CIC Insurance Group PLC has announced a profit after tax of Sh638.5 million for the half-year period ending June 2025, supported by a strong 8.6 per cent expansion in its insurance operations and a sharp rise in investment returns.

According to the financial statement released on Friday, the Group’s insurance revenue rose from Sh12.8 billion in June 2024 to Sh13.9 billion a year later.

Over the same period, net investment results more than doubled, climbing 121.4 per cent from Sh681 million to Sh1.51 billion. Net investment income also surged 106.8 per cent, reaching Sh1.5 billion.

The company noted that the rebound in investment returns, which had dipped during the same period in 2024, played a decisive role in strengthening overall performance across its investments and asset management activities.

A major contribution came from CIC Asset Management (CICAM), a subsidiary of the Group, which added Sh338.9 million to the Group’s profit.

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CICAM reported a 127 per cent increase in net investment income, reaching Sh1.5 billion, while its asset management income grew by 37 per cent.

The half-year financial disclosure comes shortly after the insurer reported strong gains in its microinsurance segment.

The uptake of microinsurance policies rose from 11 per cent in 2023 to 18 per cent in 2024, reflecting what the Group described as growing confidence in affordable and tailored insurance products among underserved communities.

The results position CIC Insurance on a firmer growth path, balancing gains in traditional insurance operations with innovative offerings and improved investment performance.