Britam’s profit before tax rose by 52 per cent to Sh3.8 billion in the first six months of 2026, helped by stronger insurance performance and higher investment income as the financial services group began implementing its new five-year growth strategy.
The group also recorded a 14 per cent increase in insurance revenue to Sh22.4 billion during the period ended June 30, pointing to continued growth in its core insurance business.
The half-year results mark the first major performance update under Britam’s ASCEND 2026–2030 strategy, which aims to support sustainable growth, promote innovation and improve the group’s response to changing customer needs.
Speaking on Friday during the release of the results, Britam Group Managing Director and Chief Executive Officer Tom Gitogo said the performance showed that the strategy was already putting the company on a positive path.
“These results give us an encouraging start to our ASCEND Strategy and show that we are moving in the right direction by responding to customers’ needs and translating that into sustainable business growth,” Gitogo said.
Gitogo said the group would continue focusing on protecting the financial goals of its customers while improving its operations across Africa.
Finance Director Charles Njuguna attributed the first-half performance to continued momentum in the business, with the rise in profit before tax supported by improved insurance results and investment income.
The stronger earnings come as financial services firms continue to adjust to changing customer expectations, investment conditions and demand for insurance and other financial products.
Beyond its commercial performance, Britam also reported progress through the Britam Foundation, which reached 82,885 people through social and environmental programmes in the first half of the year.
The foundation’s initiatives focused on maternal and newborn health, water and sanitation, as well as forest restoration.
A total of 67,615 people gained access to safe and reliable water, while another 13,270 benefited from programmes supporting maternal and newborn care.
The foundation also planted 57,270 trees during the period as part of its environmental conservation efforts.
Director of Foundation and Investor Relations Catherine Karita said the organisation was continuing to widen its social impact alongside the group’s business activities.
The results therefore reflect both stronger financial performance and continued investment in programmes targeting communities and the environment as Britam rolls out its ASCEND strategy.
Innovation and customer responsiveness have been identified as key areas of focus under the 2026–2030 plan, with the group seeking to strengthen its competitiveness and deliver sustainable value.
The first-half results also provide the group with a stronger earnings position as it heads into the second half of the financial year.
Britam said the improved performance was driven mainly by its insurance operations and investment income, which remain important sources of earnings for the group.
The 52 per cent rise in profit before tax marks a notable improvement from the corresponding period in 2025, while the 14 per cent growth in insurance revenue points to continued expansion of the group’s main business.
At the same time, the Britam Foundation’s reach of 82,885 people shows the scale of the group’s social and environmental programmes during the six-month period.
Britam said it would continue executing the ASCEND 2026–2030 strategy, with emphasis on meeting customer needs, driving innovation and delivering sustainable business growth.
The group enters the second half of 2026 with profit before tax at Sh3.8 billion, insurance revenue at Sh22.4 billion and continued expansion of its social impact programmes.