Increased insurance revenue lifts Britam profit to Sh2.66bn
NAIROBI, Kenya, Aug 28 – Britam Holdings Plc has reported a 53 percent rise in profit after tax to Sh2.66 billion for the six months ended June 2026, from Sh1.74…
Britam Holdings Plc has reported a significant rise in profit after tax, with a 53 percent increase to Sh2.66 billion for the six months ending June 2026, compared to Sh1.74 billion in the same period last year. The growth in insurance revenue, up by 13.7 percent to Sh22.4 billion, played a crucial role in the company's improved financial performance.
The net insurance service result, which is a stronger indicator of the group's core operations, also increased to Sh1.76 billion from Sh1.29 billion. Earnings per share reached Sh1.05, up from Sh0.68, while profit before tax rose by 52 percent to Sh3.82 billion. Total assets grew by 11 percent to Sh270.84 billion, and shareholders' funds amounted to Sh37.26 billion.
The insurer attributes the half-year success to growth across its businesses and ongoing implementation of its strategic priorities.
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Also reported by 2 other outlets
- Britam half-year net profit up 53pc to Sh2.66bn businessdailyafrica.com
- Britam half-year net profit up 53 per cent to Sh2.66bn nation.africa
