The CIC Insurance Group 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	29,458	26,349	25,401	20,734	14,703
Total Interest & Dividend Income	1,111	1,240	2,104	1,299	1,666
Gain (Loss) on Sale of Investments	465.94	184.92	-121.49	-4.97	149.42
Other Revenue	532.69	311.9	369	223.53	2,146
Total Revenue	33,350	29,353	28,916	23,381	18,665
Revenue Growth (YoY)	13.62%	1.51%	23.67%	25.27%	11.46%
Policy Benefits	29,634	26,005	24,613	21,288	10,529
Policy Acquisition & Underwriting Costs	-	-	-	-	2,480
Selling, General & Administrative	-	-	-	-	4,606
Provision for Bad Debts	3.57	1.41	3.03	-1.11	-4.34
Other Operating Expenses	2,049	1,725	1,451	1,318	137.08
Total Operating Expenses	31,687	27,731	26,067	22,610	17,754
Operating Income	1,664	1,622	2,849	771.24	911.14
Interest Expense	-503.48	-578.2	-517.82	-440.31	-431.08
Earnings From Equity Investments	-	1.52	-3.04	4.67	-
Currency Exchange Gain (Loss)	135.65	1,365	82.57	191.76	398.31
Other Non Operating Income (Expenses)	54.39	573.1	0.74	14.15	56.26
EBT Excluding Unusual Items	1,350	2,984	2,412	541.5	934.63
Asset Writedown	-99.8	1,010	132.38	281.83	10.79
Other Unusual Items	-	-	-	-	14.3
Pretax Income	1,250	3,994	2,544	823.34	959.71
Income Tax Expense	736.61	1,139	1,102	666.2	291.28
Earnings From Continuing Ops.	513.82	2,855	1,442	157.14	668.44
Minority Interest in Earnings	74.75	-138.23	56.14	-0.67	-79.06
Net Income	588.57	2,716	1,498	156.47	589.38
Net Income to Common	588.57	2,716	1,498	156.47	589.38
Net Income Growth	-78.33%	81.34%	857.37%	-73.45%	-
Shares Outstanding (Basic)	2,746	2,877	2,877	2,877	2,877
Shares Outstanding (Diluted)	2,746	2,877	2,877	2,877	2,877
Shares Change (YoY)	-4.55%	-	-	-	-
EPS (Basic)	0.21	0.94	0.52	0.05	0.20
EPS (Diluted)	0.21	0.94	0.52	0.05	0.20
EPS Growth	-77.30%	81.34%	857.37%	-73.45%	-
Free Cash Flow	5,789	3,940	5,460	4,817	2,002
Free Cash Flow Per Share	2.11	1.37	1.90	1.67	0.70
Dividend Per Share	0.118	0.118	0.118	0.118	-
Operating Margin	4.99%	5.53%	9.85%	3.30%	4.88%
Profit Margin	1.76%	9.25%	5.18%	0.67%	3.16%
Free Cash Flow Margin	17.36%	13.42%	18.88%	20.60%	10.73%
EBITDA	1,780	1,720	2,929	834.92	1,025
EBITDA Margin	5.34%	5.86%	10.13%	3.57%	5.49%
D&A For EBITDA	116.58	97.79	80.07	63.69	114.11
EBIT	1,664	1,622	2,849	771.24	911.14
EBIT Margin	4.99%	5.53%	9.85%	3.30%	4.88%
Effective Tax Rate	58.91%	28.52%	43.33%	80.92%	30.35%
Revenue as Reported	-	-	-	-	19,168

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.