14,458,266
Insurance service expenses (11,119,692) (10,493,951) (13,101,772)
Net expenses from reinsurance contracts (1,353,170) (708,418) (679,538)
Insurance service result 108,460 2,949,090 676,956
Interest revenue calculated using the effective interest method3 4,542,384 4,501,757 3,654,035
Impairment gain/(loss) on financial assets4 143,287 (217,229) (31,262)
Share of results of associate 816,498 610,186 399,063
Fair value gains on revaluation of investment properties5 305,824 343,011 216,055
Other investment income6 1,035,560 1,112,549 908,073
Net foreign exchange (loss)7 (247,651) (1,683,848) 1,437,511
Net investment income 6,704,3628 4,666,426 6,583,475
≠ Note 8. Does not reconcile: printed 6,704,362; its six printed components sum to 6,595,902 (difference 108,460, KShs '000; 2025, PDF p82). The difference equals the insurance service result, which this subtotal appears to include (inferred; not explained by the issuer). Not rounding. Shown as printed.
Finance (expenses) from insurance contracts9 (252,042) (637,072) 912,032
Finance income/(expenses) from reinsurance contracts1011 29,823 (79,131) 13,910
Net insurance finance (expenses)12 (222,219) (716,203) 925,942
Net insurance and investment result 6,482,14313 6,899,313 8,186,373
≠ Note 13. Does not reconcile with the printed 'Net investment income': printed 6,482,143; insurance service result + printed net investment income + net insurance finance expenses = 6,590,603 (difference (108,460), KShs '000; 2025, PDF p82). With the six investment components instead of the printed subtotal it agrees exactly. Not rounding. Shown as printed.
Other income 136,550 113,516 127,892
Operating and other expenses (1,793,498) (1,364,656) (1,279,278)
Profit before income tax 4,825,195 5,648,173 7,034,987
Income tax expense (901,602) (1,211,021) (2,061,860)
Profit for the year 3,923,593 4,437,152 4,973,127
Total other comprehensive income/(loss)14 1,758,164 (2,099,538) 2,768,843
Total comprehensive income 5,681,757 2,337,614 7,741,970
Notes and alternative reported figures (12)
  1. “Total insurance revenue” is an issuer-specific line, not mapped to a shared definition: Note 6(a): before ceding commission.
  2. “Ceding commission” is an issuer-specific line, not mapped to a shared definition: Note 6(b): deducted to give insurance revenue.
  3. “Interest revenue calculated using the effective interest method” is an issuer-specific line, not mapped to a shared definition: Note 7(a); part of net investment income.
  4. Printed under different labels across filings: “Impairment gain/(loss) on financial assets”; “Impairment loss on financial assets”.
  5. “Fair value gains on revaluation of investment properties” is an issuer-specific line, not mapped to a shared definition: Note 16; part of net investment income.
  6. “Other investment income” is an issuer-specific line, not mapped to a shared definition: Note 7(b); part of net investment income.
  7. Printed under different labels across filings: “Net foreign exchange (loss)”; “Net foreign exchange (loss)/gain”.
  8. Printed under different labels across filings: “Finance (expenses) from insurance contracts”; “Finance (expenses)/ income from insurance contracts”.
  9. “Finance income/(expenses) from reinsurance contracts” is an issuer-specific line, not mapped to a shared definition: Note 9(c).
  10. Printed under different labels across filings: “Finance (expenses)/ income from reinsurance contracts”; “Finance income/(expenses) from reinsurance contracts”.
  11. Printed under different labels across filings: “Net insurance finance (expenses)”; “Net insurance finance (expenses)/ income”.
  12. Printed under different labels across filings: “Total other comprehensive (loss)/ income”; “Total other comprehensive income/(loss)”.

