Insurers dividend payout rises 79pc despite Covid hit

InsurTech

Guests follow proceedings during the launch of a new InsurTech ecosystem at Radisson Blu Hotel in Nairobi on July 16, 2019. FILE PHOTO | NMG

Insurance sector dividend payout jumped 79 per cent to Sh4.4 billion last year rewarding shareholders despite ravages of the coronavirus pandemic on profitability.

This was an increase from Sh2.4 billion paid out in 2019 as some insurance businesses managed to navigate the tough economic times.

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