September 01, 2014 5:08 PM ET

Insurance

Company Overview of British American Investments Company (Kenya) Limited

Company Overview

British-American Investments Company (Kenya) Limited, an investment holding company, is engaged in the insurance, investment management, and properties businesses in Kenya, Uganda, Rwanda, and South Sudan. The company offers individual and group life, pension, and healthcare and property/casualty insurance services; and asset management and investment advisory services. Its life insurance products include unit linked products, education plans, whole life plans and other conventional products, life and critical illness products, disability products, individual and corporate pension plans, and umbrella pension plans. The company also provides medical and general insurance; discretionary/segreg...

Britam Centre

Mara/Ragati Road Junction

Upperhill

Nairobi,  

Kenya

Founded in 1920

497 Employees

Phone:

254 202 833000

Fax:

254 202 717626

Key Executives for British American Investments Company (Kenya) Limited

British American Investments Company (Kenya) Limited does not have any Key Executives recorded.

British American Investments Company (Kenya) Limited Key Developments

Britam Eyes 30% Stake In Continental Re Kenya

British American Investments Company (Kenya) Limited (Britam) is considering acquiring a 30% stake in Continental Re Kenya Ltd., a subsidiary of Continental Reinsurance Plc (NGSE:CONTINSURE) in a deal said to be worth KES 300 million), local news platform, Business Daily quoted 'reliable sources' as saying. Benson Wairegi, Chief Executive Officer of Britam, declined comments.

British American Investments Company (Kenya) Limited Announces Earnings Results for the Year Ended December 31, 2013

British American Investments Company (Kenya) Limited announced earnings results for the year ended December 31, 2013. For the year, the company reported profit before tax of KES 3.2 billion, reflecting a 12% growth from the matching period in 2012 s figure of KES 2.8 billion. Total income has increased to KES 15 billion in 2013 from KES 11.7 billion in the similar period in 2012. As against 2012 s investment income of KES 5 billion, Britam has recorded KES 6.3 billion in investment income for the year under review. The total revenue for the Group has increased to KES 9.5 billion in 2013 from KES 7.2 billion in last year, reflecting a 31% boost from the figures in 2012. This growth is attributable to the encouraging performance of the company s life, general and asset management businesses.

British American Investments Reports Earnings Results for the Half Year Ended June 30, 2013

British American Investments reported earnings results for the half year ended June 30, 2013. A rise in new business and increased product portfolio propelled British American Investments half year pre-tax profit to KES 2.5 billion, a 25% jump compared to 2012. The company's financial results for the period ended June 30 showed insurance business revenue grew to KES 4.4 billion versus KES 3.4 billion over a similar period in 2012. Revenues grew from KES 3.5 billion to KES 4.7 billion. Total income grew by 31% to KES 3.7 billion which the group attributed to diversification of the investment portfolio across major stable asset classes including property and fixed income investments.

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July 1, 2014
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