NAIROBI, Kenya, Sept 17 – Sanlam Kenya Plc has called a virtual Extra-Ordinary General Meeting (EGM) on October 9 to seek shareholder approval for a proposed name change to Sanlam Allianz Holdings (Kenya) Plc.
The move follows the establishment of SanlamAllianz, a joint venture between Sanlam and Allianz that consolidates their African operations to create the continent’s largest pan-African non-banking financial services group.
The entity now operates in 26 countries with a combined equity value of over 33 billion South African rand (about €2 billion).
Sanlam Kenya reported steady growth in the first half of 2025, with insurance revenue rising to Sh3.73 billion from Sh3.52 billion.
Total assets stood at Sh41.3 billion, up from Sh39.2 billion in December 2024. Solvency ratios for Sanlam Life Insurance and Sanlam General Insurance were reported at 220 percent and 194 percent, respectively.
The firm also concluded a successful rights issue, raising its share capital to Sh3.22 billion and doubling shareholders’ funds to Sh3.85 billion, a move that has strengthened its capital base ahead of the proposed rebrand.
