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Investment income lifts insurers’ half-year profits amid high claims
The increased returns from investments highlights the benefits insurers are reaping from their decision to cut stakes in equities in favour of government securities.
Increased investment income has helped insurers weather an environment of elevated claims to post higher net profit in the six months ended June 2024.
Data on the five insurance firms and one reinsurer listed on the Nairobi Securities Exchange show that investment income grew at a faster pace compared to the net insurance service revenue, helping them to post growth in net earnings.
