Nairobi, Feb. 23 -- CIC Insurance Group has issued a profit warning for the year ended December 2025, anticipating its net income to fall by at least 25 percent in the absence of a one-time investment property gain and higher claims.

The Nairobi Securities Exchange-listed firm had posted a net profit of Sh2.85 billion the year before, when its performance was boosted by a Sh1 billion gain from the revaluation of its Kiambu land.

The insurer said there was no similar gain in the subsequent year when it also incurred higher claims from policyholders, resulting in the lower profit forecast.

The profit warning means that the company is expecting a maximum net profit of Sh2.14 billion in the review period.

"The anticipated decline in profi...