Sanlam Allianz Kenya profit rises to Sh124.6 million
Listed non-bank financial services provider Sanlam Allianz Holdings (Kenya) has more than quadrupled its net profit for the first half of 2026, supported by higher insurance revenue and continued efforts to control operating costs. The company posted a net profit of Sh124.6 million for the six months ended June 30, 2026, up from Sh30.9 million [...] The post Sanlam Allianz Kenya profit rises to…
Kenya's non-bank financial services company Sanlam Allianz Holdings reported a significant increase in net profit for the first half of 2026, quadrupling to Sh124.6 million compared to Sh30.9 million in the same period last year. The enhanced earnings were driven by a 7.6% increase in insurance revenue to Sh2.2 billion and the company's ongoing efforts to manage operating costs.
Sanlam Allianz CEO Dr. Nyamemba Patrick Tumbo credited the improved financial position to stronger balance sheet health, with capital surpassing KSh40 billion for the first time and a solvency ratio of 266%, surpassing regulatory minimums. Looking ahead, the company aims to bolster insurance revenue while maintaining cost discipline and converting its new capital base into profitable growth.
Additionally, Sanlam Allianz is expanding its product offerings, including the launch of the Sanlam Allianz Income Drawdown Fund and Flexi Future Plus, a savings product designed for various life stages, as it seeks to cater to evolving financial needs in Kenya.
Written by urgent.news from KahawaTungu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
