Britam Holdings’ profit before tax rose 52 per cent to Ksh3.8 billion in the six months to June, growing almost four times the rate of insurance revenue, which increased 13.7 per cent to Ksh22.4 billion.

🇰🇪 Breaking It Down

The insurer reported a Ksh1.31 billion increase in pre-tax profit from Ksh2.5 billion recorded in the same period last year, according to financial results released Friday, August 28.

Profit after tax rose to Ksh2.66 billion from Ksh1.74 billion, an increase of Ksh926.23 million or 53 per cent.

Insurance revenue increased 13.7 per cent to Ksh22.4 billion from Ksh19.7 billion in the first half of 2025.

📌 What You Need to Know

“The growth was driven by continued growth across the Group’s Life and General Insurance businesses and the strength of its distribution and partnership networks across its markets,” Britam said.

The group’s net insurance service result strengthened 36 per cent to Ksh1.8 billion, which Britam attributed to tighter underwriting discipline and improved claims management across its regional markets.

Interest and dividend income increased 13 per cent to Ksh12 billion, supported by what the insurer described as disciplined portfolio management and continued optimisation of its investments.

Britam’s total assets increased to Ksh270.8 billion, while total equity rose to Ksh37.6 billion.

The group’s Contractual Service Margin (CSM), which represents expected future profit from insurance contracts, grew 27 per cent to Ksh15.6 billion.

The insurer reported an 18 per cent return on equity, highlighting stronger profitability during the period.

📰 Source: Kenyans.co.ke