CIC Insurance Group PLC has announced impressive half-year (H1) 2025 financial results, highlighting robust growth across its core insurance operations, asset management division, and investment portfolio. The insurer’s strategic focus on innovation, diversification, and customer-centric products has delivered significant gains, reinforcing its position as one of Kenya’s leading financial services groups.
CIC’s core insurance business revenue grew by 8.6%, rising from Ksh 12.80 billion in H1 2024 to Ksh 13.87 billion in H1 2025. This steady expansion demonstrates the insurer’s resilience in a challenging economic environment, driven by an increase in premium uptake across general insurance, life insurance, and medical insurance products.
The company attributed the growth to strategic pricing models, customer-focused product innovation, and aggressive market expansion, especially in underserved markets.
One of the most notable highlights of the report is the 121.4% increase in net investment income, which rose from Ksh 681 million in H1 2024 to Ksh 1.51 billion in H1 2025.
This marks a remarkable turnaround from last year when CIC’s investment performance was under pressure due to macroeconomic headwinds and volatile capital markets. The improved performance is linked to:
- Optimized asset allocation strategies
- Strengthened portfolio diversification
- Rising returns from fixed-income and equity investments
CIC’s management emphasized that this growth underscores the company’s ability to adapt to changing market conditions and capitalize on emerging investment opportunities.
CIC Asset Management (CICAM), a wholly owned subsidiary of the Group, reported strong results, contributing Ksh 338.9 million to the Group’s profits.
Key highlights include:
- Net investment income jumped 127%, reaching Ksh 1.5 billion
- Asset management income increased by 37%, driven by growing investor confidence and increased fund inflows
- Expanded offerings in unit trusts, corporate investment plans, and pension management attracted new clients and enhanced revenue streams
CICAM continues to strengthen its position as a top-tier asset manager in Kenya, leveraging innovation and tailored investment solutions for both retail and institutional clients.
The H1 report follows recent CIC disclosures showing strong growth in microinsurance, a key focus area for the Group. Uptake of CIC’s microinsurance policies has grown from 11% in 2023 to 18% in 2024, reflecting increasing trust among underserved and low-income segments.
A major contributor to this growth has been CoopCare, CIC’s affordable health cover designed for cooperative members. CoopCare gained global recognition in 2024 after winning the UNDP-ICMIF Insurance Innovation Challenge Fund, boosting the company’s credibility and positioning it as a pioneer in inclusive insurance solutions.
CIC’s recently released 2024 Sustainability Report highlights the insurer’s dedication to financial inclusion, ESG principles, and social impact. Through innovative products, community partnerships, and sustainable business practices, CIC aims to broaden access to insurance and investment solutions across Kenya and the region.
With strong H1 results, CIC is positioning itself for continued growth in the second half of 2025. The company plans to:
- Scale up microinsurance penetration through digital distribution
- Expand its asset management portfolio to attract more institutional investors
- Enhance technology-driven insurance solutions for improved customer experience
- Maintain prudent investment strategies to sustain high returns
CIC Group CEO noted that the insurer remains committed to empowering customers, driving financial inclusion, and delivering long-term shareholder value.
“Our performance in the first half of 2025 reflects our strategic priorities and resilience in a challenging environment. We will continue innovating to meet the evolving needs of our customers while maintaining strong financial fundamentals,” the CEO said.
CIC Insurance Group’s H1 2025 performance highlights a solid recovery and sustained growth, with strong contributions from insurance, asset management, and investments. By leveraging innovation, expanding microinsurance, and optimizing asset allocation, the Group is well-positioned to maintain its upward trajectory and strengthen its leadership in Kenya’s financial services sector.
