Britam Holdings Plc reported a 52% increase in profit before tax for the six months ended June 30, providing a solid start to its ASCEND 2026-2030 strategy as underwriting revenue and investment income grew.
Pre-tax profit rose to KSh 3.8 billion from KSh 2.5 billion the previous year, Britam announced. The result reinforces management’s confidence in the Group’s long-term growth prospects.
Insurance revenue increased 13.7% to KSh 22.4 billion from KSh 19.7 billion, supported by continued growth across the Group’s Life and General Insurance businesses and the strength of its distribution and partnership networks across its markets.
Britam Group Managing Director and CEO Tom Gitogo said the performance shows the ASCEND strategy, anchored in sustainable African expansion, customer-led innovation, operational excellence, and digital transformation, is translating into stronger business outcomes.
“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.”
The net insurance service result improved 36% to KSh 1.8 billion from KSh 1.3 billion, reflecting improved underwriting performance in both the Life and General Insurance businesses.
Britam said the results demonstrate the health of its underwriting principles and the 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.”
Interest and dividend income increased to KSh 12.0 billion, supported by disciplined portfolio management and the continued optimization of investments.
Total assets rose to KSh 270.8 billion, while total equity increased to KSh 37.6 billion, highlighting the Group’s robust capital position and providing a strong foundation to support future growth opportunities across the region.
Key business developments in the last six months
- Brand strength: Britam continued to strengthen its brand position, ranking as the 8th strongest brand in Africa, 3rd strongest brand in Kenya and the Most Valuable Insurance Brand in Kenya, according to Brand Finance.
- Industry recognition: Britam was named the 2026 AIO Hall of Fame Award winner in the Insurance Company category by the African Insurance Organisation (AIO), recognising its contribution to the development of the insurance industry in Africa.
- Sustainability: Britam released its 2025 Sustainability Report, highlighting progress in responsible business, climate action and sustainable value creation. The Group also 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: The Foundation released its inaugural 2025 Impact Report, highlighting the results of its work across four focus areas: water access, maternal health, environmental restoration and enterprise development. In nearly two years of operation, the Foundation has impacted over 172,000 lives and supported the creation of over 1,628 jobs.
- Affordable protection: Britam Connect expanded its microinsurance offering through the Heshima Farewell Plan, developed in partnership with Montezuma Funeral Home to provide affordable last-expense cover and help families manage the financial burden associated with funerals.
- Legacy planning: The new Britam Whole Life Insurance Plan provides lifetime cover to help customers protect what they build and provide long-term financial support for their loved ones.Britam also launched Britam Trust Fund to help customers protect, preserve and pass on wealth across generations.
- Digitalisation: Britam advanced the digitalisation of marine insurance through the Digital Marine Cargo Insurance platform, supporting the transition to mandatory electronic marine cargo insurance certificates from July 2026.