Regional underwriter Liberty Kenya Holdings Plc has disclosed a Sh503 million gain from the sale of a majority stake in Heritage Insurance Tanzania, even as its half-year earnings dropped sharply on higher motor and medical claims.
The insurer completed the sale of its 60 percent stake in the short-term insurance unit in Tanzania earlier this year but had already distributed proceeds from the sale to shareholders via a special dividend of Sh0.50, which is set to be paid by August 24, 2025.
