Nairobi, May 13 -- Britam Holdings has reversed a previous impairment or reduction in the value of its investment in its banking associate HF Group to the tune of 877.94 million, citing the lender's improved financial performance and turnaround due to fresh capital injection.

This marks the second successive impairment reversal since 2025 when the insurer implemented a write-back on its investments in the mortgage lender to the tune of Sh2.09 billion.

The insurer disclosed through its latest annual report that it implemented the latest write back in the financial year ended December 2025, contributing to the rise in the value of its 49.89 percent stake in HF to Sh9.36 billion compared to the previous year's Sh4.09 billion.

"The group's...