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Listed financial services provider Sanlam Allianz Holdings (Kenya) quadrupled its net profit to Sh124.6 million in the half-year period ended June 2026.
Insurance revenue increased to Sh2.2 billion, while net profit rose to Sh124.6 million, up from Sh30.9 million in the same period last year. This, the firm said, shows resilient performance amid higher claims and lower investment returns during the period.
Sanlam Allianz Holdings Kenya Group Chief Executive Dr Patrick Tumbo said the firm had sustained its business development efforts to accelerate growth while reducing its operating costs.
“The business has seen a significant growth of 32 per cent in Gross Written Premiums (GWP) compared to the same period last year,” he said.
