Insurers dividend payout rises 79pc despite Covid hit
Tuesday May 04 2021
Guests follow proceedings during the launch of a new InsurTech ecosystem at Radisson Blu Hotel in Nairobi on July 16, 2019. FILE PHOTO | NMG
By OTIATO GUGUYU
Summary
Insurance sector dividend payout jumped 79 per cent to Sh4.4 billion last year rewarding shareholders despite ravages of the coronavirus pandemic on profitability.
This was an increase from Sh2.4 billion paid out in 2019 as some insurance businesses managed to navigate the tough economic times.
Insurance sector dividend payout jumped 79 per cent to Sh4.4 billion last year rewarding shareholders despite ravages of the coronavirus pandemic on profitability.