Inside Kenya's KSh 17.58 Trillion Economy
Kenya's economy reached KSh 17.58 trillion in 2025, with real GDP growing 4.6%. Agriculture leads at 23.2% of GDP, followed by transport at 11.8% and financial services at 8.3%. Accommodation posted the fastest growth at 15.6% while manufacturing grew just 2.0%.
DirectLine Deepens Loss to KSh 929.8Mn as Kenya's General Insurance Profit Drops 23%
General insurance sector recorded a profit after tax of KSh 10.7 billion in 2025, a 23% decline from KSh 13.9 billion in 2024, as claims rose 12.8% to KSh 107.97 billion on gross premium growth of 11.4% to KSh 227.2 billion.Micro-Insurers Lean on Safe Assets as Investments Hit KSh 848Mn
Kenya’s micro-insurance sector is steadily carving out a foothold in the broader insurance market, backed by rising investments and a growing share of industry activity.
Fraud Cartels Exploit Insurance Boom as Cases Triple in Three Months
Sanlam Allianz Kenya Posts Best Profit in Over a Decade
Sanlam Allianz Holdings (Kenya) PLC reported a profit before tax of KSh 1.315 billion for the full year ended 31 December 2025, its best result since 2014. The insurance service result surged 45.7% to KSh 951.5 million, reflecting stronger underwriting discipline and reinsurance optimisation. A KSh 2.5 billion rights issue retired the group's Stanbic Bank debt, cutting borrowings 66.3% and nearly tripling shareholders' funds to KSh 4.635 billion. The deposit administration fund grew 20.1% to KSh 4.727 billion, supported by the launch of Akiba Plus, the group's digital pension platform.Co-op Bank Plans to Reorganise its Corporate Structure
Co-operative Bank of Kenya plans to restructure into a Non-Operating Holding Company, renaming its listed entity Co-opbank Group PLC and creating a new banking subsidiary. The move follows KCB, Equity, NCBA, I&M and Stanbic. The bank controls seven subsidiaries across Kenya and South Sudan and targets assets above KSh 1 trillion by 2029CIC Insurance AGM on May 8 to Ratify Bonus Share Residuals
CIC Insurance Group's 47th AGM on May 8, 2026 will ask shareholders to ratify 53,587 additional ordinary shares allotted by the Board in June 2025, arising from fractional entitlements after the 1-for-10 bonus issue approved at the May 2025 AGM. The shares rank pari passu with existing stock. The meeting also covers FY2025 results, where net profit fell 82% to KSh 513.8 million, and a flat dividend of KSh 0.13 per share. Insurance revenue grew 12% to KSh 29.50 billion.Insurance Compensation Fund Opens KSh 500k Window for Trident Claimants
The Policyholders Compensation Fund (PCF) has opened a long-awaited compensation window for policyholders and claimants of Trident Insurance Company Limited.Jubilee Holdings Lifts Dividend to Record KSh 15
Jubilee Holdings Limited posted an 18% rise in net profit to KES 5.55 billion for the full year ended 31 December 2025, with gross written premiums growing 18% to KES 62.40 billion. The board declared a total dividend of KES 15 per share, up 11% on the prior year. The result extends a decade of compounding in which total assets have tripled to KES 251.08 billion and earnings per share have doubled to KES 80. Jubilee Health Insurance Kenya recorded an underwriting loss as claims costs outpaced revenue in select corporate segments.Britam Grows After-Tax Profit 10% to KSh 5.54 Bn as Claims Costs Erode Underwriting Gains
Britam Holdings Plc posted a decade-high profit before tax of KSh 7.90 billion in FY2025, up 7.8% from KSh 7.33 billion in 2024. Profit after tax rose 10.0% to KSh 5.54 billion, with EPS advancing to KSh 2.18. Insurance revenue grew 10.9% to KSh 41.65 billion, but the insurance service result fell 31.8% to KSh 3.46 billion on Medical and Motor claims pressure. Net investment income of KSh 31.87 billion cushioned the underwriting shortfall. Total assets reached KSh 243.8 billion. No dividend declared. A KSh 5.875 billion share premium reduction, pending shareholder approval, could restore the dividend pathway for the first time since 2019.CIC Insurance Posts 82% Profit Drop as Underwriting Fails
CIC Insurance Group posted a net profit of Ksh 513.8 Mn for the full year ended December 2025, down 82% from Ksh 2.86 Bn a year earlier, as the group's insurance service result swung to a loss of Ksh 176.0 Mn and a Ksh 1.0 Bn property revaluation gain that inflated 2024 earnings was absent. Insurance service expenses grew 16.4% to Ksh 28.21 Bn against premium revenue growth of 11.8% to Ksh 29.46 Bn. Net investment result fell 58.2% to Ksh 1.60 Bn. Asset management revenue was the standout, growing 40.7% to Ksh 1.78 Bn. The board maintained the dividend at Ksh 0.13 per share.Wells Fargo Gets Away with KSh 14.9mn in Quickmart Heist Dispute
