APA Apollo Profit Jumps 43% on Investment Income Boost

APA Apollo Group has reported a 43.2 percent rise in net profit to Sh2.78 billion for the year ended December 2025, driven largely by stronger investment income even as its core insurance service result declined. The group’s net investment income increased by 45 percent to Sh6.42 billion, helping to offset a one third drop in the insurance service result, which fell to Sh821.88 million.

The company said the overall performance reflects disciplined execution, customer focus, and profitable growth, as gains from investments played a key role in supporting earnings during the period. APA Apollo Group operates across several business lines, including APA Insurance, APA Life Assurance, APA Microinsurance, Apollo Asset Management, and Gordon Court.

Across its units, APA Life recorded a 58.8 percent growth in net profit to Sh441.66 million, while APA Insurance posted a 37.1 percent increase to Sh1.44 billion. APA Microinsurance more than doubled its profit to Sh9.56 million, adding to the group’s overall financial performance.

The results come ahead of a planned leadership transition at the group. Long serving Chief Executive Officer Ashok Shah MBS is set to retire at the end of June 2026 and will be succeeded by Risper Genga Ohaga. The transition marks a new phase for the company as it continues to strengthen its operations.

At the same time, APA Apollo is pursuing acquisitions of Meticulous General Insurance and Metro Tanzania Life Assurance Company. The planned deals point to a broader regional growth strategy, as Kenyan insurers increasingly seek opportunities beyond the domestic market in search of larger underwriting space and expansion prospects.