WAICA Re Kenya announced its financial results for the year ended December 31, 2025, reflecting a generally strong performance driven by reinsurance activity and financial income, according to a statement released on April 14, 2026. In 2025, reinsurance income amounted to KSh 5,306,760 thousand (approximately USD 40.9 million) compared to KSh 5,514,794 thousand (approximately USD 42.5 million) in 2024.
At the same time, charges related to reinsurance services reached KSh 4,030,911 thousand (approximately USD 31.0 million) compared to KSh 4,465,872 thousand (approximately USD 34.4 million) a year earlier.
As a result, the reinsurance service result improved to KSh 1,195,106 thousand (approximately USD 9.2 million) compared to KSh 1,117,163 thousand (approximately USD 8.6 million) in 2024.
Furthermore, net investment income increased to KSh 349,963 thousand (approximately USD 2.7 million) compared to KSh 315,436 thousand (approximately USD 2.4 million) in 2024. However, these gains were partially offset by financial charges on reinsurance contracts of KSh 377,865 thousand (approximately USD 2.9 million).
A net profit increase
In this context, the profit before tax amounted to KSh 788,450 thousand (approximately USD 6.1 million). After taking into account a tax charge of KSh 216,050 thousand (approximately USD 1.7 million), the net profit amounted to KSh 572,448 thousand (approximately USD 4.4 million).
As of December 31, 2025, total assets reached KSh 6,039,123 thousand (approximately USD 46.5 million) compared to KSh 5,514,077 thousand (approximately USD 42.5 million) a year earlier.
This increase is mainly explained by public securities (KSh 1,565,028 thousand, approximately USD 12.1 million), deposits with financial institutions (KSh 3,494,042 thousand, approximately USD 26.9 million), as well as cash and bank balances (KSh 61,346 thousand, approximately USD 0.47 million).
As a result, equity amounted to KSh 3,238,443 thousand (approximately USD 24.9 million) compared to KSh 2,666,995 thousand (approximately USD 20.5 million) in 2024, while total liabilities amounted to KSh 2,789,680 thousand (approximately USD 21.5 million).
Finally, the company has a capital adequacy ratio of 200% and an asset return of 18%, confirming the strength of its financial position. The financial statements have been audited by PricewaterhouseCoopers LLP, which issued an unqualified opinion.
