Kenya Re Half-Year Profit Rises 50% to KSh 1.58 Billion as FX Losses Ease
Kenya Re posted a 50% rise in HY profit after tax to KSh 1.58B, driven by higher investment income, lower costs and a 97% drop in FX losses...
✨ Key Highlights
Kenya Re announced a profit after tax growth of 50% to KSh 1.58 billion for the half-year ended June 30, 2025, up from KSh 1.06 billion a year prior. This significant increase was primarily driven by higher investment income and a substantial 97% reduction in foreign exchange losses.
Profit After Tax reached KSh 1.58 billion, a 50% increase.
The key organization involved is Kenya Re, a listed reinsurance company.
Foreign exchange losses significantly narrowed to KSh 22 million from KSh 844 million, playing a crucial role in the increased profitability amidst declining insurance revenue and service results.
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Part of the Day's Coverage
Kenyan Companies Report Mixed Half-Year Financial Results for Period Ending June 2025 - August 2025
Several Kenyan companies announced financial results for the half-year ending in June 2025. Kenya Re announced a 50% profit growth to KSh 1.58 billion, driven by higher investment income and a 97% reduction in foreign exchange losses. M Oriental Bank reported a 19.2% rise in profit to KSh 93.1 million and will hold an EGM to propose issuing new shares to address capital requirements. Conversely, CIC Insurance Group reported a 10% decline in half-year profit to KSh 638.5 million, which was cushioned by strong investment income. Other firms narrowed their losses, with Express Kenya PLC reducing its net loss to KSh 42.9 million and Flame Tree Group Holdings narrowing its losses to KSh 76 million. Express Kenya is also pivoting to real estate through a KSh 13 billion diversification plan to counter ongoing financial pressures.
