Patrick Nyaga, CIC Insurance Group Plc Group Managing Director and Chief Executive Officer, during the 2025 Full Year Financial Results release.
CIC Insurance Group Plc, a powerhouse in the regional insurance and financial services sector, has posted strong financial results for the full year 2025, marking a notable leap in revenue and assets despite a decline in headline profits.
The company’s core insurance business and asset management divisions demonstrated solid performance, with total revenue climbing by 12% to Ksh. 29.5 billion. However, the Group’s Profit Before Tax (PBT) fell to Ksh. 1.25 billion, down from Ksh. 3.9 billion in 2024. This dip in profit, the company explained, was primarily due to a "one-off fair value gain on investment property following land revaluation" in the previous year, which did not recur in 2025.
While investment income saw a 30% decline, dropping to Ksh. 6.2 billion, CIC Insurance’s overall growth trajectory remained strong, underpinned by strategic expansion in its insurance and asset management operations.
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Stellar Performance in General Insurance and Asset Management
CIC’s general insurance division was the standout performer, posting an 18% increase in revenue, rising to Ksh. 18.9 billion. This growth was largely driven by successful new business acquisitions and market expansion. The general insurance sector continues to be the backbone of CIC’s growth strategy, with a diversified portfolio and a strong presence in the regional market.
Meanwhile, the Life business showed steady progress. Revenue in the life insurance segment rose by 4%, reaching Ksh. 7.13 billion. Notably, the deposit administration balances surged by an impressive 31%, climbing to Ksh. 18.77 billion, reflecting CIC’s ability to strengthen its long-term product offerings.
CIC Asset Management, another key player in the Group’s performance, posted exceptional results. Assets under management grew by 28%, reaching Ksh. 195 billion, while profit before tax surged by 41% to Ksh. 1.06 billion. This growth was driven by higher fund management fees, cementing CIC Asset Management’s position as a core contributor to the Group’s overall success.
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Looking Ahead: EDGE 2030 Strategy and Digital Transformation
As it looks to the future, CIC Insurance Group is transitioning into its next strategic phase under its ambitious "EDGE 2030" plan. This roadmap will focus on four key areas: digital transformation, enhancing customer experience, promoting sustainable growth, and strengthening the organization’s overall capabilities.
The company’s confidence in its future prospects is evident. “The Group remains confident in the strength of its core business, the quality of its balance sheet, and its ability to deliver sustainable growth over the medium term,” a statement from CIC explained.
A Promising Future
Despite the challenges faced in 2025, CIC Insurance’s robust performance in its core sectors and asset management points to a promising future. The company is well-positioned to leverage its digital transformation efforts and deep industry expertise to drive further growth, ensuring that it remains a market leader in the evolving insurance and financial services landscape.
With a strong balance sheet and an unwavering commitment to innovation, CIC Insurance Group is poised to continue its growth trajectory, delivering value to shareholders, customers, and the broader community.
CIC Insurance Group’s stellar performance in 2025, coupled with its strategic vision for EDGE 2030, signals a bright future for the insurer as it drives towards digitalization and sustainable growth.