Britam Holdings’ earnings before taxes have nearly tripled for the fiscal year ended December 31, 2022. The integrated financial services company earned KSH 2.95 billion in pre-tax profit, up from KSH 1.01 billion in 2021. The result is attributed to an increase in top-line revenue, as well as operating efficiency and cost management innovations. Gross premiums and fund management fees rose by 3 percent to KSH 33.4 billion.

According to the highlights, profit before tax for fiscal year 2022 was KSH 2.95, a 195 percent rise; investment revenue, which includes interest and dividends, increased by 19.6 percent; operating expenditures reduced by 26.1 percent; and fund management fees decreased by 2.7 percent, total assets might reach KSH 156 billion, a 3 percent increase, and shareholder equity could reach KSH 21 billion, a 9 percent increase.

“We have not seen a significant growth in the region yet because we were refining the business but we saw considereble growth in the region contribution to the bottom line.” Tom Gitogo, managing director – Britam Holdings

Britam Group’s focus, according to Tom Gitogo, managing director, will be on creative solutions that satisfy consumer needs. He has also highlighted the growth in pretty much all their businesses here in Kenya including life insurance and general insurance excluding growth in the region since they were refining the business.