Sanlam Allianz Holdings Kenya Plc has posted a net profit of KSh 124.6 million for the first half of 2026, marking a fourfold increase from KSh 30.9 million reported during the same period last year.
The company attributed this growth to a 32% rise in gross written premiums, which boosted insurance revenue to KSh 2.2 billion despite challenges such as high claims and subdued investment returns.
Strong Financial Position
Sanlam’s balance sheet exceeded KSh 40 billion for the first time, with a solvency ratio of 266%, well above the regulatory minimum. Group CEO Nyamemba Patrick Tumbo highlighted that this reflects a stronger and better-financed company compared to eighteen months ago.
He emphasized ongoing efforts to grow quality insurance revenue, maintain cost discipline, and leverage the expanded capital base to drive profitable growth for the remainder of the year.
Product Innovation
During the period, Sanlam launched new offerings to diversify its portfolio. In February 2026, the Sanlam Allianz Income Drawdown Fund was introduced to enhance retirement solutions by complementing existing annuity products.
Additionally, the group rolled out Flexi Future Plus, a savings product aimed at helping customers plan and save for different life stages through goal-based solutions.
Sanlam remains committed to innovation, digitalization, and capital efficiency to deliver value to customers and sustainable returns to shareholders.
