CIC half year pre-tax profit up 48pc on lower costs

CIC Insurance Group CEO Tom Gitogo

Financial services provider CIC Insurance Group braved a tough first six months of 2016 to raise its profit before tax by 48 per cent.

The half year financials show the CIC Group pre-tax profit stood at Sh399 million as at June 30, 2016, compared to the Sh269 million it posted over the same period last year.