CIC Insurance Group stock gains as H1 profit rises 70.3 percent
Published on 09/24/2026 at 14:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
CIC Insurance Group stock gained 3.02 percent to a closing price of KES 4.77 on the Nairobi Securities Exchange on September 22, 2026. The move followed first-half results showing profit after tax up 70.3 percent to KES 1.09 billion, according to Capital FM on September 1, 2026.
Investment income drives earnings
The six months ended June 30, 2026, brought a sharp split between the headline profit and the underlying insurance result. Insurance revenue increased 17.8 percent to KES 16.34 billion from KES 13.87 billion a year earlier, while investment return rose 43.9 percent to KES 3.96 billion, according to Khusoko.
The earnings mix matters for investors because the insurance service result fell 67.2 percent to KES 42 million from KES 128.2 million in H1 2025. The result shows that investment performance supplied a larger share of the profit increase than the core underwriting operation.
Revenue growth meets claims pressure
Asset-management revenue rose 25.2 percent to KES 1.04 billion from KES 829.3 million, while operating profit increased 20.6 percent to KES 1.85 billion, the same H1 comparison shows. Profit before tax rose 30.2 percent to KES 1.56 billion from KES 1.20 billion.
The general insurance unit generated KES 10.7 billion of revenue, up 18 percent, and profit before tax increased 33 percent to KES 734 million, according to Capital FM. Yet the group level insurance service result declined, making claims and policy costs the key counterweight to revenue growth.
Stock gains after results
CIC Insurance Group stock closed at KES 4.77 on September 22, 2026, with a daily gain of 3.02 percent on the Nairobi Securities Exchange. The company had a market capitalization of KES 13.81 billion as of September 24, 2026, while the earnings release gives investors two separate signals: faster bottom-line growth and weaker core service profitability.
CIC Insurance Group at a glance
- Company: CIC Insurance Group PLC
- Ticker: CIC
- Trading venue: Nairobi Securities Exchange
- Closing price (September 22, 2026): KES 4.77
- Market capitalization: KES 13.81 billion (as of September 24, 2026)
- Sector / Industry: Insurance
