{"id":466783,"date":"2019-08-27T16:34:46","date_gmt":"2019-08-27T15:34:46","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=466783"},"modified":"2019-08-27T16:34:46","modified_gmt":"2019-08-27T15:34:46","slug":"sanlam-kenya-becomes-profitable-in-the-first-half-of-2019","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2019\/08\/27\/sanlam-kenya-becomes-profitable-in-the-first-half-of-2019\/","title":{"rendered":"Sanlam Kenya becomes profitable in the first half of 2019"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Sanlam Kenya posted net profit of 639.7 million shillings (about 6.2 million USD) for the first half of 2019, after a loss of 1.5 billion shillings after tax in the first six months of the year former.<\/p>\n<p>&#8220;The investments recorded impressive gains in the market value of Sanlam&#8217;s treasury and equity portfolios, bringing non-insurance revenues to 1.9 billion shillings compared to 41 million shillings in the same period. last year, &#8220;according to Patrick Tumbo, chief executive of the former Pan Africa Insurance Holdings, quoted by the local press.<\/p>\n<p>&#8220;Efforts to recover the Group&#8217;s impaired assets of more than 2.2 billion shillings from financially troubled institutions are still ongoing and remain a top priority for the sector this year,&#8221; he said. added.<\/p>\n<p>The company&#8217;s basic insurance revenues increased from 3.11 billion shillings at June 30, 2018 to 3.35 billion shillings a year later, an increase of 17 percent due, it is said, the improvement in investment performance and the positive impact of a revision of the legal interest rate risk margin.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Sanlam Kenya posted net profit of 639.7 million shillings (about 6.2 million USD) for the first half of 2019, after a loss of 1.5 billion shillings after tax in the first six months of the year former. &#8220;The investments recorded impressive gains in the market value of Sanlam&#8217;s treasury and equity portfolios, bringing non-insurance revenues<\/p>\n","protected":false},"author":530746,"featured_media":466787,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[16158,12000,11996],"tags":[13726],"class_list":{"0":"post-466783","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-bank","8":"category-banks-insurance","9":"category-finance-en","10":"tag-sanlam-kenya","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Sanlam Kenya becomes profitable in the first half of 2019 - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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