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Insurance profits in Kenya dip 11.9pc in six months

Maurice Oduor, Cytonn’s investment manager

NAIROBI: Listed insurance companies have registered an 11.9 per cent dip in profits after tax in the first half of this year.

According to a half-year report on the insurance sector prepared by Cytonn Investments Management, the performance was a result of a high combined ratio of 127.3 per cent.

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