Treaty Assumptions

Layer Percent Paid

PC Split 50%

PC Expense Ratio 10.0%

UPR 36.0%

Date 2021 2021 RECON 2022 2022 RECON

Premium 205,905,962 219,121,216 279,250,016 279,250,016
Expenses (20,590,596) (21,912,122) (27,925,002) (27,925,002)
Claims (3,947,395) (3,947,395) (71,443,038) (71,443,038)
Commission (excl WHT) (72,067,087) (76,692,425) (97,737,507) (97,737,507)
Reserves b/f - - 107,826,518 107,826,518
UPR c/f (74,126,146) (78,883,638) (100,530,006) (100,530,006)
IBNR c/f (33,700,371) (33,700,371) (45,704,501) (45,704,501)
LBF - -
Profit 1,474,366 3,985,265 43,736,480 43,736,480

Profit Commission 737,183 1,992,632 21,868,240 21,868,240

PC Payment (RWF): 22,605,423

RECON 23,860,872
Treaty Assumptions
Layer Percent Paid
PC Split 50%

PC Expense Ratio 10.0%

UPR 36.0%

Date 2021 2021 RECON 2022

Premium 461,129,253 460,898,046 733,527,501
Expenses 46,112,925 46,089,805 73,352,750
Claims (8,110,265) (10,629,213) (104,971,234)
Commission (161,395,239) (161,314,316) (256,734,625)
Reserves b/f - - 241,438,454
UPR c/f (166,006,531) (166,006,531) (264,069,900)
IBNR c/f (75,431,923) (75,431,923) (120,055,529)
LBF - -
Profit 96,298,220 93,605,867 302,487,416

Profit Commission 48,149,110 46,802,934 151,243,708

PC Payment (RWF): 199,392,818

RECON 198,046,642

Overall diff
2022 RECON
733,527,501
73,352,750
(104,971,234)
(256,734,625)
241,438,454
(264,069,900)
(120,055,529)

302,487,416

151,243,708

241,681,596.466046 241,772,324

90,727.4924061894
Treaty Assumptions
Layer Percent Paid
PC Split 50%

PC Expense Ratio 10.0%

UPR 36.0%
WHT 15.0%

Date 2021 2021 RECON 2022 2022 RECON

Premium 35,858,571 35,858,570 33,259,827 33,259,827
Expenses (3,585,857) (3,585,857) (3,325,983) (3,325,983)
Claims - - -
Commission - - -
WHT Tax (3,585,858) (3,585,858) (3,325,982) (3,325,982)
Reserves b/f 16,752,924 16,752,924
UPR c/f (12,909,086) (12,909,086) (11,973,538) (11,973,538)
IBNR c/f (3,843,838) (3,843,838) (3,773,016) (3,773,016)
LBF - -
Profit 11,933,932 11,933,932 27,614,233 27,614,233

Profit Commission 5,966,966 5,966,966 13,807,116 13,807,116

PC Payment (RWF): 19,774,082

RECON 19,774,082