CIC Insurance Group reports strong growth with Ksh.29.5B Revenue in 2025

This is despite a drop in headline profit caused by what the company says was based on a "one-off fair value gain on investment property following land revaluation."

The Group’s Profit Before Tax (PBT) dipped to Ksh.1.25 billion from the Ksh.3.9 billion reported in 2024. There was also a 30% decline in investment income to Ksh.6.2 billion.

The Group's insurance revenue increased by 12%, climbing to Ksh.29.5 billion, while total assets also grew and now stand at Ksh.72.7 billion.

The general insurance division was the group's main performer, recording an 18% jump in revenue to Ksh.18.9 billion, driven by new business acquisition and market expansion.

The Life business also delivered steady performance, with insurance revenue increasing by 4% to KSh 7.13 billion and deposit administration balances rising by 31% to Ksh.18.77 billion.

The results also show that CIC Asset Management remained a key growth driver, with assets under management increasing by 28% to Ksh.195 billion and profit before tax rising by 41% to KSh 1.06 billion, supported by higher fund management fees.

"As the Group transitions into its next strategic phase, EDGE 2030, it says it will prioritise digital transformation, customer experience enhancement, sustainable growth, and strengthening organisational capability," reads a statement from the company.

"The Group remains confident in the strength of its core business, the quality of its balance sheet, and its ability to deliver sustainable growth over the medium term."