Kenya Reinsurance Corporation Limited has announced its half year results in which it has reported a significant improvement in performance marked by reduction in foreign exchange losses and strong investment income. The corporation has recorded a profit after tax of KES 1.58 billion with a 49.5% increase from KES 1.06 billion in 2024.The increase in profit was majorly caused by strengthening of Kenyan shilling. The foreign exchange losses dropped from KES 844.2 to KES 22.2 million hence representing a year- on- year reduction of 97.4%.
Kenya Reinsurance Corporation Limited insurance revenue dropped by 14.8% to KES 7.42 in 2025 as compared to 2024 where it was valued at KES 6.32 billion. This reduction was caused by higher reinsurance costs which eroded margins and resulted in a decline in insurance service result to KES 302.9 million thereby indicating a year-on-year variation of 50%. Kenya Reinsurance was able to maintain its operational efficiency and therefore resulted to profitability.
Kenya Reinsurance Corporation Limited profit before tax rose to KES 2.24 billion representing a year-on-year variation of 48%. The total comprehensive income increased greatly by 1,148% to KES 2.26 billion compared to KES 181 in 2024.This reflects that there were effective cost management and positive effect of reduced forex losses , which had reduced by 97%.On the balance sheet, the assets grew slightly by 4.9% to KES 68.9 billion up from KES 65.68 billion in 2024.The shareholder’s equity increased by 6.2% to KES 51.9 billion.
Kenya Reinsurance Corporation Limited Earnings per basic share fell to KES 0.28 with a 26.3% decline from KES 0.38 in 2024.The reduction in the earnings was mainly due to share dilution following bonus issue that increased the number of shares in circulation. Even with the weakening of the EPS the company’s overall performance highlights resilience in the face of higher reinsurance costs and market volatility. The corporation is looking ahead to optimize its strategies, sustaining profitability and targeting regional opportunities to support future growth.
Also read: Kenya Re’s Half-Year Profit Drops by 66% to Kes 533.7 million
