Business Daily | by Otiato Guguyu
Absa Life Assurance Kenya has posted a Sh245 million in net profit for the year ended December, an 84 percent jump attributed to higher premium collections that outpaced claims payments and policy surrenders.
The Absa Group subsidiary profits rose from Sh133 million in 2020 driven by a 44.7 percent jump in premiums to Sh5.5 billion. The firm said the premium increase came from a government scheme as well as growth in corporate and education policy portfolios…
