Liberty Kenya Holdings Plc posted a decline in net earnings for the first six months of 2021 to KSh 265.1 Million in H1, 2021 from KSh 383.8 Million in H1, 2020.
The underwriter’s Total Income increased from KSh 4.5 Billion to KSh 5.6 Billion in H1 2021.
Liberty Kenya Balance Sheet size grew to KSh 41.9 Billion in H1 2020 from KSh 39 Billion in H1 2020, while insurance contracts were worth KSh 6.9 Billion in H1 2020 to KSh 6.8 Billion in H1 2021.
Total Equity of Liberty Kenya increased from KSh 8.4 Billion in H1 2020 to KSh 8.9 Billion in H1 2021.
Net Premiums declined from KSh 6.0 Billion to KSh 5.4 Billion while Net Insurance Premiums fell to KSh 3.4 Billion in H1, 2020 to KSh 3.2 Billion in H1, 2021.
“In terms of capital adequacy, our businesses are well capitalised and above both the regulatory requirements and the group’s minimum target,” said the firm’s Board of Directors in a statement.
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