The National Insurance Corporation (NIC), the country’s largest insurer, has posted solid results for the 2023/24 financial year, with revenue climbing by 11 percent to Sh130.33 billion, up from Sh117.42 billion in the previous year. The growth, which NIC attributes to a diversified investment portfolio and prudent risk management practices, also lifted insurance service results by 25.98 percent to Sh35.06 billion, compared to Sh27.83 billion in 2022/23. Insurance revenue rose to Sh130.33 billion, marking an 11 percent increase from the previous year. Insurance service results also surged by 25.98 percent, reaching Sh35.06 billion compared to Sh27.83 billion in 2022/23. However, profit after tax registered a slight dip, coming in at Sh23.59 billion, down from Sh25.57 billion in the prior year.