CIC bounces back from Sh335m loss to net Sh259m half-year profit

CIC Group Chief Executive Patrick Nyaga.

Insurance provider CIC Group has bounced back to profitability, posting a net profit of Sh259.5 million in the first half of this year.

This was an improvement from a net loss of Sh335.5 million that the listed insurer recorded in the same period last year owing to the adverse effects of the Covid-19 pandemic.