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Kenya's Pan Africa Insurance Holdings 2014 profit falls 24 per cent

Kenya's Pan Africa Insurance Holdings reported on Friday a 24 percent drop in full-year pretax profit for 2014, hit by unrealised gains in equity investments and slow property sales.

The company, controlled by South African insurer Sanlam, said pretax profit fell to 1.15 billion shillings ($12.6 million) from 1.52 billion in 2013.

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