Britam Holdings Plc has reported a record profit after tax of KSh 2.66 billion for the six months ended 30 June 2026, a 53.3% increase from KSh 1.74 billion in the same period last year. The results were released on 28 August 2026 as the group begins its ASCEND 2026–2030 strategy cycle.
Britam Towers in Upper Hill, Nairobi. The group recorded stronger half-year earnings driven by insurance revenue and fund management fees.
Profit before tax rose 52% to KSh 3.82 billion. Insurance revenue grew 13.7% to KSh 22.39 billion, while fund management fees jumped 68.2% to KSh 662 million. Earnings per share increased 54.4% to KSh 1.05.
Key Financial Highlights (H1 2026)
| Metric | H1 2025 | H1 2026 | Change |
|---|---|---|---|
| Profit Before Tax | KSh 2.50 billion | KSh 3.82 billion | +52.0% |
| Profit After Tax | KSh 1.74 billion | KSh 2.66 billion | +53.3% |
| Insurance Revenue | KSh 19.70 billion | KSh 22.39 billion | +13.7% |
| Net Insurance Service Result | KSh 1.29 billion | KSh 1.76 billion | +36.1% |
| Fund Management Fees | KSh 393.5 million | KSh 662.0 million | +68.2% |
| Earnings Per Share | KSh 0.68 | KSh 1.05 | +54.4% |
Net operating cash flows turned positive at KSh 9.67 billion, reversing an outflow of KSh 2.32 billion in H1 2025. Total assets rose 11.1% to KSh 270.84 billion, while assets under management reached KSh 308 billion.
Net investment income fell 22.4% to KSh 13.42 billion due to lower fair-value gains on financial assets. The board did not declare an interim dividend, choosing instead to retain capital for the new ASCEND regional expansion plan.
Britam operates in Kenya, Uganda, Tanzania, South Sudan, Rwanda, Mozambique and Malawi.
How Britam Compares with Selected Peers
Other listed insurers also released strong first-half results in August 2026. For context:
| Company | H1 2026 PAT | YoY Growth | Main Driver |
|---|---|---|---|
| Britam Holdings | KSh 2.66 billion | +53.3% | Insurance revenue + fund management fees |
| CIC Insurance Group | KSh 1.09 billion | +70.3% | Strong investment returns |
| Sanlam Allianz Kenya | KSh 124.6 million | +302.6%* | Gross written premiums +32% |
*Sanlam’s large percentage rise largely reflects the absence of a discontinued-operations loss recorded in H1 2025. Profit from continuing operations was lower year-on-year.
Britam’s growth was more balanced between core insurance revenue and asset-management fees. CIC’s profit jump was driven mainly by investment gains after underwriting profit declined. Sanlam Allianz Kenya showed solid premium growth but weaker investment returns.
Read also:HFCB Group Net Profit Jumps 59.9% to KSh 998.3 Million in H1 2026
What the Numbers Show
Britam delivered its highest half-year profit on record while expanding its balance sheet and assets under management. The decision to skip an interim dividend indicates the board is prioritising capital for the ASCEND strategy rather than immediate payouts.
Investors will watch how the regional expansion plan progresses and whether the strong fund-management momentum continues in the second half of the year.
Sources
- Britam Holdings Plc H1 2026 Results Announcement (28 August 2026)
- Business Daily Africa – Britam half-year coverage
- Khusoko – CIC Insurance Group H1 2026 results (PAT KSh 1.09 billion)
- Business Today Kenya – Sanlam Allianz Kenya H1 2026 results
- Nairobi Securities Exchange – Official company filings.