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Originally published by Nation Businessbusiness
March 27, 2026
12h ago
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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