CEOAFRICA Business News Correspondent gathered from Reuters Tabloid that Kenya Reinsurance Corp posted a 45 percent jump in full-year pretax profit to 2.9 billion shillings ($34.6 million), reflecting growth in investment income and gross premiums that outpaced claims paid out.

The gross premium, according to the reinsurer, increase by 20 percent to 7.9 billion shillings in 2012, while investment income nearly doubled to 2.6 billion.

According to Reuters Tabloid, the growth in revenue and profit beat the firm's forecast of between 15 and 20 percent.

Gross claims rose by a third to 4.2 billion shillings, while earnings per share rose to 4.00 shillings from 2.74 shillings.

Its total assets rose to 23.78 billion shillings from 19.3 billion at the end of 2011.