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Britam

BRIT · Nairobi Securities Exchange · Incorporated in Kenya · Consolidated statements

On this page
Company details
Legal name
Britam Holdings PLC
Incorporated in
Kenya
Listing
BRIT on the Nairobi Securities Exchange, active · ISIN KE2000002192 (observed 2026-10-07)
Sector
Insurance (our classification from the stated principal activity)
Activity
Diversified financial services group: life and general insurance, asset management and property investment.
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, signed / final · source

  • Insurance revenue (IFRS 17)

    KES 41.7 billion

    41,654,194 KES thousands · p106

    +10.9% vs 2024

    IFRS 17 insurance revenue, as printed: not gross written premiums.

  • Insurance service result

    KES 3.46 billion

    3,455,247 KES thousands · p106

    −31.8% vs 2024

  • Profit / (loss) for the year

    KES 5.54 billion

    5,536,704 KES thousands · p106

    +10.0% vs 2024

  • Total assets

    KES 244 billion

    243,782,912 KES thousands · p108

    +16.9% vs 2024

  • Insurance contract liabilities

    KES 193 billion

    192,726,186 KES thousands · p108

    +17.9% vs 2024

  • Total equity

    KES 35.1 billion

    35,054,689 KES thousands · p108

    +19.0% vs 2024

Large amounts are rounded for reading (KES million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in KES thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source
  • FY2023 — annual report, signed / final; comparative in the FY2024 filing · source

Income statement

Income statement, KES thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Insurance revenue 41,654,194 37,556,734 36,436,197
Insurance service expense (30,861,768) (27,291,250) (26,854,848)
Net expenses from reinsurance contracts held (7,337,179) (5,198,513) (5,831,125)
Insurance service result 3,455,247 5,066,971 3,750,224
Net income from investment properties1 882,143 800,993 644,449
Interest computed using effective interest method2 10,854,719 10,761,320 9,387,574
Interest and dividend income from investments at FVTPL3 10,973,665 8,647,045 6,228,379
Net realised gains on financial assets at fair value through profit or loss4 558,643 711,817 33,930
Net unrealised fair value gains on financial assets at fair value through profit or loss5 7,542,746 7,591,5526 (4,682,791)
Other investment income7 1,062,925 2,073,112 Not reported in this filing8
Net investment income 31,874,841 30,585,839 11,611,541
Finance expenses from insurance contracts issued (27,554,213) (27,735,434) (9,139,705)
Finance income from reinsurance contracts held9 1,008,569 1,296,099 578,932
Net insurance finance expenses (26,545,644) (26,439,335) (8,560,773)
Net insurance and investment result 8,784,444 9,213,475 6,800,992
Fund management fees10 959,177 655,814 639,750
Other income 639,320 1,322,276 766,128
Fund management commission expenses11 (262,795) (179,779) (199,527)
Other operating expenses (2,927,728) (3,818,166) (3,154,028)
Other finance costs (148,036) (283,592) (247,135)
Profit before share of profit of associates12 7,044,382 6,910,028 4,606,180
Share of profit of associates accounted for using the equity method 859,583 420,967 213,315
Profit before income tax 7,903,965 7,330,995 4,819,495
Income tax expense (2,367,261) (2,297,870) (1,540,376)
Profit for the year 5,536,704 5,033,125 3,279,119
- Non-controlling interests13 35,896 27,773 23,229
Total other comprehensive income 54,064 (1,257,601) 245,796
Total comprehensive income for the year 5,590,768 3,775,524 3,524,915
Notes and alternative reported figures (13)
  1. “Net income from investment properties” is an issuer-specific line, not mapped to a shared definition: Note 7; part of net investment income.
  2. “Interest computed using effective interest method” is an issuer-specific line, not mapped to a shared definition: Note 8(i); part of net investment income.
  3. “Interest and dividend income from investments at FVTPL” is an issuer-specific line, not mapped to a shared definition: Note 8(ii); part of net investment income.
  4. “Net realised gains on financial assets at fair value through profit or loss” is an issuer-specific line, not mapped to a shared definition: Note 9; part of net investment income.
  5. Printed under different labels across filings: “Net unrealised fair value gains (losses) on financial assets at fair value through profit or loss”; “Net unrealised fair value gains on financial assets at fair value through profit or loss”.
  6. Annual report dated 2025-03-27 prints 9,664,664 (thousands, p88) for this line and year.
  7. “Other investment income” is an issuer-specific line, not mapped to a shared definition: Note 10(ii); part of net investment income.
  8. Not reported in this filing: Not printed: the statement of profit or loss of this filing (PDF p88) has no 'Other investment income' line for this column.
  9. “Finance income from reinsurance contracts held” is an issuer-specific line, not mapped to a shared definition: Note 11(ii).
  10. “Fund management fees” is an issuer-specific line, not mapped to a shared definition: Note 12.
  11. “Fund management commission expenses” is an issuer-specific line, not mapped to a shared definition: Note 14.
  12. “Profit before share of profit of associates” is an issuer-specific line, not mapped to a shared definition: As printed.
  13. “- Non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Note 28(ii).

