C
Originally published by Capital Businessbusiness
September 1, 2026
1h ago
CIC Insurance Group profit jumps 70% on investment gains
NAIROBI, Kenya, Sept 1 – CIC Insurance Group has reported a 70.3 percent increase in profit after tax to Sh1.09 billion for the six months ended June, supported by higher…..
✨ Key Highlights
CIC Insurance Group has reported a significant 70.3 percent jump in profit after tax, reaching Sh1.09 billion for the six months ending June.
- The impressive profit growth was primarily driven by a 44 percent increase in investment returns, which rose to Sh3.96 billion.
- CIC Insurance Group, a key player in the Kenyan insurance sector, saw its overall insurance revenue climb by 17.8 percent to Sh16.34 billion.
- Growth was notably strong in the general insurance business, fueled by increased volumes in motor and medical insurance, while the life assurance unit also expanded despite higher claims.
Continue Reading
Read the complete article from Capital Business
Advertisement
Advertisement