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Kenya RE FY 2015 profit before tax up 15%

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muganda		#1 Posted : Wednesday, March 30, 2016 8:25:45 AM
Rank: Elder Joined: 9/15/2006 Posts: 3,907		Investment briefing in progress... Gross premiums written grew by 13% Net earned premiums marked a 17% increase Investment Income stood at 3.04bn a 17% growth. --- Full Results link https://view.publitas.co...year-ended-31-dec-2015/
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muganda		#2 Posted : Wednesday, March 30, 2016 8:34:57 AM
Rank: Elder Joined: 9/15/2006 Posts: 3,907
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VituVingiSana		#3 Posted : Wednesday, March 30, 2016 8:57:51 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		#Winning Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#4 Posted : Wednesday, March 30, 2016 9:14:15 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI		Dividend 75 cents per share Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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mlennyma		#5 Posted : Wednesday, March 30, 2016 9:25:06 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		muganda wrote: Investment briefing in progress... Gross premiums written grew by 13% Net earned premiums marked a 17% increase Investment Income stood at 3.04bn a 17% growth. any good news is beneficial to the whole nse "Don't let the fear of losing be greater than the excitement of winning."
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Gatheuzi		#6 Posted : Wednesday, March 30, 2016 9:48:29 AM
Rank: Veteran Joined: 8/16/2009 Posts: 994		Ericsson wrote: Dividend 75 cents per share At price of 20 that gives a DY of 3.75%. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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VituVingiSana		#7 Posted : Wednesday, March 30, 2016 10:03:02 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		Gatheuzi wrote: Ericsson wrote: Dividend 75 cents per share At price of 20 that gives a DY of 3.75%. Growing firm needs to retain cash. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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sparkly		#8 Posted : Wednesday, March 30, 2016 10:31:35 AM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		VituVingiSana wrote: Gatheuzi wrote: Ericsson wrote: Dividend 75 cents per share At price of 20 that gives a DY of 3.75%. Growing firm needs to retain cash. Paltry dividend is what keeps the stock from realizing full potential. Life is short. Live passionately.
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Ericsson		#9 Posted : Wednesday, March 30, 2016 10:33:58 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI		@Sparkly At least there is guarantee that the company will not do a rights issue and take debt in the medium term. Remember there is the IRA regulations on capital for insurance and reinsurance firms that takes effect this year Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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VituVingiSana		#10 Posted : Wednesday, March 30, 2016 12:01:56 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		sparkly wrote: VituVingiSana wrote: Gatheuzi wrote: Ericsson wrote: Dividend 75 cents per share At price of 20 that gives a DY of 3.75%. Growing firm needs to retain cash. Paltry dividend is what keeps the stock from realizing full potential. I am happy with the direction the firm is taking. Slow expansion, strong balance sheet. (Re)Insurance firms are rated by several agencies and given 'grades' which reflect their strength and claims paying ability. Under IRA regulations, insurance firms need to keep minimum cash (or near cash) assets depending on the size of their potential liabilities. KenRe to grow its underwriting needs to retain 'cash' to write more business. I think KenyaRe has a dividend policy based on cash earnings vs EPS. Conservative insurance companies thrive in a volatile market. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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