Britam Half-Year Profit Slips 14% to 1.74 Bn on Rising Finance Costs
Britam posted a profit of 1.74 Bn in H1 2025, down 14% YoY, as finance costs offset 11% insurance revenue and 30% investment income growth...
✨ Key Highlights
Britam Holdings Plc reported a 14% drop in profit after tax to KSh 1.74 billion for the half-year ended June 30, 2025, down from KSh 2.01 billion a year earlier. This decline occurred despite strong investment income and double-digit growth in insurance revenue, as rising finance costs impacted profitability.
- Net investment income surged 30% to KSh 17.3 billion, bolstered by KSh 10.6 billion in dividend income.
- The involved organization is Britam Holdings Plc, a listed financial services firm.
- Insurance revenue increased 11% to KSh 19.7 billion, driven by growth in both life and general insurance segments, yet higher finance expenses eroded margins.
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Part of the Day's Coverage
NCBA Half-Year Profit Rises to KSh 11.1Bn as Britam's Slips; 91-Day T-Bill Yield Drops Below 8% - August 2025
NCBA Group PLC reported a significant 12.6% increase in its half-year 2025 profit after tax, reaching KSh 11.1 billion, a result primarily driven by robust net interest income growth. In contrast, Britam Holdings Plc reported a 14% drop in profit after tax to KSh 1.74 billion for the half-year ended June 30, 2025. This decline at Britam occurred as rising finance costs impacted profitability, despite strong investment income. In the government securities market, Kenya's 91-day Treasury Bills yield dropped below 8% for the first time since June 2022. This followed a recent auction where investor demand was high, leading to the overall performance rate hitting 133.46%.
