Liberty Kenya Group Holdings Unaudited Financial Statements for the Six Months Ended 30 June 2026 shows that the listed underwriter posted a 11.2% drop in net earnings to KSh 231.00million. The company recorded a 42.5% drop in half-year Net Profit to KSh 397 million.
This is as the Group’s net investment income fell 22.6% to KSh1.68 billion on lower yields in a falling interest rate environment. The result offsets a near doubling of the insurance service result to KSh 448.0million, with the board recommending no interim dividend.
Group Financials:
- Insurance service income was up 99.1% to KSh 448.00million
- Net insurance and investment earnings declined 7.1% to 1.06billion
- Earnings from continuing operations fell 46.0% to KSh 231.00million
- Net earnings dropped 11.2% to KSh 231.00million
- Total assets were up 7.8% to KSh 48.89billion
- Total equity increased 1.9% to KSh 10.04billion
- Earnings Per Share(EPS) an indicator of profitability, declined 46.3% to KSh0.43
According to Liberty Kenya, investments held are a significant contributor to the Group’s earnings. Unfortunately, this income declined during the period mainly because of the lower interest environment that has manifested in reduced net yields.
This resulted in basic earnings per share from continuing operations fall to KSh 0.43 compared to KSh 0.80 in the corresponding period in 2025.
Despite lower earnings reported for the period ended 30th June 2026, the Group’s Board said it remains financially resilient and well capitalised with capitalization levels above regulatory requirements.
The Group continues to strengthen its customer value proposition through product innovation and market-led solutions.
During the period, the Group launched HeriAfya Seniors and HeriAfya Juniors to complement the already successful HeriAfya medical retail offering. In addition, the Lifevest Investment Solution was enhanced to integrate long-term wealth creation with expanded insurance protection, including critical illness and permanent total disability benefits.
Liberty Kenya pipeline of new products and tools
To better serve its customers, the Group is currently undergoing a systems migration to provide them with the latest tools and technologies. As a result, operating expenses are higher than last year, reflecting a one-off investment.
The Board said the macroeconomic environment continued to improve during the period, supported by a stable exchange rate, accommodative monetary policy and positive economic growth expectations.
While this scenario provides a favourable backdrop for business growth, fiscal consolidation pressures, constrained household disposable incomes, elevated public debt as well as climate and geopolitical related risks continue to present risk and uncertainty.
The Group’ s diversified business portfolio, prudent underwriting practices, disciplined cost management and strong capital position continue to provide a solid foundation for sustainable long-term value creation.
The results reflect continued momentum across both the Life and General Insurance businesses and demonstrate the strength of the Group’s diversified business model.
While the Group maintained a disciplined cost management, the General Insurance business continues to experience elevated claims experience.
Liberty Kenya Holdings PLC is the holding company for The Heritage Insurance Company Kenya Ltd and Liberty Life Assurance Kenya Ltd, the short term and long term businesses of the group.
Liberty Kenya Holdings PLC is a subsidiary of Liberty Holdings, a public company incorporated in the Republic of South Africa.
Liberty Group offers extensive, market-leading ranges of products and services to help clients build and protect their wealth and lifestyle. Liberty Holdings is a member of The Standard Bank Group.
Liberty Life Assurance Kenya
Liberty Life Assurance Kenya Ltd has provided insurance services in Kenya since 1964 and continues to offer a range of attractive investment, retirement, life and education solutions to individuals and businesses.
Liberty Life Kenya is a subsidiary of the Group as well as Heritage Insurance Company Kenya Ltd, the Group’s short-term insurance business.
Heritage Insurance has provided a range of insurance services for over 50 years. The company’s origins trace back to 1976 when Norwich Union Fire Insurance Society and The Legal and General Insurance Company merged to form Heritage Insurance.
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