Britam net profit doubles to Sh3.2 billion

Britam Holdings managing director Tom Gitogo. PHOTO | POOL

Insurer and financial services provider Britam has posted a 97.4 percent jump in net earnings for the year ended December 31, 2023 to Sh3.2 billion from Sh1.6 billion previously.

The growth in profitability is largely attributable to increased insurance underwriting and cost cuts, which was marked by a reduction in finance expenses from insurance contracts issued.

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