Old Mutual Holdings Reports KES 882 Million Profit for H1 2026
Old Mutual Holdings Plc reported a profit after tax of KES 882 million for the first half of 2026, a significant increase from KES 5 million in H1 2025. The company's turnaround is notable amid ongoing challenges in the Kenyan insurance sector, driven by improved underwriting, investment returns, and cost control measures.
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For H1 2026, Old Mutual Holdings Plc achieved a profit after tax of KES 882 million, up from KES 5 million in the previous year. Profit before tax rose by 362.1% to KES 1.76 billion, with operating profit before financing costs exceeding KES 2.26 billion.
The insurance segment reported a service result of KES 287 million, reversing a loss from the previous year, attributed to better claims management and strict underwriting practices. Investment results increased to KES 1.9 billion, assisted by strategic asset allocation, with assets under management growing by 32%.
The company has not declared an interim dividend, indicating a focus on balance sheet improvement before potential shareholder distributions. Continued use of AI and automation for claims processing is planned to enhance efficiency and protect claims integrity.
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