Britam profit quadruples to Sh1.6bn on revenue jump

Tom Gitogo, the Britam Group Managing Director and CEO.  

Photo credit: File | Nation Media Group

Britam Holdings' net profit for the half year ended June quadrupled to Sh1.64 billion on increased insurance revenue and growth in interest and dividend income.

The company, which restated its previous year's net earnings from Sh667.5 million to Sh377.9 million to reflect the switch to a new accounting standard, saw its insurance revenue rise 34 percent to Sh16.6 billion.

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