Balance sheet

Balance sheet, KES thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filingsource limitations
Property and equipment 74,812 81,784 121,839
Investment properties 13,420,999 13,060,800 12,702,500
Deferred tax asset 225,350 101,507 33,918
Defined benefit asset1 96,905 60,538 44,511
Investment in associate 9,989,115 9,161,534 10,407,449
Intangible assets 76,283 46,280 41,235
Mortgage loans2 906,443 824,558 871,472
Unquoted equity instruments3 934,712 603,113 355,505
Quoted equity instruments4 2,055,301 1,409,983 1,041,400
Corporate bonds5 225,595 44,820 44,747
Government securities6 26,510,495 25,240,439 21,049,100
Inventory 26,205 18,529 17,981
Reinsurance contract assets 192,236 606,158 731,500
Income tax receivable 1,899,376 166,719 61,778
Other receivables 553,378 478,280 366,592
Deposits with financial institutions7 13,996,911 14,320,929 16,837,492
Cash and bank balances 1,020,600 587,098 1,248,996
Total assets 72,204,716 66,813,069 65,978,015
Share capital 13,998,982 13,998,982 6,999,491
Revaluation reserve 37,904 36,911 26,308
Fair value reserve 1,015,334 (109,503) (965,598)
Translation reserve8 2,090,555 1,495,970 4,476,274
Statutory reserve9 10,791,002 10,376,154 8,584,946
Retained earnings 26,580,505 23,873,946 29,053,364
Total equity 54,514,282 49,672,460 48,174,785
Insurance contract liabilities 13,952,186 13,776,637 14,024,143
Reinsurance contract liabilities 1,060,287 1,022,804 2,484
Deferred tax liability 1,702,582 1,419,534 2,037,836
Other payables 975,379 921,634 966,143
Total liabilities 17,690,434 17,140,609 17,803,230
Net assets10 54,514,282 49,672,460 48,174,785
Short term bank deposits11 6,383,713 6,863,608 3,895,036
Income tax payable Not reported in this filing12 Not reported in this filing1213 772,624
Notes and alternative reported figures (13)
  1. “Defined benefit asset” is an issuer-specific line, not mapped to a shared definition: Note 30.
  2. “Mortgage loans” is an issuer-specific line, not mapped to a shared definition: Note 20.
  3. “Unquoted equity instruments” is an issuer-specific line, not mapped to a shared definition: Note 21.
  4. “Quoted equity instruments” is an issuer-specific line, not mapped to a shared definition: Note 22 (FVTOCI).
  5. “Corporate bonds” is an issuer-specific line, not mapped to a shared definition: Note 23.
  6. “Government securities” is an issuer-specific line, not mapped to a shared definition: Note 24(a).
  7. “Deposits with financial institutions” is an issuer-specific line, not mapped to a shared definition: Note 27.
  8. “Translation reserve” is an issuer-specific line, not mapped to a shared definition: Note 14.
  9. “Statutory reserve” is an issuer-specific line, not mapped to a shared definition: Note 14.
  10. “Net assets” is an issuer-specific line, not mapped to a shared definition: Total assets less total liabilities (equals total equity).
  11. “Short term bank deposits” is an issuer-specific line, not mapped to a shared definition: Note 33(b): the part of deposits with financial institutions counted as cash and cash equivalents. Not displayed: used for the cash-continuity check.
  12. Not reported in this filing: Not printed: the statement of financial position of this filing (PDF p84) has no 'Current tax payable' line for this column.
  13. Annual report dated 2025-03-28 presents this line for this year: - (p75). Not shown in this column, which follows one filing's presentation.

Cash flow

Cash flow, KES thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filingsource limitations
Cash flows from (used in)/generated from operating activities1 (1,383,249) 2,538,018 (2,102,134)
Dividends received2 182,893 146,247 118,146
Interest received 4,487,434 4,501,757 3,654,035
Tax paid in the year (2,411,144) (2,760,665) (1,246,611)
Net cash generated from operating activities 875,934 4,425,357 423,436
Purchase of investment property3 (54,376) (9,006) (81,445)
Purchase of property and equipment (21,180) (5,358) (49,380)
Purchase of intangible assets (36,023) (23,145) (12,938)
Purchase of unquoted equity instruments4 (209,468) (12,284) (1,592)
Purchase of corporate bonds5 (181,910) –6 Not reported in this filing7
Dividend received from investment in associate8 416,775 –6 Not reported in this filing9
Net cash (used in) investing activities10 (86,183) (49,793) (145,355)
Dividends paid (839,936) (839,939) (559,959)
Net cash (used in) financing activities11 (839,936) (839,939) (559,959)
Net (decrease)/increase in cash and cash equivalents12 (50,185) 3,535,625 (281,878)
Cash and cash equivalents at 1 January 7,450,706 4,288,72813 5,232,119
≠ Note 13. Does not reconcile: cash and cash equivalents at 1 January 2024 are printed 4,288,728 (FY2024 report p79; FY2025 report p88), but the FY2024 report's closing balance at 31 December 2023 is 5,144,032, equal to cash and bank balances 1,248,996 + short-term bank deposits 3,895,036 (note 33(b), p187). Difference 855,304 (KShs '000). Not rounding; no restatement or reclassification of cash is labelled, and each year's movement adds up on its own. Unexplained source inconsistency; both shown as printed.
Effects of Movements in exchange rate on cash and cash equivalents 3,792 (373,647) 193,791
Cash and cash equivalent at 31 December 7,404,313 7,450,706 5,144,03213
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
Notes and alternative reported figures (11)
  1. Printed under different labels across filings: “Cash flows from (used in)/generated from operating activities”; “Cash flows generated from/(used in) operating activities”.
  2. “Dividends received” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  3. “Purchase of investment property” is an issuer-specific line, not mapped to a shared definition: Note 16; investing activities.
  4. “Purchase of unquoted equity instruments” is an issuer-specific line, not mapped to a shared definition: Note 21; investing activities.
  5. “Purchase of corporate bonds” is an issuer-specific line, not mapped to a shared definition: Note 23; investing activities.
  6. Not reported in this filing: Not printed: the statement of cash flows of this filing (PDF p79) has no 'Purchase of corporate bonds' line for this column.
  7. “Dividend received from investment in associate” is an issuer-specific line, not mapped to a shared definition: Note 17; investing activities.
  8. Not reported in this filing: Not printed: the statement of cash flows of this filing (PDF p79) has no 'Dividend received from investment in associate' line for this column.
  9. Printed under different labels across filings: “Net cash (used in) investing activities”; “Net cash used in investing activities”.
  10. Printed under different labels across filings: “Net cash (used in) financing activities”; “Net cash used in financing activities”.
  11. Printed under different labels across filings: “Net (decrease)/increase in cash and cash equivalents”; “Net increase/(decrease) in cash and cash equivalents”.

