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​2017 Annual Results

Despite a prolonged electioneering period, pervasive drought and a credit crunch, Kenya’s economy remained quite resilient during the year, with a stable macro-economic environment fueled by stable oil prices, growing tourist numbers and heavy investments in infrastructure by the Government.

Highlights

"Despite the slowed economic growth recorded in the year, the insurance industry registered a 10.7% growth in premiums during the period to September 2017 compared to a growth of 7.2% in a similar period in 2016. The growth was largely driven by accelerated growth in the life insurance segment which grew by 16.9% compared to the general insurance segment that grew by 7.2%. Overall premiums are however still largely skewed towards general insurance which accounted for 62.3% of the KShs 160.6 billion of premiums collected as at the end of September 2017."
Dr. John PN Simba, OGW, EGH (Chairman)

Key Features

  • Profit before tax at KShs. 247m (2016: KShs. 317m)
  • Total assets up by 5% to KShs. 29.8b (2016: KShs. 28.4b)
  • Group Embedded Value is at KShs. 4.4b (2016: KShs. 4.7b)
  • Value of New Business is at KShs. 45m (2016: KShs. -88m)
  • General Insurance Written Premium is at KShs. 2.15b (2016: KShs. 1b)
  • General business underwriting profit is at KShs. 40m (2016: KShs. -38m)
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