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Sanlam comes good with Sh71m profit turnaround

Sanlam Kenya doubles its profits. (Photo: Courtesy)

Listed insurer Sanlam Kenya has more than doubled its profit for the full-year ended December last year to Sh71 million.

The firm, which rebranded from Pan Africa Insurance Holdings at a time its earnings had declined by 97 per cent, appears to have turned a corner after an impressive performance from its general business, prompting it to withdraw a profit warning it had issued in December.

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