Balance sheet

Balance sheet, KES thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Share capital 252,344 252,344 252,344
Share premium 13,237,451 13,237,451 13,237,451
Other reserves1 20,721,208 17,497,992 15,367,403
Retained earnings/(Accumulated losses)2 540,484 (1,791,172) (3,408,334)
Attributable to owners 34,751,487 29,196,615 25,448,864
Non-controlling interests 303,202 267,306 239,533
Total equity 35,054,689 29,463,921 25,688,397
Property and equipment 1,660,885 1,476,608 1,321,694
Intangible assets 908,416 725,530 726,983
Right of use asset 635,843 671,119 532,748
Investment in associates 11,628,364 9,046,748 2,672,874
Goodwill3 1,416,635 1,416,635 1,416,635
Deferred income tax asset 391,440 569,517 628,317
Retirement benefit asset4 133,521 160,832 252,807
Investment properties 16,437,182 16,525,728 15,992,881
Mortgage loans and receivables5 788,773 957,805 1,129,886
Restricted cash6 1,473,571 1,105,989 216,417
Insurance contract assets 14,704 –7 Not reported in this filing8
Reinsurance contract assets 7,463,800 7,755,935 7,788,246
Financial assets at fair value through profit or loss – designated 112,327,396 79,732,942 58,957,327
Financial assets at amortised cost 78,084,620 78,435,049 68,541,507
Other receivables 2,788,118 2,145,510 2,976,257
Current income tax recoverable 442,865 849,580 598,510
Cash and bank balances 7,186,779 6,956,247 10,640,881
Total assets 243,782,912 208,531,774 174,393,970
Current income tax 384,778 101,309 334,827
Insurance contract liabilities 192,726,186 163,438,045 133,702,453
Reinsurance contract liabilities 156,024 590,427 561,024
Lease liability9 785,592 784,972 632,186
Borrowings 756,844 1,100,586 2,581,068
Provisions and other payables10 6,296,341 6,666,582 6,176,775
Deferred income tax 7,622,458 6,385,932 4,717,240
Total liabilities 208,728,223 179,067,853 148,705,573
Net assets11 35,054,689 29,463,921 25,688,397
Less: Provision for expected credit losses12 115,007 123,077 125,906
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.total_assets.
Notes and alternative reported figures (11)
  1. “Other reserves” is an issuer-specific line, not mapped to a shared definition: Note 18.
  2. Printed under different labels across filings: “Accumulated losses”; “Retained earnings/(Accumulated losses)”.
  3. “Goodwill” is an issuer-specific line, not mapped to a shared definition: Note 27.
  4. “Retirement benefit asset” is an issuer-specific line, not mapped to a shared definition: Note 42.
  5. “Mortgage loans and receivables” is an issuer-specific line, not mapped to a shared definition: Note 32.
  6. “Restricted cash” is an issuer-specific line, not mapped to a shared definition: Note 39.
  7. Not reported in this filing: Not printed: the statement of financial position of this filing (PDF p90) has no 'Insurance contract assets' line for this column.
  8. “Lease liability” is an issuer-specific line, not mapped to a shared definition: Note 24(ii); not split into current and non-current.
  9. “Provisions and other payables” is an issuer-specific line, not mapped to a shared definition: Note 40.
  10. “Net assets” is an issuer-specific line, not mapped to a shared definition: Total assets less total liabilities (equals total equity).
  11. “Less: Provision for expected credit losses” is an issuer-specific line, not mapped to a shared definition: Note 38; printed in brackets as a deduction, recorded as a positive allowance. Not displayed: used for the cash-continuity check.

