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Originally published by Nation Businessbusiness
August 28, 2026
1h ago
Britam half-year net profit up 53 per cent to Sh2.66bn
Improved underwriting and lower expenses fuel the insurerβs recovery...
β¨ Key Highlights
Britam Holdings has announced a significant increase in its net profit for the first half of 2026, with a 53.3 percent jump to Sh2.66 billion.
- The profit growth was driven by improved underwriting performance and reduced expenses, with the net insurance service result up 36 percent to Sh1.76 billion.
- Key figure: Britam Group Managing Director and CEO Tom Gitogo highlighted sustained growth across Life and General insurance businesses.
- A notable detail is the decline in net investment income to Sh13.4 billion from Sh17.3 billion, attributed partly to changes in financial asset valuations and a declining yield curve.
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