By MKT Reporter
Listed Non-Bank financial services provider Sanlam Kenya Plc has posted a KSh30.9 million net profit in its half-year trading results.
The results, released by the Sanlam Kenya Group CEO, Dr Patrick Tumbo, indicate that the firm accelerated its insurance revenues to KSh3.73 billion, up from KSh3.52 billion posted within the same period last year.
According to Dr Tumbo, the half-year results demonstrate a customer-centric business that is both resilient and well-positioned for sustained growth. While commenting on the divisional business fundamentals, Sanlam Life Insurance reported a 220% solvency rate at the end of the half-year period, while Sanlam General Insurance’s solvency rate stood at 194%, indicating sound business operations.
“Our financial strength is underscored by a robust balance sheet, with total assets rising to Ksh41.3 billion from Ksh39.2 billion at 31st December 2024, driven by strategic growth in financial assets and continued prudent management of capital,” he said.
He added, “The recent successful rights issue—raising issued share capital to KSh2.7 Billion—has significantly strengthened our capital base, enhanced solvency and enabled us to pursue growth opportunities with confidence. Shareholders’ funds more than doubled to Kshs 3.85 Billion, reflecting improved retained earnings and investor confidence in our strategic direction.”
At the operations level, Sanlam Kenya, a leading general and life insurance solutions provider, he explained, has continued to maintain strong insurance revenue growth, supported by disciplined underwriting and enhanced customer engagement.
“Our investment portfolio continues to deliver solid returns, with other investment revenue increasing by over 34% year-on-year to KSh3.07billion, demonstrating the effectiveness of our diversified asset allocation strategy in delivering shareholder value,” Dr Tumbo said.
With a reinforced capital structure, a high-quality investment book, and a commitment to operational excellence, Sanlam Kenya, he said, is well placed to navigate the evolving economic environment. Our focus remains on sustainable profitability, deepening customer relationships, and leveraging innovation to unlock value for all stakeholders.
“We move into the second half of 2025 with optimism, anchored by strong fundamentals, an experienced leadership team, and a clear growth strategy that prioritises market leadership, customer trust, and long-term value creation,” he assured.
The firm’s cost and liability management, he said, remains a key strength, with borrowings reducing sharply from KSh4.2 billion to KSh1.19 billion, further improving our leverage position and creating headroom for future strategic investments.
Jerameel Kevins Owuor Odhiambo