CIC Insurance returns to profitability with Sh668 million

Patrick Nyaga-cic

CIC Insurance Group chief executive Patrick Nyaga. PHOTO | POOL

CIC Insurance Group #ticker:CIC has reported Sh668 million profits after tax for the year ending December 2021,  reversing a net loss of Sh296.83 million recorded in the previous year.

The insurer has recovered from the Covid-19 effects that devastated businesses and resulted in higher claims by customers.

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Note: The results are not exact but very close to the actual.