Page 133 - Continental Reinsurance 2022 Annual Report

Notes to the Consolidated and separate financial statement - continued 131

For the year ended 31 December 2022

43.1Management of Insurance risk (continued)
The Company’s insurance risk by regional offices and by class is shown on the table below:

Insurance Risk By Region Gross written Ceded to Net written Percentage Percentage
Group Premium Retrocessionaire Premium (GWP) (Retro)
% %
(=N='000) (=N='000) (=N='000)

31 December 2022 28,208,086 (7,137,210.4) 21,070,875 27% 32%
41,478,899 (7,838,090.0) 33,640,809 40% 35%
Anglophone west 10,901,555 (1,415,991.5) 11%
Eastern Africa (1,509,068.6) 9,485,564 6%
Southern Africa 3,712,202 (1,807,327.6) 2,203,133 4% 7%
Central Africa 13,076,669 (2,701,585.4) 11,269,341 13% 8%
Northern Africa (22,409,273) 3,137,210 12%
Francophone West 5,838,794 80,806,932 6% 100%
Total 103,216,204 100%
(3,813,420.9) 21,407,154 26%
31 December 2021 25,220,574 (3,802,515.0) 18,439,258 24% 26%
Anglophone west 22,241,773 (3,231,620.3) 22% 22%
Eastern Africa 4,835,412
Southern Africa 8,067,032 (950,411.2) 1,504,780 8% 7%
Central Africa 2,455,192 (813,925.1) 7,164,571 2% 6%
Northern Africa 7,978,496 (1,796,138.8) 2,625,871 8% 12%
Francophone West 4,422,008 (14,408,031) 55,977,045 4% 100%
Total 70,385,075 100%

Company Gross written Ceded to Net written Percentage Percentage
Premium Retrocessionaire Premium (GWP) (Retro)
31 December 2022 % %
(=N='000) (=N='000) (=N='000)
Anglophone west
Eastern Africa 28,208,086 (6,395,975) 21,812,111 63% 72%
Southern Africa 283,206 - 283,206 1% 0%
Central Africa 4% 6%
Northern Africa 1,820,201 (578,168) 1,242,033 1% 0%
Francophone West 394,890 - 394,890
Total 29% 20%
13,076,669 (1,807,328) 11,269,341 2% 2%
31 December 2021 709,241 (163,067) 546,174
Anglophone west 100% 100%
Eastern Africa 44,492,292 (8,944,538) 35,547,753
Southern Africa 57% 72%
Central Africa 25,220,574 (3,813,421) 21,407,154 0% 0%
Northern Africa - - - 4%
Francophone West 0% 13%
Total 1,726,918 (690,767) 1,036,151 0%
- - - 18%
0% 15%
7,978,496 (813,925) 7,164,571 0%
- - - 78%
100%
34,925,988 (5,318,113) 29,607,874