techtrendske.co.ke

Sanlam Allianz Kenya profit quadruples to Sh124.6M on higher premiums

Allianz SE logoAllianz SE
Sig2.27Sen+3.45Env0.00Soc+1.20Gov+1.50
Sanlam logoSanlam
Sig2.50Sen+4.23Env0.00Soc+1.05Gov+1.27

Sanlam Allianz Holdings (Kenya) Plc posted half-year net profit of Sh124.6 million, up from Sh30.9 million, driven by a 32% rise in gross written premiums and insurance revenue reaching Sh2.2 billion. The insurer says its balance sheet topped Sh40 billion and solvency closed at 266%, while it launched the Income Drawdown Fund and expanded savings options.

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