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Insurers Q1 profit falls 42pc on lower investment income
Many underwriters, especially those offering long-term insurance, have been increasing their investments in Treasury bills and bonds over time —with the asset class now accounting for more than 70 percent of their investment portfolios.
Insurers have posted a 42.2 percent decline in net profit to Sh4.92 billion for the first quarter of 2025 as claims surged and investment income reduced, marking a contrast from the previous year when higher returns lifted their earnings.
Data from Insurance Regulatory Authority (IRA) shows the retreat in net earning from Sh8.52 billion a year earlier came on the back of higher claims for both short term (general) and long term (life) insurance.
