NAIROBI, Kenya, Aug 13 – Listed non-bank financial services provider Sanlam Allianz Holdings (Kenya) has posted a net profit of Sh124.6 million for the half year ended June 30, 2026, up from Sh30.9 million recorded in a similar period last year.
The company said the growth was supported by an increase in insurance revenue to Sh2.2 billion.
Sanlam Allianz Holdings Kenya Group Chief Executive Officer Dr Nyamemba Patrick Tumbo said the business had continued to focus on growth while reducing operating costs.
“Most importantly, 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,” Tumbo said.
“Our focus for the rest of the year is to grow quality insurance revenue, hold the line on costs, and convert our new capital base into profitable growth.”
In February 2026, it launched the Sanlam Allianz Income Drawdown Fund, expanding its retirement offering into income drawdown alongside its annuity products.
The Group also expanded its savings products through Flexi Future Plus, aimed at helping customers plan, save and draw income across different stages of life.
