Old Mutual Life Kenya (OMLAK) has recorded a Kes436 profit after tax growth for the financial year ending December last year.
The growth is an increase from Kes214 million recorded in the same period in 2021.
The Insurer has attributed the growth to growing premiums.
According to the lender, the performance was successful through customer satisfaction, strategic partnerships, and growth in its different segments, such as corporate business, which grew by 71 per cent, retail business (45 per cent) and pension business (7 per cent).
OMLAK Acting Managing Director Calvince Onduru noted that as a company, they are happy to have bounced back compared to the industry growth.
“The business remains solid as it is fairly capitalized with assets of up to Kes 29 billion and a capital adequacy ratio of 172%. Therefore, we commit to the promise, and we are positive that we shall grow bigger and conquer the top.” he said.
