CIC Insurance Group PLC has released H1 financial results showing its core insurance business grew by 8.6 percent from Ksh 12.80 billion in 2024 to Ksh 13.87 billion in 2025.
At the same time, net investment result increased significantly from Kshs 681million to Kshs 1.51 billion, being a significant 121.4 percent rise compared to the same period in the previous year. Net investment income rose 106.8 percent from Ksh 681 million to Ksh 1.5 billion.
The positive net investment result is a key factor contributing to the overall performance of the Group’s investments and asset management activities and it contrasts with the same period in 2024, when the net investment income declined.
CIC Asset Management (CICAM), a subsidiary of the Group contributed 338.9 million to the Group’s profit, realising higher growth where it reported a 127 percent rise in net investment income to stand at Kshs 1.5 billion while asset management income increased by 37 percent.
The release of the half-year financial report comes hardly weeks after the underwriter announced a notable growth in microinsurance policies from 11 percent in 2023 to 18 percent in 2024, underscoring an increasing trust and uptake of innovative microinsurance solutions among underserved segments.
The newly released 2024 CIC Sustainability Report, shows CoopCare, an affordable health cover for cooperative members, which earned global recognition in 2024 through the UNDP-ICMIF Insurance Innovation Challenge Fund, was a major contributor to the rise in microinsurance policies.