The Independent (Kampala)

8 March 2014

Uganda: Britam Insurance Group Records U.S. $37 Million Gross Profits

Britam Insurance Group has recorded US$37 million gross profits for the full year ending Dec. 31, 2013, according to a statement released by the company on March 7.

This is a 12% increase in profits posted in the same period last year.

Group total income grew to US$174 million up from US$135 million in the same period last year.

Total assets for the group increased to US$543 million up from US$414 million, representing a 31% growth.

Britam Insurance Uganda Ltd, a subsidiary of British-American Investments Company (Kenya) Ltd, grew by 105% while Britam South Sudan registered a growth in revenue of US$1.3 million in 2013 from US$11,570 million in 2012.

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