CIC 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
Kenya Re's Underwriting Engine Stalls, Investment Income Carries the Load
Kenya Reinsurance Corporation (NSE: KNRE) reported a KSh 3.92 billion profit after tax for the year ended 31 December 2025, an 11.6% decline from KSh 4.44 billion in 2024. The insurance service result collapsed 96.3% to KSh 108 million as net reinsurance contract expenses nearly doubled to KSh 1.35 billion. Net investment income surged 41.4% to KSh 6.60 billion, largely on a foreign exchange swing of KSh 1.44 billion. Operating cash flow fell 80.2% to KSh 876 million. A final dividend of KSh 0.15 per share was declared.The Rapid Growth of Equity Group’s Insurance Arm
Equity Group’s expansion into insurance is accelerating just as financial pressures reshape how Kenyan households manage risk, positioning the business as a key growth engineSHA Survives Constitutional Test, but Transition Flaws Persist
Although the judgment acknowledged weaknesses and irregularities in the process, it concluded they were not strong enough to invalidate the contract itself.Insurance Statutory Manager Imposes Six-Month Moratorium on Three Insurers
Policyholders of three troubled insurers will face a six-month freeze on payouts after the Policyholders Compensation Fund (PCF) declared a moratorium following its appointment as statutory manager.Old Mutual Holdings' 2025 Fee Income Surges as Insurance Weakens
Old Mutual Holdings Plc reported a 2.1% increase in net profit to KSh 856 Mn for FY2025, lifted by a 34.4% surge in fee and commission income from asset management growth. The insurance service result swung to a KSh 151 Mn loss as revenue fell 5.2% following the South Sudan exit and medical insurance pullback. Operating costs jumped 49.5% to KSh 3.09 Bn. The general insurance subsidiary posted a 7.2% rise in pretax profit. The group completed its Kenya life entities merger and launched the Thrive digital wellness platform. No dividend was declared.AfrexInsure Appoints Lesley Ndlovu as New CEO
