CRDB Insurance posts tenfold profit rise
DAR ES SALAAM: CRDB Insurance Company Limited recorded a tenfold increase in profit after tax in 2025, underscoring a strong turnaround in its underwriting and investment performance over the year.
The insurer’s earnings surged to about 4.4bn/- from 343.1m/- in the previous year, driven by improved underwriting results and higher investment income The CRDB Insurance Company Managing Director, Mr Wilson Mnzava, described 2025 as a year of outstanding progress, marked by growth, resilience and strategic execution. “Our results reflect the strength of our core business, the effectiveness of our distribution strategy and our commitment to delivering value to customers.
“We have strengthened our technical capabilities, improved service delivery and leveraged technology to enhance efficiency and customer experience. “Building on this momentum, we are confident of achieving even stronger performance in 2026,” he said.
The company recorded a gross written premium of 55.7bn/-, more than double compared to the previous year driven by strong performance across key product lines, particularly motor, credit guarantee and fire insurance, supported by effective distribution, underwriting discipline and growing market penetration.
In line with the improved profitability, CRDB Insurance Company Limited, fully owned by CRDB Bank, has proposed a dividend of 439/- per share, amounting to a total payout of 1.5bn/-, signaling confidence in sustaining stronger performance this year.
Profit before tax stood at 6.1bn/- from merely 264.4m/- , while total assets rose to 44.6bn/- and shareholders’ funds increased to 10.3bn/- , reflecting a robust balance sheet and sustained financial strength.
Mr Mnzava said technology and innovation continued to play a central role in the Company’s growth, with increased investment in digital capabilities, system integration and process automation across underwriting, claims and operations.
“These initiatives have improved turnaround times, enhanced decision-making and positioned the Company for scalable expansion,” he said.
The Company also benefited from the strength of the CRDB Bank ecosystem, particularly through its bancassurance model, which leverages its extensive branch network, agents and digital channels to expand access to insurance solutions.
“Collaboration with brokers, agents and corporate partners further supported growth and diversification,” Mr Mnzava said.
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The CRDB Insurance Chairman, Mr Omary Mwaimu said that the insurers’s performance reflects both the scale and quality of its growth, supported by strong governance and strategic oversight.
“The significant growth in premiums, profitability and capital base demonstrates the effectiveness of our strategy and the discipline with which it has been executed. We remain focused on sustaining this momentum while safeguarding the long-term interests of the company and its stakeholders,” said Mr Mwaimu.
However, the Board has recommended that the dividend be retained to further strengthen the company’s capital base and support its expansion strategy. The retained earnings will be directed toward deepening digital transformation, broadening product offerings and expanding into high-potential segments such as agricultural insurance, thereby reinforcing the company’s competitive position in the market.
