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 engine
SHA 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
Liberty Kenya Maintains Dividend at 50 Cents as Earnings Fall
Liberty Kenya Holdings reported a sharp decline in profitability for FY2025, with net earnings falling 65% to KShs 487 million as higher insurance claims and weaker investment income compressed margins. Despite the drop in earnings, insurance revenue grew 8.5% to KShs 11.9 billion, reflecting continued business expansion, while the Group maintained a stable capital position and sustained its dividend at KShs 0.50 per share.Kenya Returns to Domestic Bond Market with March Reopenings and Bond Switch Offer
Kenya has launched a March reopening of the 2039 and 2046 Treasury bonds targeting KSh 60Bn, alongside a KSh 15Bn bond switch to extend maturities. The move comes after net domestic financing reached KSh 554.96Bn by December, equal to 87% of the FY2025/26 target. The operations signal a shift toward maturity management after heavy front-loaded domestic borrowing earlier in the fiscal year.CIC Insurance Issues Profit Warning as Claims Pressure Builds
CIC Insurance Group has issued a profit warning, saying FY 2025 profit after tax will fall by at least 25% from 2024 as elevated claims and weaker underwriting weigh on earnings. The warning comes a week after the insurer sold land worth about KSh 1.8 Bn to improve liquidity and reflects the absence of a one-off KSh 1.0 Bn land revaluation gain booked last year, which had lifted reported profits.Liberty Kenya Issues Profit Warning, Citing Claims Pressure And Investment Income Decline
Liberty Kenya Holdings Plc warned on Monday, January 19, 2026, that profit after tax for the year ended December 31, 2025, will fall by at least 25 percent from 2024 levels. The insurer cited weaker investment income, higher claims experience and an accounting loss from the disposal of its Heritage Insurance Tanzania stake. Liberty Kenya reported profit after tax of KSh 1.40 billion in 2024. Shares were unchanged at KSh 10.30 in early trading.Kenya Re Proposes Dual Share Structure Giving Treasury Majority Board Control
Kenya’s state-backed reinsurer plans to lock in government control of its board through a governance overhaul that would introduce unequal voting power between shareholdersInsurance Policyholders to be Compensated Upto KSh 500, 000 in Case of Collapse
Policyholders caught up in the collapse of insurance companies will now receive a maximum payout of KSh 500,000 per claim, after regulators doubled the compensation ceiling.
