This is up compared to Sh24.9 billion earned the previous year. During the year, total expenses, however, rose 11.9 per cent to Sh31.8 billion compared to Sh28.4 billion. This was mainly on net insurance claims, an increase in policyholders benefit and loss adjustment expenses which increased to Sh15.4 billion compared to Sh14.2 billion a year earlier. Total assets also improved by 20.7 per cent to Sh125.2 billion from Sh103.7 billion in the previous financial year. Net cash generated from operating activities almost doubled to Sh8.9 billion compared to Sh4.8 billion, an 85.4 per cent jump.

Source: The Star April 04, 2020 14:15 UTC