Listed reinsurer Kenya Reinsurance Corporation (Kenya Re), which is 60% owned by the government, has posted a record KES2.25bn ($17.32m) in consolidated net profit for the first half of this year, 42.8% higher compared to the corresponding half in 2025.
The jump in net profit was driven by higher insurance revenue and an insurance service result four times that of 1H2025.
The highlights of Kenya Re’s 1H2026 consolidated financial performance include:
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Total insurance revenue rose by 14% to KES9.44bn from KES8.26bn in 1H2025.
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The insurance service result increased to KES1.25bn from KES303m as insurance service expenses declined to KES5.30bn from KES5.42bn.
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Investment income declined about 4% to KES2.67bn from KES2.77bn.
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Operating and other expenses increased by 21.7% to KES755.3m from KES620.5m. Management attributed the increase mainly to business expansion and growth initiatives.
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Total assets reached KES74.73bn as of 30 June 2026, 3.5% higher than the KES72.20bn recorded as of 31 December 2025.