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filingsource limitations
Earnings / (loss) per share (per share)1 0.70 0.79 0.89
Weighted average shares (shares)32 5,599,592 thousand 5,599,592 thousand 5,599,592 thousand
Notes and alternative reported figures (3)
  1. Earnings / (loss) per share: printed as “Earnings per share - basic and diluted”.
  2. Printed under different labels across filings: “Weighted average number of ordinary shares in issue”; “Weighted average number of ordinary shares in issue*”.
  3. Weighted average shares: printed as “Weighted average number of ordinary shares in issue”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 Dividend recommended, subject to shareholder approval The directors propose the payment of a first and final dividend of KShs 0.15 (2024 – KShs 0.15) per share totalling to KShs 840 million no amount Annual report, p187
31 Dec 2025 Dividend proposed per share, as printed in a statement First and final dividend proposed for the year, per share 0.15 KES per share Annual report, p187
31 Dec 2025 Dividends paid (cash flow statement) Dividends paid (839,936) KES thousands Annual report, p88
31 Dec 2024 Dividend recommended, subject to shareholder approval The directors propose the payment of a first and final dividend of KShs 0.15 (2023 – KShs 0.30) per share totalling to KShs 840 million no amount Annual report, p187
31 Dec 2024 Dividend proposed per share, as printed in a statement First and final dividend proposed for the year, per share 0.15 KES per share Annual report, p187
31 Dec 2024 Dividend proposed per share, as printed in a statement First and final dividend proposed for the year, per share2023's KShs 0.30 is per share before the 2024 1-for-1 bonus issue; both years total KShs 840 million. 0.15 KES per share Annual report, p187
31 Dec 2024 Dividends paid (cash flow statement) Dividends paid (839,939) KES thousands Annual report, p88
31 Dec 2023 Dividend proposed per share, as printed in a statement First and final dividend proposed for the year, per share2023's KShs 0.30 is per share before the 2024 1-for-1 bonus issue; both years total KShs 840 million. 0.30 KES per share Annual report, p187
31 Dec 2023 Dividends paid (cash flow statement) Dividends paid (559,959) KES thousands Annual report, p79

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Kenya Re Integrated Annual Report 2025

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: Auditor-General of Kenya (Office of the Auditor-General), unmodified opinion · signed

    Auditor's sign-off: FCPA Nancy Gathungu, CBS, Auditor-General

    Final status: Report of the Auditor-General signed by FCPA Nancy Gathungu, CBS, Auditor-General, and dated 26 March, 2026 (PDF p71, scanned, page image); statements approved by the board on 26th March, 2026 and signed by the principal officer and two directors (PDF p84, page image).

