Liberty Kenya Group Holdings Unaudited Financial Statements for the Six Months Ended 30 June 2026 shows that the listed underwriter posted a 42.5% drop in half-year Net Profit to KSh 397 million
This is as net investment income fell 22.6% to KSh1.68 billion. This is due to lower yields in a falling interest rate environment. The result offsets a near doubling of the insurance service result to KSh 448.0million. The Board recommended no interim dividend.
Liberty Kenya Holdings Key Financials:
- Insurance service income was up 99.1% to KSh 448.00million
- Net insurance and investment earnings declined 7.1% to 1.06billion
- Earnings from continuing operations fell 46.0% to KSh 231.00million
- Total earnings dropped 11.2% to KSh 231.00million
- Total assets were up 7.8% to KSh 48.89billion
- Total equity increased 1.9% to KSh 10.04billion
- Earnings Per Share(EPS) an indicator of profitability, declined 46.3% to KSh0.43
According to Liberty Kenya, investments held are a significant contributor to the Group’s earnings. Unfortunately, this income declined during the period mainly because of the lower interest environment that has manifested in reduced net yields.
This resulted in basic earnings per share from continuing operations fall to KSh 0.43 compared to KSh 0.80 in the corresponding period in 2025.
Despite lower earnings reported for the period ended 30th June 2026, the Group’s Board said it remains financially resilient and well capitalised with capitalization levels above regulatory requirements.
The Group continues to strengthen its customer value proposition through product innovation and market-led solutions.
During the period, the Group launched HeriAfya for older people and HeriAfya for younger people to complement the already successful HeriAfya medical retail offering. In addition, the Lifevest Investment Solution was enhanced to integrate long-term wealth creation with expanded insurance protection, including critical illness and permanent total disability benefits.
Liberty Kenya Group is currently undergoing a systems migration to provide them with the latest tools and technologies. As a result, operating expenses are higher than last year, reflecting a one-off investment.
The Board said the macroeconomic environment continued to improve during the period. The underwriter’s performance supported by a stable exchange rate, accommodative monetary policy and positive economic growth expectations.
While this scenario provides a favourable backdrop for business growth, fiscal consolidation pressures, constrained household disposable incomes, elevated public debt as well as climate and geopolitical related risks continue to present risk and uncertainty.
Liberty Kenya Outlook
Liberty Kenya Group’ s diversified business portfolio, prudent underwriting practices, disciplined cost management and strong capital position continue to provide a solid foundation for sustainable long-term value creation.
The results reflect continued momentum across both the Life and General Insurance businesses. This demonstrates the strength of the Group’s diversified business model.
While the Group maintained a disciplined cost management, the General Insurance business continues to experience elevated claims experience.
Liberty Kenya Holdings PLC is the holding company for The Heritage Insurance Company Kenya Ltd and Liberty Life Assurance Kenya Ltd, the short term and long term businesses of the group.
Liberty Kenya Holdings PLC is a subsidiary of Liberty Holdings, a public company incorporated in the Republic of South Africa.
