Nairobi, Aug. 13 -- Sanlam Allianz Holdings Kenya has posted a Sh124.6 million net profit for the half year ended June, nearly quadrupling its earnings from the corresponding period last year, when it incurred one-off costs linked to business reorganisation.

The latest net earnings mark an increase from Sh30.96 million posted in the previous half-year, when the listed entity incurred a Sh103.67 million loss from discontinued operations.

Sanlam Allianz Holdings, which houses the life business known as Sanlam Allianz Life Insurance Kenya, is the Nairobi Securities Exchange (NSE)-listed entity that arose out of the transaction between Sanlam Kenya, Jubilee Allianz and the parent companies, Sanlam Group and Allianz SE.

Sanlam Kenya, which ...