Britam has posted a profit before tax of Kshs 2.5 billion, for the six-month period ended June 30, 2025 and saw an 11% growth in insurance revenue to Kshs 19.7 billion, reflecting strong momentum across both the Life and General insurance businesses.
Interest and dividend income also grew by 16% to Kshs 10.6 billion, supported by effective portfolio realignment and prudent investment strategies.
According to Tom Gitogo, Group Managing Director and CEO of Britam Holdings Plc, “Our performance in the first half of 2025 is a clear demonstration of Britam’s resilience and ability to deliver value even in a tough operating environment. Profit before tax stood at Kshs 2.5 billion mainly due to higher claims and effects of the declining yield curve. Importantly, this reflects our unwavering commitment to our customers, paying claims promptly and standing with them when they need us most.”
Britam’s balance sheet remained solid, with shareholders’ equity rising to Kshs 31.2 billion, up from Kshs 29.5 billion as at December 2024, reaffirming the Group’s strong capital position.
The review period falls within the last year of Britam’s five-year strategic plan, spanning 2021 to 2025, with a strong focus on enhancing customer value, driving digital adoption, growing the customer base, and optimizing operational efficiency to generate better returns.
Britam says its customer-centric innovations, such as simplified digital customer onboarding, streamlined customer journeys, and automated underwriting and claims processing have delivered faster, more seamless access to insurance and investment solutions.
Recently the Group’s General Insurance Business Unit, introduced an EV insurance offering, positioning it at the forefront of Kenya’s green mobility shift.
