Consolidated Annual Report – December 2024
The company reported a profit before tax for the year ended 31 December 2024, a significant increase from 2023. Insurance revenue grew substantially from the prior year, driven by strong performance in its insurance services. Investment income also contributed positively to profitability. The auditor issued…
Update on Zimbabwe Gold (ZWG) Policies
Cell Insurance would like to advise all its valued Customers and stakeholders with Zimbabwe Gold (ZWG) denominated policies, of the need to review their policies in line with the prevailing market conditions. Following the recent changes to the Zimbabwe Gold (ZWG) currency it has become…
Consolidated Annual Report – December 2023
The group reported a return to profitability on an inflation-adjusted basis, with a profit before tax of ZWL$5.58 billion, a significant recovery from a loss of ZWL$2.17 billion in 2022. This performance was driven by strong growth in insurance revenue, which reached ZWL$154.3 billion, nearly…
New Hive, New Home: The Honeybees Are On The Move.
We are pleased to advise our customers and stakeholders that our Head Office will be moving to a new hive effective 1 August 2023. The move is a momentous milestone in the history of the Cell Insurance Group as we strive to enhance our service…
Consolidated Annual Report – December 2022
The group reported continued premium growth on an inflation-adjusted basis, with gross written premiums reaching ZWL$19.7 billion, a significant increase from ZWL$11.0 billion in 2021. However, the Group posted a net loss of ZWL$504.0 million (inflation-adjusted), driven by increased claims expenses, higher operating costs, and…
Consolidated Annual Report – December 2021
In 2021, Cell Insurance reported substantial top-line growth, with gross written premiums reaching ZWL$3.2 billion on an inflation-adjusted basis (ZWL$2.4 billion historical cost), a significant increase from the prior year. The Group achieved a profit after tax of ZWL$168.3 million (inflation-adjusted), underpinned by a strong…
Consolidated Annual Report – December 2020
In 2020, the group reported strong premium performance on an inflation-adjusted basis, with gross written premiums reaching ZWL$1.82 billion, up from ZWL$1.80 billion in 2019. The Group achieved a net profit of ZWL$78.1 million (inflation-adjusted), supported by disciplined expense control and growth in certain insurance…