Staff Writer
ZB Financial Holdings says it continues to scout for investment opportunities in the region and beyond, having already been accredited to write business in Tanzania.
Through its insurance operation ZB Life, the group has already established a regional business presence through investment in P&C Reinsurance (Botswana).
“In the half-year period to 30 June 2025, ZB Life Assurance progressively adopted a modern core system, Life Central System, which replaced Premia, and as of the time of reporting, data migration was being finalised,” said chief executive Dr Sherpard Fungura.
ZB Reinsurance posted a profit after tax of ZiG 22.7 million in June 2025, an improvement from a deficit of ZiG 3.97 million attained in June 2024.
The businesses’ total assets grew by 5% from ZWG 0.487 billion as at 31 December 2024 to ZWG 0.513 billion as at 30 June 2025.
On the other hand, ZB Life Assurance posted a loss after tax of ZWG 6,437 billion during the period under review, an improvement from a loss of ZWG 9,170 billion during the same period in 2024.
The businesses’ total assets increased by 9% from ZWG 1,009 billion as at 31 December 2024 to ZWG 1,104 billion as at 30 June 2025.
During the half-year period, the group generated insurance revenue of ZWG 0.423 billion for the half-year ended 30 June 2025, from ZWG 0.193 billion during the same period the prior year, registering a growth of 119 percent.
“The growth was supported by positive performance on cash funeral products and business acquisitions as well as the increased share participation in some portfolios,” said Dr Fungura.
In the period under review, group insurance service results improved to ZiG 0.066 billion from a deficit of ZiG 0.085 billion achieved during the same period in 2024, largely due to the growth in insurance revenue.
