Kenya Re maintains Sh840m dividend payout as profit falls for second year
The Sh839.9 million is from a dividend payout of Sh0.15 per share...
✨ Key Highlights
Kenya Re has maintained a Sh839.94 million dividend payout (Sh0.15 per share) despite a 11.6% drop in net profit for the second consecutive year, falling to Sh3.92 billion in the financial year ended December 2025.
- Kenya Re's net profit fell to Sh3.92 billion from Sh4.43 billion in 2024.
- The company cited under-performance in its international treaty business and operations in Zambia and Côte d’Ivoire, alongside stiff competition and rising global reinsurance costs.
- Despite profitability challenges and prior governance issues involving the suspended managing director Hillary Wachinga, net investment income grew by 41.3%, helping to cushion the overall decline.
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Kenya Re Maintains Sh840m Dividend Despite Profit Decline - March 2026
Kenya Re has maintained a Sh839.94 million dividend payout (Sh0.15 per share) despite an 11.6% drop in net profit for the second consecutive year, with profits falling to Sh3.92 billion in the financial year ended December 2025. Meanwhile, Kenyan electric mobility and renewable energy firm Agilitee is set to complete a reverse merger with a U.S.-listed company on April 13, 2026, to expand its global presence. Separately, KOKO Networks is holding its first creditors' meeting on April 10, 2026, following its exit from the Kenyan market earlier this year. Additionally, the Communications and Multimedia Appeals Tribunal ruled in favour of the Communications Authority of Kenya, allowing the revocation of six broadcasting licences held by Standard Media Group PLC due to Sh48.9 million in outstanding fees.
