Insurance service provider Liberty Kenya Holdings PLC expects profit after tax for the FY2025 to decline by at least 25% compared to the previous year, FY2024.
The firm, which notified its investors and the general public through a profit warning statement in line with the Capital Markets Authority (CMA) Regulations, 2023, becomes the first NSE-listed company to issue a profit warning in 2026.
Liberty Kenya attributed the anticipated profit dip to a reduction in overall investment yields compared to FY2024, claims pressure, and an accounting loss arising from the disposal of the Group’s interest in Heritage Insurance Company Tanzania Limited.
Liberty Kenya Holdings FY2024 Results
In the year ended December 31, 2024, Liberty Kenya Holdings PLC recorded a net income of KES 1.4 billion, up 109% from KES 671.9 million, supported by strong profit in its Kenya business units, with claim ratios remaining within the targeted range, stellar investment performance, and prudent cost management.
Insurance revenue inched up 1.1% to KES 10.9 billion, while net investment income surged 233% to KES 4.7 billion from KES 1.6 billion a year earlier. The firm’s asset base expanded 10% to KES 48.1 billion from KES 43.8 billion in FY2023.
During the review period, Liberty Kenya paid a dividend of KES 1.00 per share, inclusive of a KES 0.5 special dividend paid earlier.
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