Britam half-year net profit up 53pc to Sh2.66bn

Britam Holdings’ net profit for the half-year ended June 2026 rose 53.3 percent to Sh2.66 billion, up from Sh1.28 billion in a similar period the previous year, helped by increased underwriting performance and reduced expenses.

The profit growth came as the net insurance service result improved 36 percent to Sh1.76 billion from Sh1.29 billion. A net insurance service result is an accounting measure that shows an insurance company’s core underwriting profitability by subtracting insurance service expenses from insurance revenue.