Online Reporter
Nqobile Bhebhe
Zimpapers Business Hub
ZIMRE Holdings is reaping the fruits of its regional expansion, posting a 15 percent surge in profit after tax to US$10,74 million in the half-year to June 2026, amid growing contribution from external markets.
The diversified insurance group is pursuing opportunities in selected African markets under its Great Africa Trek strategy. Regional operations now contribute 49 percent of insurance contract revenue, up from 46 percent in the prior comparative period.
The performance underscores the group’s increasing reliance on markets beyond Zimbabwe to diversify revenue streams, strengthen underwriting capacity and build a broader African insurance and reinsurance footprint.
Zimre chairman Mr Desmond Matete said the group’s insurance businesses continued to benefit from regional market expansion, new products and organic growth.
“The group’s insurance contract revenue increased by 13 percent from US$440,31 million recorded in the prior period, June 2025, to US445,60 million in June 2026.
“The growth was on the back of continued expansion into local and external markets, innovative products and organic growth across the group’s insurance, reinsurance and life and pensions segments,” said Mr Matete in the group’s half-year financial statements.
Reinsurance remained the dominant contributor to the group’s insurance contract revenue, accounting for 77 percent, up from 73 percent in the prior period.
“Reinsurance operations accounted for 77 percent (2025: 73 percent) of insurance contract revenue, with Zimbabwe and Malawi being key contributors under the reinsurance cluster at 27 percent and 15 percent (2025: 27 percent and 11 percent), respectively.”
The increased contribution from Malawi points to the growing importance of regional markets to Zimre’s expansion strategy, while the overall regional contribution increased by three percentage points to 49 percent.
“The regional operations contributed 49 percent to the insurance contract revenue, an increase from 46 percent in the prior period on account of market expansion in pursuance of the Great Africa Trek strategy.”