    Document date
    26 Mar 2026
    Auditor's report
    26 Mar 2026
    Board approval
    26 Mar 2026
    Retrieved by us
    7 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · KES thousands (printed “KShs '000”)
    • Key audit matter: estimation of insurance contract liabilities (PDF pp62-64).
    • Report on lawfulness and effectiveness in the use of public resources (PDF pp64-68, scanned): 'except for the effect of the matters described in the Basis for Conclusion' — board gender composition and appraisal, slow or stalled building and security projects (Anniversary Towers, Reinsurance Plaza Kisumu and Nairobi), a delayed payment to a contractor and net pay below one-third of basic pay for 145 employees. A separate conclusion on internal controls and governance is also given with exceptions (PDF p69). These do not modify the opinion on the financial statements.
    • Reconciliation, year ended 31 December 2025 (statement of profit or loss, PDF p82; KShs '000). (1) 'Net investment income' is printed 6,704,362; its six printed components (interest revenue 4,542,384; impairment gain 143,287; share of results of associate 816,498; fair value gains on investment properties 305,824; other investment income 1,035,560; net foreign exchange loss (247,651)) sum to 6,595,902: difference 108,460. (2) 'Net insurance and investment result' is printed 6,482,143; insurance service result 108,460 + printed net investment income 6,704,362 + net insurance finance expenses (222,219) = 6,590,603: difference (108,460). Not rounding. The difference equals the printed insurance service result, and the printed net insurance and investment result equals the insurance service result plus the six components plus the finance line exactly, so the 'Net investment income' subtotal appears to include the insurance service result (a scope difference inferred from the amounts; the issuer does not explain it). The 2024 column reconciles. All figures shown as printed.
    • The consolidated statement of financial position is headed 'FOR THE YEAR ENDED 31 DECEMBER 2025' above 'As at 31 December' columns, and ends with 'Net assets'; no total-equity-and-liabilities line is printed.
    • Proposed first and final dividend KShs 0.15 per share (2024: 0.15) (note 34). A 1-for-1 bonus issue in August 2024 doubled the shares in issue to 5,599,592,544 (note 12).
    Technical details
    File
    202 pages, with a text layer
    SHA-256
    eea33da0139521b46d6b8d76060caf164b899857bca6f88d127e17d6132c0d7f
    Entity as printed
    Kenya Reinsurance Corporation Limited (the Corporation) and its subsidiaries (the Group)
    Issuer copy
    retrieved 2026-10-07T18:22:39Z · curl

  • Kenya Re Integrated Annual Report 2024

    Year ended 31 December 2024 · Annual report · signed / final

    Audit: Auditor-General of Kenya (Office of the Auditor-General), unmodified opinion · signed

    Auditor's sign-off: FCPA Nancy Gathungu, CBS, Auditor-General

    Final status: Report of the Auditor-General signed by FCPA Nancy Gathungu, CBS, and dated 28 March, 2025 (PDF p61, scanned, page image); statements approved by the board on 27 March 2025 (day and month handwritten) and signed by the principal officer and two directors (PDF p75, page image). The file name ('Draft_10') does not match its signed and dated content; treated as the published report.

    Document date
    28 Mar 2025
    Auditor's report
    28 Mar 2025
    Board approval
    27 Mar 2025
    Retrieved by us
    7 Oct 2026 (not a publication date)
    Used for
    statement columns FY2023
    Basis
    consolidated statements · KES thousands (printed “KShs '000”)
    • Report on lawfulness and effectiveness in the use of public resources and on internal controls (PDF pp55-58, scanned): conclusions 'except for' the matters described (board composition, delayed projects at Reinsurance Plaza and Anniversary Towers, among others). These do not modify the opinion on the financial statements.
    • Reconciliation, statement of cash flows (PDF p79; KShs '000). Cash and cash equivalents at 1 January 2024 are printed 4,288,728; the closing balance at 31 December 2023 in the same statement is 5,144,032, which equals cash and bank balances 1,248,996 + short-term bank deposits 3,895,036 (note 33(b), PDF p187). Difference 855,304. Each column adds up on its own (2024: 4,288,728 + 3,535,625 - 373,647 = 7,450,706; 2023: 5,232,119 - 281,878 + 193,791 = 5,144,032). Not rounding; the report labels no restatement or reclassification of cash (note 37 covers other comprehensive income and ceding commissions only). The FY2025 report also starts 2024 at 4,288,728 (PDF p88). Unexplained source inconsistency: two checks fail (opening balance against the prior closing balance, and against the balance-sheet cash definition). All figures shown as printed.
    • The 2023 statement of profit or loss is headed '2023 Restated*' (note 37, prior year adjustments, including the correction of ceding commissions).
    • The statement of financial position ends with 'Net assets'; no total-equity-and-liabilities line is printed. The board-approval date is handwritten ('27-March') before a printed '2025'.
    Technical details
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    204 pages, with a text layer
    SHA-256
    e1dbc046232b367ac05c14ed889ca2e634f9be336a14211adacc62a929341544
    Entity as printed
    Kenya Reinsurance Corporation Limited (the Corporation) and its subsidiaries (the Group)
    Issuer copy
    retrieved 2026-10-07T18:22:44Z · curl

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