CIC Insurance Group Plc released audited financial results for the year ended 31st December 2025, shows a significant expansion of its balance sheet and steady revenue growth despite a decline in overall net profit.
Revenue Trends and Insurance Performance
The Group’s balance sheet saw substantial expansion during the 2025 financial year.
- Total Assets rose to KES 73.7 billion, a sharp increase from KES 61.9 billion in 2024.
- Financial Investment Assets were the primary driver, jumping to KES 54.3 billion from KES 43.3 billion the previous year.
- Cash and Bank Balances stood at KES 727 million at year-end, down slightly from KES 823 million in 2024
This growth in assets indicates an aggressive reinvestment strategy and a larger pool of funds under management. CIC saw a healthy increase in its top-line revenue, though insurance service margins faced pressure.
- Insurance Revenue increased to KES 29.5 billion, up from KES 26.3 billion in 2024.
- Insurance Service Result shifted to a loss of (KES 176 million), compared to a profit of KES 344 million in 2024, largely due to KES 28.2 billion in insurance service expenses.
- Asset Management Services remained a strong performer, with revenue growing to KES 1.8 billion from KES 1.3 billion YoY.
CIC Profitability and Shareholder Returns
While revenue grew, higher expenses led to a contraction in net earnings.
- Profit for the year was KES 513.8 million, down from KES 2.85 billion in 2024.
- Basic Earnings Per Share (EPS) dropped to KES 0.21 from KES 1.04.
- Total Equity improved to KES 11.8 billion from KES 11.0 billion, showing a resilient capital base.
Despite the lower profit, the Board of Directors recommended a final dividend of KES 0.13 per ordinary share, maintaining the same payout level as 2024. Subject to approval at the upcoming virtual Annual General Meeting (AGM) scheduled for 8th May 2026, the dividend is expected to be paid on or about 9th June 2026.
CIC Insurance Group achieved a total insurance revenue of KES 29.5 billion. Alongside this core business, the group generated an additional KES 1.8 billion from its asset management services, highlighting diversified income streams.
The company’s net profit experienced a decline primarily due to a significant increase in insurance service expenses, which rose to KES 28.2 billion. These elevated costs resulted in a negative insurance service result of KES 176 million for the year, compared to a profit of KES 344 million in 2024.
Despite the pressure on margins, CIC’s balance sheet remains exceptionally strong, with total assets growing by approximately 19%. By the end of 2025, total assets reached KES 73.7 billion, up from KES 61.9 billion in the previous year. This growth was largely driven by a substantial increase in financial investment assets, which rose to KES 54.3 billion.
CIC is the 25th most valuable stock on the NSE with a market capitalization of KES 13 billion with a current share price of KES 4.55 as of April 1, 2026. The stock has lost 15% of its value since March 2, 2026.Despite the price drop, CIC remains highly liquid, ranking as the 14th most traded stock over the past three months.
Investors are weighing the massive asset growth and consistent dividend payout of KES 0.13 per share against the sudden drop in profit. The ability of the group to manage its rising insurance service expenses will be critical for reclaiming its market valuation in 2026.
Also read: UBA Kenya Posts KES 426.8M Profit Ending its 5-Year Loss Streak
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