CIC Insurance Group reported a 10% decline in half-year profit after tax to KSh 638.5 Mn, despite growth in insurance revenue, as increased insurance costs were largely cushioned by strong investment and asset management income.

• Profit after tax fell to KSh 638.5 Mn, down 10% year-on-year, while total assets expanded 13% to KSh 70.1 Bn in the first half of 2025.
• CIC’s insurance revenue grew by 8.4% to KSh 13.87 Bn, but insurance service results plunged 88% to KSh 128.2 Mn due to higher claims and underwriting costs.
• Net investment result surged 121% to KSh 1.51 Bn and asset management income increased 37% to KSh 829.33 Mn, offsetting the drag from insurance profitability.