The Online Kenyan Logo

The Online Kenyan

C
Originally published by Capital Business
📰 Read Full Article
business
February 24, 2026
3h ago

CIC expects net profit to drop 25pc to Sh2.14bn

CIC expects net profit to drop 25pc to Sh2.14bn

CIC attributed its stronger 2024 performance to a Sh1 billion gain from the revaluation of its Kiambu land property. Kenya breaking news | Kenya news today |..

✨ Key Highlights

CIC Insurance Group has issued a profit warning, projecting a significant drop in net profit for the full year ending December 31, 2025.

  • Projected net profit is Sh2.14 billion, a 25 percent decline from Sh2.85 billion recorded in the previous year.
  • The dip is attributed to the non-recurrence of a large one-off gain from land revaluation in 2024 and elevated claims.
  • Despite this projection, the Board expressed confidence in the Group's long-term strategy and capital strength.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article
Advertisement

Related News

Roadside traders given 7 days to clear Thika Superhighway as KeNHA plans safety upgrades
top6h ago

Roadside traders given 7 days to clear Thika Superhighway as KeNHA plans safety upgrades

The Kenya National Highways Authority (KeNHA) has issued a new seven-day ultimatum for roadside traders to clear sections of the Thika Superhighway to allow for safety and infrastructure upgrades.

C
Capital News
📰 Read Full Story
KeNHA Issues Eviction Notice to Traders Along Thika Superhighway
top7h ago

KeNHA Issues Eviction Notice to Traders Along Thika Superhighway

The Kenya National Highways Authority (KeNHA) has issued a seven-day eviction notice to roadside traders along Thika Road, including Kihunguro, Allsops, and Delview, for the construction of designated roadside stations.

K
Kenyans
📰 Read Full Story
Justice Bahati Mwamuye Transferred to Kiambu, Pending Cases Reassigned
top18h ago

Justice Bahati Mwamuye Transferred to Kiambu, Pending Cases Reassigned

Justice Bahati Mwamuye of the High Court’s Constitutional and Human Rights Division has been transferred to Kiambu, effective immediately.

C
Capital News
📰 Read Full Story
DCI Addresses Alleged Death of Officer Inside Kiambu Road Headquarters
top1d ago

DCI Addresses Alleged Death of Officer Inside Kiambu Road Headquarters

The Directorate of Criminal Investigations (DCI) has refuted claims that one of its officers was discovered deceased at the DCI Headquarters on Kiambu Road. The officer, attached to DCI Kajiado North Sub-County, passed away on Saturday, February 21, at his residence in Ngong.

K
Kenyans
📰 Read Full Story
Senate invites public input on Thika bid to be elevated to City status
top1d ago

Senate invites public input on Thika bid to be elevated to City status

The Senate has initiated a public consultation process regarding Thika Municipality's application to be granted city status.

C
Capital News
📰 Read Full Story
Several Injured After Lorry Rams into Bus Full of Passengers Along Thika Road
top1d ago

Several Injured After Lorry Rams into Bus Full of Passengers Along Thika Road

A lorry crashed into a passenger bus along Thika Road on Monday, February 23, causing significant traffic disruptions and leaving several injured.

K
Kenyans
📰 Read Full Story
Advertisement