Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Apr 2025

MENA: Active Re reports strong financial results for 2024

Source: Middle East Insurance Review | Apr 2025

Active Capital Reinsurance (Active Re) marked its 17th anniversary in 2024 with better showing across several performance indicators.
 
In an official statement, Active Re said, “Net reinsurance premiums increased by 16%, while net retained premiums by 17%, reaching historic figures. Total equity expanded by 19%, maintaining a double-digit compound annual growth rate (47%) since its founding. Additionally, financial income more than doubled the average of the past five years, contributing one-quarter to the return on equity (ROE) of 19%.”
 
Although the company did not provide exact figures for 2024, its 2023 financial statements give an idea of their scale. 
 
For instance, net reinsurance premiums reached $193.6m in 2023. Between 2019 and 2023, the accumulated total premium amounted to $794m. Active Re’s total equity as of 31 December 2023 was $87.6m.
 
“Our participation in Miami Reinsurance Week was an excellent opportunity to strengthen relationships, consolidate our positioning in the industry and highlight the achievements reached at the end of 2024,” said Active Re CEO Ramón Martínez Carrera of his company’s networking and partnership efforts. M 
 
| Print
CAPTCHA image
Enter the code shown above in the box below.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

 

Recent Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.