Oh, I'm amazed Total Insurance is still a leader in the UK... This company has very favorable conditions for customers, but as we know, what is profitable for customers is unprofitable for the company, so I have a reasonable question - how does this company manage to develop and not lose a lot of money? For example, I bought insurance for taxi drivers from their site http://www.total-insurance.co.uk on very favorable terms for me, for example, I pay only 1099 for my Toyota Prius, and every year the price of insurance will only decrease, not increase like in other companies...

Waiting to hear how the company/group intends to redeem its ksh.5bn corporate debt that matures in October.

https://www.businessdailyafrica.com/news/Insurance-penetration-drops-to-15-year-low/539546-5261220-2vbmef/index.html
The latest industry report by AKI shows that last year’s drop in insurance penetration was accompanied by a 61.56 percent drop in net profits from Sh9.21 billion to Sh3.54 billion, the lowest in 12 years.

According to the latest industry data, return on capital dropped from 10.4 percent in 2017 to 4.41 percent last year, showing the shrinking returns for the industry.

"I can see us going further down and exiting the market if we don’t put our act together,” Mr Gichuhi said.

The industry has too many insurance companies.
It's ripe for mergers and acquisitions.
Insurance companies in Kenya are more than the banks in terms of numbers

I like the trend of deleveraging by some firms.

Centum is paying off some loans/bonds from the sale of Almasi/King/NBL.
CIC is paying off this bond.
HF will pay off a bond too. It is also trying to sell non-performing properties/assets.
Britam is also trying to sell properties and reduce borrowings or increase cash.

In these tough times, if the business cannot generate great returns then it is better to deleverage.

Excessive leverage can be disastrous as seen for Uchumi, ARM, Mumias, etc.

Cash-rich firms (or those with low/manageable) debt can better survive a tough operating environment.