Kenya Re half-year profit jumps 43pc to Sh2.25bn

Kenya Reinsurance (Kenya Re) Corporation Limited Managing Director Dr Hillary Wachinga pictured on October 9, 2024 at Reinsurance Plaza in Nairobi.

Photo credit: Billy Ogada | Nation Media Group

Kenya Reinsurance Corporation (Kenya Re) posted a 42.8 percent jump in net profit to Sh2.25 billion in the six months to June, lifted by stronger underwriting performance which offset a decline in investment income.

The reinsurer’s net earnings rose from Sh1.6 billion recorded in the same period last year as it benefited from growth in insurance revenue and improved risk selection.

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