Geminia Life Profit and Assets Improve substantially in 2025
Tough economic times in recent years in Kenya and other parts of the word have forced many firms to limit operations not only to cut operational costs but also to survive until global economic fortunes can improve. In the country, some firms have issued poor performance alerts in advance to forestall shareholders’ frustrations give that most of the shareholders annually look forward with hope and anticipation for some earnings (income) from dividends and related annual earnings including in the Sacco’s realm.
This grim reality has however been overcome by some firms including the Geminia Life Insurance Company. As one of the Kenyan insurance industry small firms in the league that commands less than 3 per cent of the market share, Geminia Insurance’s performance is not only commendable but also inspiring.
As an efficiently and professionally managed firm, it has reported a significant growth in profitability, with profit after tax rising to K sh 149 million (M) in 2025, up from K sh 71.4 M recorded in 2024. This result reflects an improved bottom-line performance, driven by strategic execution, a bulletin from the company indicated on April 27th, 2026 in Nairobi.
The Company’s total assets also expanded to K shS 3.7 billion (B), up from K sh 3.1 B in the previous year, reinforcing balance sheet strength.
The Board Chair, Ms. Afrida Boinett attributed the impressive performance to disciplined strategy execution: “Our growth is a direct result of deliberate strategic choices we made over the past year and some from the last strategic cycle. We have sharpened our focus on the customer, our processes, and innovation. We are happy that the changes we have been making have resonated well in the market,” Boinett affirmed.
And despite a marginal decline in insurance revenue from K sh 1 billion (B) to K sh 849 M, the Company’s investment income grew by 31 per cent from K sh 277 M in 2024 to K sh 363 M in 2025 providing a strong counterbalance and reinforcing overall earnings stability.
Acknowledging and appreciating the results, Geminia MD Dr. Peter Gichuru, observed; “Our improved profitability and asset position show a pattern of prudent fiscal management. Our focus is on value creation for all various stakeholders, anchored on the customer. The Company’s superior performance has supported a consistent above-market return on pension funds, with the 2025 declared rate being 12.25 per cent.”
Geminia Life’s Deposit Administration Fund maintained strong momentum, crossing the K sh 1 B mark to close at K sh 1.3 B. The Company’s Capital Adequacy Ratio (CAR) also strengthened to 181 per cent, up from 162 per cent, reflecting a stronger financial position and enhanced capacity to meet policyholder obligations and support future growth.
Notably, Geminia Life Insurance Company Limited is a Kenyan-owned life insurance provider delivering responsive life insurance products and services. The Company was established in 1992 as a department within Geminia Insurance but became a separate entity in the year 2020, following a regulatory demerger. Geminia Life prides itself in strong governance, an unwavering dedication to its customers, product innovation and an asset base of K sh 3.7 B as of December 2025. The Company offers a diverse portfolio of life insurance products, including endowment covers, education plans, credit life and mortgage insurance, group life and last expense covers, as well as retirement and investment solutions.
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