Pan Africa Insurance Holdings Board of Directors and shareholders held the Annual General Meeting on 13th June 2007, in which the Chairman, Mr. John Simba announced a record profit of Kshs.450.3 Million for the year ending 31st December 2006. This represents a 155% increase in profit after tax from 2005. Total income increased by 34% with a Gross premium income from life insurance business of Kshs. 1.4 Billion, which represents a 20% increase over the previous year.