By A Special Correspondent
CRDB Insurance Company Limited has reported a strong financial performance for 2025, posting a net profit of TSh4.4 billion and proposing a dividend payout of TSh1.5 billion as it signals confidence in its growth trajectory.
According to the company’s latest financial results, profit before tax rose to TSh6.1 billion, while gross written premiums more than doubled to TSh55.7 billion, underscoring rapid expansion in business volumes.
Total assets stood at TSh44.6 billion, with shareholders’ funds reaching TSh10.3 billion, reflecting improved capital strength.
The board has proposed a dividend of TSh439 per share, subject to shareholder approval. However, in a cautious move, it has also recommended retaining the payout to reinforce the company’s capital base and support future growth initiatives – highlighting a balancing act between rewarding investors and sustaining expansion.
The insurer’s growth was largely driven by strong performance across key business lines, particularly motor, fire, and credit guarantee insurance. The company also benefited from its distribution network, leveraging bancassurance channels through its parent, CRDB Bank Plc, alongside partnerships with brokers, agents, and corporate clients.
Speaking on the results, Managing Director Wilson Mnzava attributed the performance to a customer-centric strategy and disciplined underwriting practices.
He noted that the company’s focus on innovation and service delivery has helped it capture a growing share of Tanzania’s insurance market.
Board Chairman Omary Mwaimu said the results reflect strong governance and strategic direction, positioning the company for sustained growth.
He emphasised the importance of maintaining financial resilience as the insurer scales its operations.
Operationally, the company has invested in digital systems and automation to improve efficiency and enhance customer experience.
These investments have contributed to faster claims processing and streamlined service delivery, areas seen as critical in building trust in the insurance sector.
Looking ahead, CRDB Insurance plans to expand its product portfolio, with a particular focus on agricultural insurance, a segment viewed as key to supporting Tanzania’s largely agrarian economy.
The company also intends to deepen its digital transformation efforts and broaden market reach through innovative distribution channels.
The results come amid growing momentum in Tanzania’s insurance industry, driven by increased awareness, regulatory support, and integration with banking services. For CRDB Insurance, the latest performance signals not only strong current profitability but also a strategic push toward long-term growth and market leadership.
