Sanlam posts Sh114 million full-year profit

In the year to December 2018 which saw Sanlam post a Sh1.97 billion loss. FILE PHOTO | NMG

Sanlam Kenya #ticker:PAFR has rebounded with a Sh114 million profit on increased income and lower expenses in the year to December, but has frozen dividends.

The Nairobi Securities Exchange-listed insurer said the group’s gross underwritten premium rose 10.25 percent to Sh6.99 billion while investment income grew 7.8 percent to reach Sh2.35 billion in the period.

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