The group bucked the trend of falling investment returns in the industry by growing its net investment income by 11 percent to Sh1.67 billion.
By
Patrick Alushula
Business Reporter
Nation Media Group
CIC Insurance Group net earnings have raced past its entire 2025 profit in the first six months of this year, boosted by investment income and land sales despite underwriting revenue falling by more than half.
The lender’s profit after tax and minority interest rose from Sh7.73 billion in the previous similar period, overtaking Standard…
Co-op Bancassurance Intermediary’s pre-tax profit rose to Sh812.7 million from Sh790.8 million, supported by increased insurance…
I&M achieved a 24.8 percent growth in total operating income over the three-months period to Sh16.1 billion from Sh12.9 billion…
The group raised its loan-loss provision by 30 percent to Sh273.9 million from Sh210.6 million, signalling continued caution over…
ICRA Ltd reported a 32 percent net profit increase for the first quarter. Revenue from operations also saw a significant 31.2…
Kenya Re Group managing director said the results show the quality of the corporation’s underwriting portfolio.
