Uganda Re 13th Annual General Meeting
Uganda Reinsurance Company Limited (Uganda Re) successfully convened its 13th Hybrid Annual General Meeting (AGM) for 2025 at its newly acquired premises on Plot 4, Prince Charles Drive in Kololo—an iconic milestone that reflects both institutional growth and long-term stability. The hybrid format brought together shareholders, partners, and stakeholders from across the region, creating a dynamic platform to reflect on past performance, engage in meaningful dialogue, and chart a bold path forward.
The AGM was marked by a strong sense of achievement and optimism, underpinned by Uganda Re’s impressive financial performance and strategic progress. In her address, the Chairperson of the Board of Directors, Dr. Joyce Namirimo Tamale, proposed a dividend payout equivalent to 30% of Profit After Tax for the 2025 financial year. This recommendation follows a year of improved performance and a strengthened capital base, reinforcing investor confidence and the company’s commitment to delivering shareholder value.
Dr. Tamale also expressed her delight at hosting the AGM in Uganda Re’s own premises for the first time, describing the move to Kololo Hill as a defining moment in the company’s journey. She commended the management and staff for their dedication, professionalism, and the exceptional work that continues to position Uganda Re as a trusted leader in the reinsurance sector.
Chief Executive Officer Ronald Musoke highlighted that 2025 had been a year of focused execution, resilience, and meaningful progress, achieved despite a dynamic and often challenging operating environment. He reaffirmed Uganda Re’s commitment to sustaining strong performance while driving long-term, sustainable growth. Mr. Musoke also extended sincere appreciation to business partners and stakeholders for their continued trust and collaboration, while recognizing the unwavering commitment of staff and the strategic guidance of the Board of Directors.
Providing further insight into the company’s financial standing, Chief Finance Officer Naggayi Racheal Kyaligonza presented a robust financial performance report. She noted a significant rise in Profit Before Tax to UGX 9.6 billion in 2025, up from UGX 3.9 billion in 2024. Profit After Tax also grew to UGX 3.8 billion from UGX 3.2 billion the previous year—clear indicators of Uganda Re’s financial resilience, disciplined management, and steady upward trajectory.
A key highlight of the AGM was the official launch of Uganda Re’s 2026–2030 Strategic Plan. This forward-looking blueprint is designed to enhance service delivery, deepen partnerships, and accelerate the company’s ambition of becoming a leading reinsurer on the African continent. The plan underscores Uganda Re’s commitment to innovation, operational excellence, and sustainable impact in an evolving global risk landscape.
As Uganda Re steps into this new chapter from its permanent home, the company remains firmly anchored in its purpose—building resilience, enabling growth, and shaping a stronger future for Africa’s reinsurance industry.
Ambassador Kaboyo described the newly launched Strategic Plan as more than a document—it is a firm commitment by both the Board and Management to steer Uganda Re into a transformative future. He noted that the plan represents the beginning of a bold five-year journey focused on strengthening the business, unlocking new opportunities, and delivering meaningful impact for stakeholders and the broader insurance ecosystem.
As Uganda Re steps into this new chapter from its permanent home, the company remains firmly anchored in its purpose—building resilience, enabling growth, and shaping a stronger future for Africa’s reinsurance industry.
