Britam Statement on 2025 Half Year Results of KES 2.5 Billion

The Board of Directors of Britam Holdings Plc is pleased to announce the unaudited consolidated results for the period ended 30 June 2025.

The Group delivered a solid profit before tax of Shs 2.5 billion in the half-year ended 30 June 2025. This was despite a declining yield curve and very challenging macro-economic conditions. This underscores the effectiveness of Britam's strategic direction and resilience in a dynamic operating environment.

Looking ahead, Britam is well positioned to capitalize on emerging growth opportunities in the second half of the year as interest rates stabilize and macroeconomic conditions improve across its markets.

The Group's insurance revenue grew to Shs 19.7 billion, reflecting an 11% growth from Shs 17.8 billion in June 2024. This uplift was bolstered by sustained growth across both the Life and General insurance segments. This reflects the Group's continued focus on expanding its core business lines, strengthening our position in the group's largest markets and deepening market penetration.

Interest and dividend income grew by 16% to Shs 10.6 billion, attributable to enhanced portfolio management and the successful realignment of investment strategies to optimize and stabilize returns.

The Group's balance sheet remains solid, with total equity rising to Shs 31.2 billion from Shs 29.5 billion as at 31 December 2024. This improvement highlights Britam's strong capital position and its capacity to withstand market volatility.

All the Group's regulated entities remain well capitalized.

The Group's performance is a testament to the successful execution of its customer-centric and prudent investment strategies. Looking ahead, Britam remains committed to driving sustainable growth, operational excellence, and delivering enhanced value to its shareholders.

The Board of Directors does not recommend the payment of an interim dividend for the half-year period ending 30 June 2025.