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32 SUMMARY PERFORMANCE OF STANBIC BANCASSURANCE INTERMEDIARY LIMITED KES millions Total revenue Total expenses KEY TAKEOUTS 2022 2021 % change This performance reflects: 145 161 (10) (86) (63) 330 (36) □ One off transaction that did not recur this year. Excluding this, revenue grew by 20% year on year. □ Increase in gross written premiums by 26% year on year. □ Increased uptake on standalone insurance products. □ Increase in costs due to digitization. Profit before tax 59 97 (39) Tax (19) (30) (38) Profit after tax 40 67 (40) Stanbic IT CAN BE

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