Insurance net earnings drops to Ksh 1.7B from Ksh 2B

  • | Citizen TV
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    Britam Holdings has posted a drop in half-year profit, weighed down by rising claims and reinsurance costs. The insurer’s profit before tax fell 11 percent to 2.5 billion shillings, pushing net earnings down to 1.7 billion. Higher service expenses and reinsurance charges squeezed margins