The NSE-listed insurer raked in a net profit of Sh138.35 million in the period ended
This was despite a sharp rise in total spend, including net claims and policyholder benefits and operating expenses, to Sh6.34 billion from Sh4.93 billion, a 28.6 per cent increase it attributed to "business growth".
It attributed the jump in claims, up by 32.4 per cent to Sh4.50 billion in the period, to the medical insurance business.
"To sustain the growth momentum, the group is pursuing regional expansion, micro insurance, new channels of distribution and investment diversification strategies," it said in a statement to the Nairobi Securities Exchange on Friday.
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