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The Standard Group Plc is a
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British-American Investments Company (Kenya) (Britam) said its 2014 pretax profit rose 20 per cent, helped by a jump in revenue from the insurance business.
Revenue from insurance increased by 56 per cent in 2013 to Sh14.74 billion, sending pretax profit higher by 20 per cent to Sh3.73 billion. Insurance revenue in Kenya grew to Sh12.47 per cent while those in the region earned the company Sh1.5 billion. Total revenue rose to Sh20.69 billion from Sh15.13 billion in 2013, while total assets increased to Sh72.98 billion from Sh46.90 billion.
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