CIC half-year profit rises 14pc to Sh343m on higher premium earnings

CIC Group CEO Tom Gitogo at a past function on November 23, 2016. FILE PHOTO | NMG

CIC Insurance Group’s #ticker:CIC made Sh347.87 million net profit for the six months to June 30, a 14.53 per cent increase from a similar period last year.

The growth is largely attributable to improved premium earnings and a rebound at the Nairobi Securities Exchange (NSE), the composite insurer reported on Friday.

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Note: The results are not exact but very close to the actual.