Investment income lifts CIC half-year profit by 70pc
Nairobi, Aug. 29 -- CIC Insurance Group net earnings have raced past its entire 2025 profit in the first six months of this year, boosted by investment income and land sales despite underwriting revenue falling by more than half.
In the half-year ended June, the group's net profit rose 70.4 percent to Sh1.08 billion, more than doubling the Sh513.82 million it earned in the whole of last year.
The 70.4 percent growth was supported by stronger investment returns and increased income from other business segments. Investment return rose to Sh3.96 billion from Sh2.75 billion a year earlier, helping push up the net investment revenue.
The group bucked the trend of falling investment returns in the industry by growing its net investment incom...
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