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CIC resumes dividend on hitting Sh1bn profit
CIC Group chief executive officer Patrick Nyaga (right) with chief financial officer Philip Kimani during the release of the insurer's 2022 financial results on March 22, 2023. PHOTO | POOL
CIC Insurance Group has resumed dividend payout for the first time in four years as the net profit for the financial year ended December 2022 grew by 63 percent to Sh1.09 billion.
The growth in net earnings from Sh668.4 million in the previous financial year has returned CIC to the Sh1 billion and above net profit club for the first time in seven years.
