youcan'tstopusnow wrote:PKoli, how were their results last year? Give us a breakdown please
Extract from the annual report of CiCOVERALL GROWTH
Growth in premium income for both classes of insurance business grew by 21% from kshs.2.37 billion in 2008 to kshs. 2.87 billion in 2009 with Net earned premium increasing by 24% from Kshs. 2.22 billion to kshs. 2.76 billion. Profit before tax increased by 26% from Kshs. 219 million to Kshs. 277 million. This increase in profitability is attributable to growth in business volume, better underwriting results in life business and an improvement in investment return. Total assets grew by 16% from kshs. 3 billion to kshs. 3.5 billion in the period under review, a further testimony of increase in the company’s financial strength.
Note: eps is 11