Britam pays out dividend despite recording Sh1b loss

Britam Holdings Ltd Group Managing Director Benson Wairegi (left) with Group Finance and Strategy Director Gladys Karuri when the company announced its 2015 full-year financial results.? Britam has proposed to pay Sh580 million as dividends despite a paper loss it reported for the past financial year. (PHOTO: COURTESY)

Britam has proposed to pay Sh580 million as dividends despite a paper loss it reported for the past financial year.

The regional provider of insurance and other financial services yesterday announced that it had maintained its dividend payout, after reporting a Sh1 billion in net losses linked to value depreciation of its listed assets. Such assets include bonds and shares of other public companies which Britam is holding for the long-term.