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IFA 2016 Q3 statistics
Ericsson
#1 Posted : Tuesday, December 13, 2016 5:54:23 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Top six long term business in mkt share
Britam life assurance--------23.22%
Jubilee insurance------------14.98%
ICEALION Life Assurance------13.68%
Sanlam life Assurance--------6.87%
Liberty Life Assurance-------6.28%
CIC life Assurance-----------5.74%

Re-insurers
Kenya Re-------53.23%
East Africa Re--43.45%
Continental Re--3.32%

Profits before tax
Britam life assurance----sh.4,288,499,000
Jubilee insurance--------sh.1,249,893,000
ICEALION Life Assurance--sh. 290,919,000
CIC life assurance-------sh.234,073,000
Liberty life Assurance----sh.166,332,000
Sanlam Life Assurance---sh. 120,315,000

Re-insurers
Kenya Re--------sh.387mn
East Africa Re--sh. 187.5mn
Continental Re---sh. 61.96mn


Top six General Insurance in mkt share
Jubilee insurance - - - - - 10.95%
UAP Insurance---------------8.32%
APA Insurance---------------7.74%
CIC General Insurance-------7.12%
Britam General Insurance----5.63%
ICEALION General Insurance--5.48%

Re-insurers mkt share
Kenya Re--------69.85%
East Africa Re--19.95%
Continental Re--10.2%

Top six underwriting profits
General Accident - - - - sh. 364.536mn
Heritage insurance - - - sh. 227.34mn
Mayfair insurance - - - -sh. 206.347mn
AIG Insurance - - - - - -sh. 178.7mn
Kenya Orient-------------sh. 140mn
ICEALION insurance - - - sh. 132.38mn

Re-insurers General underwriting profits
Kenya Re-------sh. 817.66mn
Continental Re--sh. 91.7mn
East Africa Re--sh. 22.83mn

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
wukan
#2 Posted : Tuesday, December 13, 2016 2:49:20 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,590
Oh my the entire industry net profit was a measly 6.5b. Damn! I would hate to be a shareholder in this sector.
Ericsson
#3 Posted : Tuesday, December 13, 2016 3:12:51 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
@Wukan
Insurance companies make most of their profits from investment income from
--Interest on government securities
--Dividend income
--Capital gain on equities
--Revaluation of properties i.e land and buildings
--Rental income on properties
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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