Equity’s health insurer unit records profit in first month

Equity Group managing director and CEO James Mwangi.

Photo credit: File | Nation Media Group

Equity Group’s health insurance subsidiary made a profit in its first month of operation, riding on its parent’s brand and underlining the opportunity for the lender in the insurance sector.

Equity Health Insurance Kenya, which started operations last September, reported a pretax profit of Sh23 million, the bulk of which was from investment income.

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