Britam Holdings Income Statement

Financials in millions KES. Fiscal year is January - December.

Millions KES. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	41,654	28,239	26,867	20,044	25,016
Total Interest & Dividend Income	-2,772	-6,425	7,612	4,301	11,093
Gain (Loss) on Sale of Investments	8,101	10,376	-4,649	-2,329	1,800
Other Revenue	-	267.78	135.29	130.63	1,550
Total Revenue	47,943	33,114	30,605	22,806	40,143
Revenue Growth (YoY)	44.78%	8.20%	34.20%	-43.19%	25.23%
Policy Benefits	38,199	21,066	17,404	12,760	23,071
Policy Acquisition & Underwriting Costs	-	4,901	4,872	2,874	4,117
Selling, General & Administrative	-	4.97	2.48	4.2	11,111
Other Operating Expenses	3,191	1,198	4,192	4,671	216.51
Total Operating Expenses	41,389	27,170	26,470	20,309	38,516
Operating Income	6,553	5,944	4,135	2,496	1,627
Interest Expense	-148.04	-283.59	-247.14	-272.92	-413.99
Earnings From Equity Investments	859.58	420.97	213.32	-2.76	-286.09
Currency Exchange Gain (Loss)	-	944.23	405.3	334.97	-17.14
Other Non Operating Income (Expenses)	639.32	119.34	231.34	60.93	514.24
EBT Excluding Unusual Items	7,904	7,145	4,738	2,617	1,424
Gain (Loss) on Sale of Assets	-	-9.07	-5.79	13.56	14.37
Asset Writedown	-	194.84	87.19	291.34	-426.8
Pretax Income	7,904	7,331	4,819	2,921	1,011
Income Tax Expense	2,367	2,298	1,540	1,261	939.34
Earnings From Continuing Ops.	5,537	5,033	3,279	1,661	72.12
Minority Interest in Earnings	-	-27.77	-23.23	-102.72	-25.9
Net Income	5,537	5,005	3,256	1,558	46.22
Net Income to Common	5,537	5,005	3,256	1,558	46.22
Net Income Growth	10.62%	53.73%	108.99%	3270.53%	-
Shares Outstanding (Basic)	2,540	2,523	2,523	2,523	2,523
Shares Outstanding (Diluted)	2,540	2,523	2,523	2,523	2,523
Shares Change (YoY)	0.65%	-	-	-	-
EPS (Basic)	2.18	1.98	1.29	0.62	0.02
EPS (Diluted)	2.18	1.98	1.29	0.62	0.02
EPS Growth	9.91%	53.73%	108.99%	3270.67%	-
Free Cash Flow	3,725	5,577	8,199	-2,899	1,232
Free Cash Flow Per Share	1.47	2.21	3.25	-1.15	0.49
Operating Margin	13.67%	17.95%	13.51%	10.95%	4.05%
Profit Margin	11.55%	15.12%	10.64%	6.83%	0.11%
Free Cash Flow Margin	7.77%	16.84%	26.79%	-12.71%	3.07%
EBITDA	6,717	6,108	4,314	2,678	1,812
EBITDA Margin	14.01%	18.45%	14.10%	11.74%	4.51%
D&A For EBITDA	164.13	164.13	178.99	182.04	185.33
EBIT	6,553	5,944	4,135	2,496	1,627
EBIT Margin	13.67%	17.95%	13.51%	10.95%	4.05%
Effective Tax Rate	29.95%	31.34%	31.96%	43.16%	92.87%
Revenue as Reported	-	-	-	-	40,228

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.