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Britam, backed by leading Kenyan investors, reports $38.9 million profit in 2024

Summary by Billionaires.Africa
Key PointsBritam’s net profit rose 53% to $38.9 million, driven by investment gains and cost efficiency across insurance and asset management.Net investment income jumped 163% to $236.7 million, supported by a strong portfolio strategy and market resilience.Despite forex losses, Britam’s assets grew 20% to $1.62 billion, reinforcing financial strength as it marks 60 years in business.Britam Holdings, the Nairobi-based financial services group ba…
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Britam, backed by leading Kenyan investors, reports $38.9 million profit in 2024

Key PointsBritam’s net profit rose 53% to $38.9 million, driven by investment gains and cost efficiency across insurance and asset management.Net investment income jumped 163% to $236.7 million, supported by a strong portfolio strategy and market resilience.Despite forex losses, Britam’s assets grew 20% to $1.62 billion, reinforcing financial strength as it marks 60 years in business.Britam Holdings, the Nairobi-based financial services group ba…

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Billionaires.Africa broke the news in on Monday, March 31, 2025.
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