Cash flow

Cash flow, KES thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Cash generated from operations 4,067,127 7,142,473 9,426,053
Income tax paid (342,083) (1,054,966) (1,058,828)
Net cash generated from operating activities 3,725,044 6,087,507 8,367,225
Purchase of property and equipment (367,279) (475,777) (168,156)
Proceeds from disposal of property and equipment 13,955 34,9691 –2
Purchase of intangible assets (389,617) (308,295) (98,922)
Purchase of investment property3 (407,688) (851,264) (156,303)
Proceeds from disposal of investment property4 717,066 513,257 36,406
Purchase of quoted equity investments at fair value through profit or loss56 (1,417,980) (103,296) (253,541)
Purchase of unquoted equity investments at fair value through profit or loss78 –2 (725) (186)
Proceeds from disposal of quoted equity investments at fair value through profit or loss910 326,678 749,053 309,299
Purchase of investments in collective investment schemes1112 (9,405,936) (5,155,783) (2,751,969)
Proceeds from disposal of investments in collective investment schemes1314 1,736,772 5,842,819 –2
Purchase of government securities at fair value through profit or loss15 (23,176,501) (16,573,708) (8,510,356)
Proceeds from disposal of government securities at fair value through profit or loss16 6,883,499 2,063,251 1,119,229
Purchase of government securities at amortised cost17 (4,752,432) (14,009,573) (14,846,537)
Maturities of government securities at amortised cost18 5,151,977 3,598,814 3,525,988
Purchase of corporate bonds at amortised cost19 (142,185) (189,603) (139,379)
Maturities of corporate bonds at amortised cost20 151,209 187,014 132,276
Mortgage loans advanced21 (2,815) (74,996) (95,236)
Mortgage loans repayments22 254,561 326,308 226,285
Investment in associate23 (355,425) (3,655,189) –2
Dividends received from equity investments at fair value through profit or loss24 213,347 187,832 178,919
Interest received 21,419,783 19,549,085 Not reported in this filing25
Rent received26 672,234 612,851 Not reported in this filing27
Net cash used in investing activities (2,876,777) (7,732,956) (5,243,090)
Repayment of borrowings28 (343,742) (1,611,038) (118,961)
Interest paid on lease liability (148,036) (129,612) (110,753)
Payment of the principal portion of the lease liability (144,270) (190,173) (176,072)
Net cash used in financing activities (636,048) (1,930,823) (405,786)
Increase/(decrease) in cash and cash equivalents29 212,219 (3,576,272) 2,718,349
Cash and cash equivalents at start of year 7,079,324 10,766,787 7,991,854
Effect of exchange rate changes on cash and cash equivalent30 10,243 (111,191) 56,584
Cash and cash equivalents at end of year 7,301,786 7,079,324 10,766,787
Rent and interest received31 Not reported in this filing32 Not reported in this filing3233 16,249,095
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
Notes and alternative reported figures (32)
  1. Annual report dated 2025-03-27 prints (34,969) (thousands, p93) for this line and year.
  2. “Purchase of investment property” is an issuer-specific line, not mapped to a shared definition: Note 29(i); investing activities.
  3. “Proceeds from disposal of investment property” is an issuer-specific line, not mapped to a shared definition: Note 29(i); investing activities.
  4. “Purchase of quoted equity investments at fair value through profit or loss” is an issuer-specific line, not mapped to a shared definition: Note 30(i).
  5. Printed under different labels across filings: “Purchase of quoted equity investments at fair value through profit or loss”; “Purchase of quoted shares at fair value through profit or loss”.
  6. “Purchase of unquoted equity investments at fair value through profit or loss” is an issuer-specific line, not mapped to a shared definition: Note 30(i).
