Sanlam Allianz has reported a net profit of KSh124.6 million for the first half of 2026.
The company’s half year financial results showed that insurance revenue had risen to KSh2.2 billion. The company’s Gross Written Premiums (GWP) increased by 32% compared to the first half of 2025.
Speaking while confirming the results, Group Chief Executive Officer Dr. Nyamemba Patrick Tumbo said the company had maintained its focus on business development while implementing measures to improve operational efficiency.
“The business has seen a significant growth of 32% in Gross Written Premiums compared to the same period last year. Additionally, the business is fundamentally stronger and better capitalised than it was eighteen months ago, with our balance sheet surpassing KSh40 billion for the first time and our solvency ratio closing at 266%, significantly above regulatory minimum requirements,” said Dr. Tumbo.
He added that the company’s priority for the remainder of the year would be to increase quality insurance revenue, manage costs and translate its expanded capital base into profitable growth.
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