Britam Holdings Plc has reported a 52 per cent increase in profit before tax to Ksh3.8 billion for the six months ended June 30, 2026, from Ksh2.5 billion recorded in the same period last year.
The insurer said the performance provides a strong start to its ASCEND 2026-2030 strategy, with growth in underwriting revenue and investment income supporting the improved results.
Insurance revenue increased by 13.7 per cent to Ksh22.4 billion from Ksh19.7 billion, driven by continued growth in Britam’s Life and General Insurance businesses as well as the strength of its distribution and partnership networks across its markets.
Britam Group Managing Director and CEO Tom Gitogo said the half-year performance demonstrated that the company’s new strategy was translating into stronger business outcomes.
The ASCEND strategy is anchored on sustainable African expansion, customer-led innovation, operational excellence and digital transformation.
“These results give us an encouraging start to our ASCEND Strategy and show that we are moving in the right direction by responding to customers’ needs and translating that into sustainable business growth,” Gitogo said. “We are strengthening Britam from within while remaining focused on our purpose of safeguarding the dreams and aspirations of our customers across Africa.”
Underwriting performance
Britam’s net insurance service result rose 36 per cent to Ksh1.8 billion from Ksh1.3 billion, reflecting improved underwriting performance across both its Life and General Insurance businesses.
The company said the improvement demonstrates the health of its underwriting principles and continued focus on disciplined execution across the business.
“The improvement in the insurance service result is important because it reflects the underlying health of our core business,” Gitogo said. “We will continue to execute with discipline while investing in customer experience, distribution and digital capability to support sustainable growth.”
Investment income also strengthened during the period.
Interest and dividend income increased to Ksh12 billion, which Britam attributed to disciplined portfolio management and continued optimisation of its investments.
The Group’s total assets increased to Ksh270.8 billion, while total equity rose to Ksh37.6 billion.
Britam said the growth in assets and equity highlights its robust capital position and provides a strong foundation for pursuing future growth opportunities across the region.
Britam brand position
Beyond its financial results, Britam reported several developments across its businesses during the first half of the year.
The insurer continued to strengthen its brand position, ranking as the eighth-strongest brand in Africa and the third-strongest brand in Kenya, while also being named the Most Valuable Insurance Brand in Kenya by Brand Finance.
The company also received industry recognition after being named the winner of the 2026 AIO Hall of Fame Award in the Insurance Company category by the African Insurance Organisation.
The award recognised Britam’s contribution to the development of the insurance industry in Africa.
Climate-related claims
On sustainability, Britam released its 2025 Sustainability Report, which highlighted progress in responsible business, climate action and sustainable value creation.
The Group said it paid Ksh97.3 million in claims in 2025 to support 402,681 farmers and pastoralists affected by climate-related shocks across East Africa.
Britam Foundation also released its inaugural 2025 Impact Report, detailing its work in four areas — water access, maternal health, environmental restoration and enterprise development.
In nearly two years of operation, the Foundation has impacted more than 172,000 lives and supported the creation of more than 1,628 jobs.
New products target affordability and wealth transfer
Britam also expanded its product offering during the period.
Through Britam Connect, the Group expanded its microinsurance offering with the Heshima Farewell Plan, developed in partnership with Montezuma Funeral Home.
The product is designed to provide affordable last-expense cover and help families manage the financial burden associated with funerals.
The company also introduced the Britam Whole Life Insurance Plan, which provides lifetime cover to help customers protect what they build and provide long-term financial support for their loved ones.
In addition, Britam launched the Britam Trust Fund, designed to help customers protect, preserve and pass on wealth across generations.
Digital marine insurance
Britam also advanced the digitalisation of marine insurance through its Digital Marine Cargo Insurance platform.
The platform supports the transition to mandatory electronic marine cargo insurance certificates that took effect from July 2026.
The developments form part of the Group’s wider ASCEND 2026-2030 strategy, which seeks to strengthen its operations while expanding its presence across African markets.
Read: Why Britam Is Betting on Trust Funds as More Kenyans Seek to Protect Family Wealth
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