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Kenya: CIC Insurance's pretax profit up 67% in 2014 first half

August 18, 2014 - 6:00am


Kenya-based CIC Insurance Group Ltd. recorded a 67% increase in pretax profit to 154 million Kenyan shillings ($1.75 million) for the first half of 2014, Reuters reported.

Gross premiums grew 26% year on year to KES 5.9 billion ($67.3 million).

Claims amounted to KES 4.5 billion ($51.3 million), up 33%.

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