Sanlam Allianz Holdings Kenya stock gets two new directors

Published on 10/08/2026 at 04:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sanlam Allianz Holdings Kenya stock now has two new independent directors, appointed effective September 30, 2026. First-half profit reached KES 124.6 million and premiums rose 32 percent.

SLAM, KE0000000414, Illustration mit AI erstellt.

Sanlam Allianz Holdings (Kenya) PLC (ISIN KE0000000414) delivered total comprehensive profit of KES 124.6 million in the first half of 2026, up from KES 30.9 million a year earlier, according to Africa Digest News on September 29, 2026. The company also added two independent directors in a board change effective September 30, 2026.

Two directors join the board

According to The Kenya Times on October 5, 2026, Millicent Onyonyi and Hilda W. Mucha joined the board as independent, non-executive directors. Their appointments followed the September 30 departures of Grace Mwai and Rose Agutu, both of whom had served as independent directors.

The change gives the listed insurer two new voices in oversight, audit and governance as the business continues to integrate its life and general insurance operations. The board update is a concrete corporate event for SLAM, separate from the recent movement in the share price.

Profit improved, but underwriting weakened

The first-half profit comparison was supported by a 32 percent increase in gross written premiums, according to Africa Digest News. The insurance service result, however, fell 34.5 percent to KES 241.3 million, showing that stronger reported profit did not translate into broad improvement across the operating lines.

Investment returns also dropped 83.3 percent in the same first-half period, while the balance sheet exceeded KES 40 billion and the solvency ratio stood at 266 percent, the report said. For investors, the combination points to a company with stronger capital coverage but uneven earnings quality across underwriting and investment income.

SLAM gained 2.46 percent on October 6

SLAM was last at KES 10.40 on the Nairobi Securities Exchange on October 6, 2026, up 2.46 percent, with 10,519 shares traded. The price move provides a market checkpoint while the board changes and first-half figures define the company's current operating story.