  7. Printed under different labels across filings: “Purchase of unquoted equity investments at fair value through profit or loss”; “Purchase of unquoted shares at fair value through profit or loss”.
  8. “Proceeds from disposal of quoted equity investments at fair value through profit or loss” is an issuer-specific line, not mapped to a shared definition: Note 30(i).
  9. Printed under different labels across filings: “Proceeds from disposal of quoted equity investments at fair value through profit or loss”; “Proceeds from disposal of quoted ordinary shares at fair value through profit or loss”.
  10. “Purchase of investments in collective investment schemes” is an issuer-specific line, not mapped to a shared definition: Note 30(iii).
  11. Printed under different labels across filings: “Purchase of investments in collective investment schemes”; “Purchase of unit trusts”.
  12. “Proceeds from disposal of investments in collective investment schemes” is an issuer-specific line, not mapped to a shared definition: Note 30(iii).
  13. Printed under different labels across filings: “Proceeds from disposal of investments in collective investment schemes”; “Proceeds from disposal of unit trusts”.
  14. “Purchase of government securities at fair value through profit or loss” is an issuer-specific line, not mapped to a shared definition: Note 30(iv).
  15. “Proceeds from disposal of government securities at fair value through profit or loss” is an issuer-specific line, not mapped to a shared definition: Note 30(iv).
  16. “Purchase of government securities at amortised cost” is an issuer-specific line, not mapped to a shared definition: Note 31(i).
  17. “Maturities of government securities at amortised cost” is an issuer-specific line, not mapped to a shared definition: Note 31(i).
  18. “Purchase of corporate bonds at amortised cost” is an issuer-specific line, not mapped to a shared definition: Note 31(ii).
  19. “Maturities of corporate bonds at amortised cost” is an issuer-specific line, not mapped to a shared definition: Note 31(ii).
  20. “Mortgage loans advanced” is an issuer-specific line, not mapped to a shared definition: Note 32.
  21. “Mortgage loans repayments” is an issuer-specific line, not mapped to a shared definition: Note 32.
  22. “Investment in associate” is an issuer-specific line, not mapped to a shared definition: Note 25(i)(d).
  23. “Dividends received from equity investments at fair value through profit or loss” is an issuer-specific line, not mapped to a shared definition: Note 8(ii).
  24. Not reported in this filing: Not printed: the statement of cash flows of this filing (PDF p93) has no 'Interest received' line for this column.
  25. “Rent received” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  26. Not reported in this filing: Not printed: the statement of cash flows of this filing (PDF p93) has no 'Rent received' line for this column.
  27. Printed under different labels across filings: “Repayment of bank loan”; “Repayment of borrowings”.
  28. Printed under different labels across filings: “Increase in cash and cash equivalents”; “Increase/(decrease) in cash and cash equivalents”.
  29. Printed under different labels across filings: “Effect of exchange on cash and cash equivalent”; “Effect of exchange rate changes on cash and cash equivalent”.
  30. “Rent and interest received” is an issuer-specific line, not mapped to a shared definition: Investing activities: one line in the 2024 report (the 2025 report shows them separately).
  31. Not reported in this filing: Not printed: the statement of cash flows of this filing (PDF p111) has no 'Rent and interest received' line for this column.
  32. Annual report dated 2025-03-27 presents this line for this year: 20,231,874 (p93). Not shown in this column, which follows one filing's presentation.

