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CIC 2015 half year results
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Ericsson
#1 Posted : Friday, July 31, 2015 10:22:50 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Key Highlights Half Year 2014 vs Half year 2015
Gross written premiums increased by 15% from ksh 5.913bn to 6.93bn.
Investment and other income increased by 134% from ksh 0.5bn to ksh 1.35bn
Claims incurred decreased by 4% to ksh 4.3bn from sh.4.5bn
Operating expenses rose by 27% from ksh 1.834bn to ksh 2.332bn
Profits before tax increased from ksh 154,360 to ksh 269,284
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by moderator: Friday, July 31, 2015 10:53 AM | Reason: title case
Pesa Nane
#2 Posted : Friday, July 31, 2015 10:40:32 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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researchfirst
#3 Posted : Friday, July 31, 2015 10:45:09 AM
Rank: Member

Joined: 2/24/2015
Posts: 154
Location: Nairobi
Download full results here: http://ge.tt/29lBJPL2/v/2
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  | | Edit by moderator: Friday, July 31, 2015 11:55 AM | Reason: link updated
Pesa Nane
#4 Posted : Friday, July 31, 2015 10:51:24 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c

Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#5 Posted : Friday, July 31, 2015 10:53:07 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
OUTLOOK
Quote:
Way Forward
The group continues to pursue the realisation of its business transformation that will enhance the efficiency of the business processes and reduce costs. Our regional businesses in South Sudan and Uganda are settling in well.
ImplemeNtation of a new medical system is underway and is expected to enhance our operations and provide superior services to our clients.
Pesa Nane plans to be shilingi when he grows up.
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hisah
#6 Posted : Friday, July 31, 2015 3:50:42 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Ericsson wrote:
Key Highlights Half Year 2014 vs Half year 2015
Gross written premiums increased by 15% from ksh 5.913bn to 6.93bn.
Investment and other income increased by 134% from ksh 0.5bn to ksh 1.35bn
Claims incurred decreased by 4% to ksh 4.3bn from sh.4.5bn
Operating expenses rose by 27% from ksh 1.834bn to ksh 2.332bn
Profits before tax increased from ksh 154,360 to ksh 269,284

PBT up 74.5%
PAT up 51.3%
EPS up 33.3%

Quite solid a rebound, What investments do they hold that raked in 134% growth? These can't be equity holdings. Going forward how will H2 fair in an environment where CBK is tightening liquidity with vigour? Will they report such rosy figures or will H2 get squeezed and crimp FY results?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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bartum
#7 Posted : Friday, July 31, 2015 4:02:49 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
hisah wrote:
Ericsson wrote:
Key Highlights Half Year 2014 vs Half year 2015
Gross written premiums increased by 15% from ksh 5.913bn to 6.93bn.
Investment and other income increased by 134% from ksh 0.5bn to ksh 1.35bn
Claims incurred decreased by 4% to ksh 4.3bn from sh.4.5bn
Operating expenses rose by 27% from ksh 1.834bn to ksh 2.332bn
Profits before tax increased from ksh 154,360 to ksh 269,284

PBT up 74.5%
PAT up 51.3%
EPS up 33.3%

Quite solid a rebound, What investments do they hold that raked in 134% growth? These can't be equity holdings. Going forward how will H2 fair in an environment where CBK is tightening liquidity with vigour? Will they report such rosy figures or will H2 get squeezed and crimp FY results?


@hisah they are not heavily invested in equity,
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hisah
#8 Posted : Friday, July 31, 2015 4:13:02 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
bartum wrote:
hisah wrote:
Ericsson wrote:
Key Highlights Half Year 2014 vs Half year 2015
Gross written premiums increased by 15% from ksh 5.913bn to 6.93bn.
Investment and other income increased by 134% from ksh 0.5bn to ksh 1.35bn
Claims incurred decreased by 4% to ksh 4.3bn from sh.4.5bn
Operating expenses rose by 27% from ksh 1.834bn to ksh 2.332bn
Profits before tax increased from ksh 154,360 to ksh 269,284

PBT up 74.5%
PAT up 51.3%
EPS up 33.3%

Quite solid a rebound, What investments do they hold that raked in 134% growth? These can't be equity holdings. Going forward how will H2 fair in an environment where CBK is tightening liquidity with vigour? Will they report such rosy figures or will H2 get squeezed and crimp FY results?


@hisah they are not heavily invested in equity,

Cool. So they escape the equity portfolio shredding this year. (PAFR, britam etc the shredding will be bad, real bad). What are these investments? Money markets etc?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ericsson
#9 Posted : Thursday, September 10, 2015 9:59:44 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
The counter has rallied over the past two trading sessions.gaining 25 cents each day.
What good news are they planning to announce or is there an acquisition of a smaller insurance company in the pipeline
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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WWW
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jerry
#10 Posted : Friday, September 11, 2015 12:07:47 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Ericsson wrote:
The counter has rallied over the past two trading sessions.gaining 25 cents each day.
What good news are they planning to announce or is there an acquisition of a smaller insurance company in the pipeline

Is the rally still on?
The opposite of courage is not cowardice, it's conformity.
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