Returns For Kenyan Insurers Are Impacted By The Stock Market Fall.

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Due to decreased share prices on the Kenyan stock market, insurance companies saw a decline in investment revenue in the first half of the year, which hurt their profitability.

According to market capitalization, Jubilee Holdings is Kenya’s largest publicly trade insurer. It reported that in the six months ending in June, other revenue; which includes investment income, was down 30% to Sh4.67 billion.

In order to diversify their revenue streams, insurance companies typically turn to stocks and bonds; particularly in light of the slow development in new insurance business acquisitions.

External and domestic shocks have affected shares at the NSE this year, with the selloff by international investors; that followed the start of the Russia-Ukraine war in February being the main cause of the loss.

BusinessDaily.

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