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Earnings / (loss) per share (per share)1 2.18 1.98 1.29
Profit / (loss) attributable to shareholders (KES thousands)2 5,500,808 5,005,352 3,255,890
Weighted average shares (shares)3 2,523,487 thousand 2,523,487 thousand 2,523,487 thousand
Notes and alternative reported figures (3)
  1. Earnings / (loss) per share: printed as “- Basic and diluted (Shs per share)”.
  2. Profit / (loss) attributable to shareholders: printed as “- Owners of the parent”.
  3. Weighted average shares: printed as “Weighted number of ordinary shares in issue (thousands)”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 No dividend recommended The Directors do not recommend any dividends in respect of the year ended 31 December 2025 (2024: Nil). no amount Annual report, p172
31 Dec 2024 No dividend recommended The Directors do not recommend any dividends in respect of the year ended 31 December 2024 (2023: Nil). no amount Annual report, p133
31 Dec 2024 No dividend recommended The Directors do not recommend any dividends in respect of the year ended 31 December 2025 (2024: Nil). no amount Annual report, p172
31 Dec 2023 No dividend recommended The Directors do not recommend any dividends in respect of the year ended 31 December 2024 (2023: Nil). no amount Annual report, p133

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Britam Holdings PLC 2025 Integrated Report & Audited Financial Statements

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: PricewaterhouseCoopers LLP (Kenya), unmodified opinion · signed

    Auditor's sign-off: PricewaterhouseCoopers LLP; engagement partner FCPA Richard Njoroge (Practicing Certificate Number 1244)

    Final status: Auditor's report dated 30th March 2026 and signed for PricewaterhouseCoopers LLP (engagement partner FCPA Richard Njoroge) (PDF p105, page image); statements approved by the board on 30th March 2026 and signed by the interim chairperson and the Group managing director and CEO (PDF p108, page image).

    Document date
    30 Mar 2026
    Auditor's report
    30 Mar 2026
    Board approval
    30 Mar 2026
    Retrieved by us
    7 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · KES thousands (printed “Shs'000”)
    • Interest received, dividends and rent received are presented in investing activities (as printed).
    • The statement of financial position presents equity first ('Capital Employed') and ends with 'Net assets' (total assets less total liabilities); no total-equity-and-liabilities line is printed.
    • No dividend recommended for 2025 (2024: nil) (note 21).
    Technical details
    File
    315 pages, with a text layer
    SHA-256
    f7fc497453516621221b65bab5eb94934ab220237a207cb1a71fd6f9f725df72
    Entity as printed
    Britam Holdings PLC (the Company) and its subsidiaries (the Group)
    Issuer copy
    retrieved 2026-10-07T18:22:36Z · curl

  • Britam 2024 Integrated Annual Report & Audited Financial Statements

    Year ended 31 December 2024 · Annual report · signed / final

    Audit: PricewaterhouseCoopers LLP (Kenya), unmodified opinion · signed

    Auditor's sign-off: PricewaterhouseCoopers LLP; engagement partner FCPA Richard Njoroge (Practising Certificate Number 1244)

    Final status: Auditor's report dated 27th March 2025 and signed for PricewaterhouseCoopers LLP (engagement partner FCPA Richard Njoroge) (PDF p87, page image); statements approved by the board on 27 March 2025 and signed by the chairman and a director (PDF p90, page image).

    Document date
    27 Mar 2025
    Auditor's report
    27 Mar 2025
    Board approval
    27 Mar 2025
    Retrieved by us
    7 Oct 2026 (not a publication date)
    Used for
    statement columns FY2023
    Basis
    consolidated statements · KES thousands (printed “Shs'000”)
    • Statement of cash flows (p93): 'Proceeds from disposal of property and equipment' 2024 is printed (34,969), an outflow, and the printed investing total (7,732,956) adds up with it. The 2025 report prints these proceeds as 34,969 and reaches the same 2024 investing total through differently presented lines (interest and rent received shown separately). Recorded as printed.
    • 'Increase in cash and cash equivalents' is printed for a 2024 decrease of (3,576,272). The unrealised fair-value line (9,664,664 for 2024) includes amounts the 2025 report shows as other investment income (2,073,112).
    • Statement of financial position: equity first, ending with 'Net assets'; no total-equity-and-liabilities line.
    • No dividend recommended for 2024 (2023: nil) (note 21; report of the directors p79).
    Technical details
    File
    244 pages, with a text layer
    SHA-256
    3ac8391ec2c1922763f1513ea33a9b94a5088f4573c47f025fd976bb2d4af57d
    Entity as printed
    Britam Holdings PLC (the Company) and its subsidiaries (the Group)
    Issuer copy
    retrieved 2026-10-07T18:22:38Z · curl

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been checked against its cited source page in an AI-assisted source verification (7 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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