CRDB Insurance hits 4.4bn net profit from 343.1m/- recorded in 2024.

DAR ES SALAAM: CRDB Insurance Company has announced a net profit of 4.4bn/- after tax for the financial year ending December 2025, a significant increase from 343.1m/- recorded in 2024.

Following this strong performance, the company’s Board of Directors has proposed a dividend of  439/- per share, amounting to a total payout of approximately  1.5bn/-, reflecting confidence in continued growth into 2026.

During the same period, the company recorded Gross Written Premiums (GWP) totaling  55.7bn/-, more than doubling the previous year’s figures.

This growth was driven by increased uptake in motor insurance, credit guarantee products, and fire insurance, supported by improved distribution strategies and expanding market reach.

The Chief Executive Officer of CRDB Insurance, Wilson Mnzava, stated:

“These results reflect the strength of our core business, the effectiveness of our distribution strategies, and our commitment to delivering value to customers.

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We have enhanced our service capacity and leveraged technology to improve efficiency and meet customer expectations. Building on this success, we are confident of achieving even better results in 2026.”

In addition to the proposed dividend, the Board has recommended reinvesting part of the profits to strengthen the company’s capital base and support future expansion plans.

The Chairman of the Board, Omary Mwaimu, noted that the results demonstrate both the scale and quality of growth, backed by strong governance and management practices.

“The significant growth in premiums, profits, and capital reflects the effectiveness of our strategy and disciplined execution.

As a Board, we remain focused on sustaining this growth momentum while safeguarding the long-term interests of the company and its stakeholders,” he said.