Magazine date:
May 2024 Figures in thousands
Branches | 2023 turnover | 2022 turnover | 2022-2023 evolution (1) | 2023 shares | ||
---|---|---|---|---|---|---|
KES | USD | KES | USD | |||
Health | 66 308 431 | 419 732 | 54 892 226 | 441 882 | 20.80% | 18.35% |
Motor | 55 122 578 | 348 926 | 53 879 659 | 433 731 | 2.31% | 15.25% |
Fire | 22 463 826 | 142 196 | 19 497 361 | 156 954 | 15.21% | 6.21% |
Workmen's compensation | 14 733 217 | 93 261 | 13 186 956 | 106 155 | 11.73% | 4.08% |
Marine (2) | 9 036 178 | 57 199 | 7 816 940 | 62 926 | 15.60% | 2.50% |
Theft | 4 860 552 | 30 767 | 4 231 130 | 34 061 | 14.88% | 1.35% |
Third party liability | 4 769 584 | 30 192 | 3 842 170 | 30 930 | 24.14% | 1.32% |
Engineering | 4 635 883 | 29 345 | 5 274 833 | 42 462 | -12.11% | 1.28% |
Personal accident | 3 456 669 | 21 881 | 2 490 419 | 20 048 | 38.80% | 0.96% |
Miscellaneous risks | 5 951 810 | 37 675 | 3 812 555 | 30 691 | 56.11% | 1.65% |
Total non life | 191 338 728 | 1 211 174 | 168 924 249 | 1 359 840 | 13.27% | 52.95% |
Deposit management | 63 000 344 | 398 792 | 50 611 739 | 407 424 | 24.48% | 17.43% |
Individual life insurance | 38 514 357 | 243 796 | 35 474 140 | 285 567 | 8.57% | 10.66% |
Collective life insurance | 21 733 244 | 137 571 | 16 800 496 | 135 244 | 29.36% | 6.01% |
Individual pensions | 14 736 600 | 93 283 | 8 073 518 | 64 992 | 82.53% | 4.08% |
Credit Insurance | 15 846 653 | 100 309 | 15 792 407 | 127 129 | 0.34% | 4.39% |
Annuities | 12 349 525 | 78 173 | 10 036 388 | 80 793 | 23.05% | 3.42% |
Investments | 3 841 353 | 24 316 | 4 056 113 | 32 652 | -5.29% | 1.06% |
Total Life | 170 022 076 | 1 076 240 | 140 844 801 | 1 133 801 | 20.72% | 47.05% |
Grand total | 361 360 804 | 2 287 414 | 309 769 050 | 2 493 641 | 16.65% | 100% |
(1) Growth rate in local currency
(2) Includes aviation and maritime
Exchange rate as at 31/12/2023 : 1 KES = 0.00633 USD ; 31/12/2022 : 1 KES = 0.00805 USD.
Read also | Insurance companies in Kenya [4]