Listed Non-Bank financial services provider Sanlam Allianz Holdings (Kenya) Plc has delivered a resilient performance in 2025 despite a competitive operating environment, recording a profit before tax of KShs 1.315 billion. This outcome reflects disciplined underwriting, prudent expense management, and continued optimisation of the Group’s reinsurance structures. The business achieved operational efficiency, strengthened internal controls, and made progress in digitisation. Statement from Group Chief Executive Officer, Dr Patrick Tumbo, EBS “Our 2025 results demonstrate strong execution of our strategic initiatives, underpinned by the resilience of our core business. 2025 also marked a year of transformation by executing a successful rights issue and launch of our comprehensive corporate rebrand as Sanlam Kenya PLC rebranded to Sanlam Allianz Holdings (Kenya) PLC. The name change follows the continental joint venture between Sanlam, Africa’s largest non-banking financial services entity and Allianz, the global leader in insurance. Furthermore, the Group’s commitment to digitization is now a key competitive advantage; Sanlam Allianz Life processes most of its new business through digital channels, significantly enhancing the client’s experience. Progress on innovation, and embedded distribution, particularly through Akiba Plus, have positioned the Group to explore new growth opportunities within Deposit Administration Funds. These solutions continue to deliver superior competitive value, anchored by a 5% minimum guaranteed return and a remarkable 14% net return declared in 2025 (2024;15%). We are also proud to fulfill our social promise by maintaining a pension payroll of KShs 160 million per month for our retirees. These milestones position us as a leader in financial inclusion and long-term wealth preservation,” said Dr Patrick Tumbo. Financial Performance Metrics The Group’s diversified revenue streams and strong fundamentals are reflected in the following key indicators: Profit after tax: Stood at KShs 832 million: Achieved within a macro economic environment of declining interest rates, which placed significant pressure on traditional investment yields Insurance Revenue: Stood at KShs 4.41 billion, demonstrating steady market demand for our savings and protection products. Net Insurance Service Result: Surged by 46% to KShs 951 million, reflecting a significant leap in improved underwriting and claims management. Net Finance Expenses from Insurance Contracts: Increased to KShs 3.88billion, representing the financial adjustments and interest credited to policyholders as the Group honoured its long-term contractual obligations. Total Assets: The Group’s balance sheet remains robust with total assets of KShs 39.37 billion. . Shareholders’ Equity and Capital Position The Group’s capital structure underwent a transformational strengthening in 2025. Total capital and reserve ssurged to KShs 4.75 billion, up from KShs 1.92 billion in 2024, primarily driven by the successful completion of the Rights Issue. This capital injection facilitated deleveraging strategy, with total borrowings slashed by 66% to KShs 1.42 billion (down from KShs 4.22 billion). This move not only reduced finance costs by 72% but also fortified our balance sheet. Dividend Declaration The Board of Directors does not recommend the payment of a dividend for the financial year ended 31 December 2025. This decision is rooted in a strategy of preserving capital for financial stability and growth. Looking Forward: Customer Obsession and Global Synergy Heading into 2026, Sanlam Allianz Holdings (Kenya) Plc is guided by a philosophy of customer obsession and a dedication to empowering our clients to live confidently. The rebranding to Sanlam Allianz has created a powerful synergy, combining deep local market insights with the continental capabilities of Sanlam and the world-class standards and technical expertise of Allianz. By leveraging its extensive pan-African presence across 26 countries, Sanlam Allianz is uniquely positioned to deliver technology-driven solutions, ensuring that every Kenyan has access to worldclass financial products. -Ends-
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