N
Originally published by Nation Business
📰 Read Full Article
business
March 27, 2026
12h ago

Kenya Re maintains Sh840m dividend payout as profit falls for second year

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.

Continue Reading

Read the complete article from Nation Business

📰 Read Full Article
Advertisement
Advertisement