Continental Re 2017 Year End Financial Summary

12 Months Report CONTINENTAL RE INSURANCE PLC
	2017 N'000	2016 N'000	change	Year End
Revenue	29,673,215	25,406,048	17%	December
Profit before taxation	3,570,285	4,651,687	-23%
Profit for the period	2,470,291	3,118,635	-21%
Issued Shares (Units)	10,372,744,314	10,372,744,314
Basic Earnings Per Shares (Kobo)	27.00	28.00	-4%
Last total dividend paid (Kobo)	14.00	14.00	0%

2017 was not a bad year for the company in terms of revenue as it grew by 17%. However, profit before tax declined by 23% so was profit after tax which declined by 21%. A closer look at the result revealed that the company retrocessionaire expense increased by 362.41%. This significantly reduce the Risk profile of its reinsurance covers but at a cost. It was also noticed that forex gain declined considerable from last period. It declined by 71.54%. The two observations impacted the company performance negatively the reason the revenue was not translated to increased profit.

The Company declared a divided of 14k as it was last year.