Sanlam Kenya net loss for the financial year ended December 2023 widened by 52.6 percent to Sh126.6 million on reduced investment income and increased spending on paying debts, keeping investors without a dividend for a decade.
The insurer’s net loss increased from Sh82.9 million posted in the previous year, in what marks the fourth straight year in losses. The last net profit came in 2019 when it closed the year with Sh114.4 million net earnings.
