Dominique Galea Chairman's Report

Chairman's Report
" MUA is actively pursuing its strategy to become the region’s leading sustainable and responsible insurer and, in doing so, better serve the needs of our customers and society."
On behalf of the Board of Directors, I am pleased to present the Annual Report of MUA Ltd, our holding company, for the year ending 31 December 2021.
Results
For the year under review, Gross Premium Earned increased by 28% to Rs 6,680m and the group’s net after tax profits increased by 14% to Rs 415m. Gross Premium Earned across our East African subsidiaries showed a 43% increase in 2021. Now, for the first time, it represents over 50% of the group’s total general insurance premiums.