Britam reverses Sh877 million paper losses in HF investment

HF Group

HF Group head office along Kenyatta Avenue, Nairobi. HF has been on a recovery path, with the net profit for the year ended December 2025 more than doubling to Sh1.42 billion from Sh524 million

Photo credit: File | Nation Media Group

Britam Holdings  has reversed a previous impairment or reduction in the value of its investment in its banking associate HF Group  to the tune of 877.94 million, citing the lender’s improved financial performance and turnaround due to fresh capital injection.

This marks the second successive impairment reversal since 2025 when the insurer implemented a write-back on its investments in the mortgage lender to the tune of Sh2.09 billion.

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