Wazua
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Kenya Re HY2017
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Profit before tax increased by 4% from ksh. 2.212bn to ksh. 2.294bn Gross premiums written grew by 6% for the six months period ended 30th June 2017 from ksh. 7.096bn to ksh. 7.504bn Total assets increased by 6% from ksh. 38.94bn in December 2016 to ksh. 40.736bn in June 2017 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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Ericsson wrote:Profit before tax increased by 4% from ksh. 2.212bn to ksh. 2.294bn
Gross premiums written grew by 6% for the six months period ended 30th June 2017 from ksh. 7.096bn to ksh. 7.504bn
Total assets increased by 6% from ksh. 38.94bn in December 2016 to ksh. 40.736bn in June 2017 Dvdnd
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Rank: Member Joined: 3/10/2009 Posts: 36
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Ericsson wrote:Profit before tax increased by 4% from ksh. 2.212bn to ksh. 2.294bn
Gross premiums written grew by 6% for the six months period ended 30th June 2017 from ksh. 7.096bn to ksh. 7.504bn
Total assets increased by 6% from ksh. 38.94bn in December 2016 to ksh. 40.736bn in June 2017 Kenya Re Half Year 2017 Net Profit hit Ksh.1.6 Billion
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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Strictly speaking Kenya Re should do more...with its 20% mandatory receipt of all reinsurances in Kenya...it should at least grow top line at a minimum of the growth rate in the industry (roughly 8% - 11%). Sleeping on potential.
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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winston wrote:Strictly speaking Kenya Re should do more...with its 20% mandatory receipt of all reinsurances in Kenya...it should at least grow top line at a minimum of the growth rate in the industry (roughly 8% - 11%). Sleeping on potential. @Winston I could not agree more, though @ericsson appears to have issued slightly dodgy results aka fake news, here below are the actuals: 
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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obiero wrote:winston wrote:Strictly speaking Kenya Re should do more...with its 20% mandatory receipt of all reinsurances in Kenya...it should at least grow top line at a minimum of the growth rate in the industry (roughly 8% - 11%). Sleeping on potential. @Winston I could not agree more, though @ericsson appears to have issued slightly dodgy results aka fake news, here below are the actuals: @Obiero I can't compete and be like you in giving fake news. There is a difference between company and group. The results i gave were for the group Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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Ericsson wrote:obiero wrote:winston wrote:Strictly speaking Kenya Re should do more...with its 20% mandatory receipt of all reinsurances in Kenya...it should at least grow top line at a minimum of the growth rate in the industry (roughly 8% - 11%). Sleeping on potential. @Winston I could not agree more, though @ericsson appears to have issued slightly dodgy results aka fake news, here below are the actuals: @Obiero I can't compete and be like you in giving fake news. There is a difference between company and group. The results i gave were for the group Weka link
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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obiero wrote:Ericsson wrote:obiero wrote:winston wrote:Strictly speaking Kenya Re should do more...with its 20% mandatory receipt of all reinsurances in Kenya...it should at least grow top line at a minimum of the growth rate in the industry (roughly 8% - 11%). Sleeping on potential. @Winston I could not agree more, though @ericsson appears to have issued slightly dodgy results aka fake news, here below are the actuals: @Obiero I can't compete and be like you in giving fake news. There is a difference between company and group. The results i gave were for the group Weka link Ziko kwa gazetti ya Friday let me search for the newspaper again then paste here Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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Just thinking...is there a way Kenya Re can have GOK increase mandatory reinsurance to them from 20% to 25%? In the name of 'Build Kenya'...just as it directed all Marine import insurances to be taken by Kenyan Insurance Companies.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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winston wrote:Just thinking...is there a way Kenya Re can have GOK increase mandatory reinsurance to them from 20% to 25%? In the name of 'Build Kenya'...just as it directed all Marine import insurances to be taken by Kenyan Insurance Companies. Mandatory Re insurance was to end 7 years ago. GOK has been extending http://www.businessdaily...12064-ed6mjjz/index.htmlLife is short. Live passionately.
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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sparkly wrote:[quote=winston]Just thinking...is there a way Kenya Re can have GOK increase mandatory reinsurance to them from 20% to 25%? In the name of 'Build Kenya'...just as it directed all Marine import insurances to be taken by Kenyan Insurance Companies. Mandatory Re insurance was to end 7 years ago. GOK has been extending http://www.businessdaily...2064-ed6mjjz/index.html[/quote] GOK knows without it Kenya Re as is currently structured cannot survive without the mandatory reinsurance. Also I think it does not make sense to have mandatory reinsurance to regional country owned reinsurance companies (PTA reinsurance and Africa Reinsurance) and not have the same for your own Reinsurer. My thinking behind asking for the increase is...increased mandatory reinsurance means that the government gets to get increased earnings from Kenya Re...without putting in additional investment by way of equity or debt...simple win -win.
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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winston wrote:sparkly wrote:[quote=winston]Just thinking...is there a way Kenya Re can have GOK increase mandatory reinsurance to them from 20% to 25%? In the name of 'Build Kenya'...just as it directed all Marine import insurances to be taken by Kenyan Insurance Companies. Mandatory Re insurance was to end 7 years ago. GOK has been extending http://www.businessdaily...2064-ed6mjjz/index.html[/quote] GOK knows without it Kenya Re as is currently structured cannot survive without the mandatory reinsurance. Also I think it does not make sense to have mandatory reinsurance to regional country owned reinsurance companies (PTA reinsurance and Africa Reinsurance) and not have the same for your own Reinsurer. My thinking behind asking for the increase is...increased mandatory reinsurance means that the government gets to get increased earnings from Kenya Re...without putting in additional investment by way of equity or debt...simple win -win. @winston as per your own analysis, you will notice that KNRE is not a business but largely a collection agency similar to KRA. I once invested in it but honestly speaking there are better companies right now at the NSE
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:winston wrote:sparkly wrote:[quote=winston]Just thinking...is there a way Kenya Re can have GOK increase mandatory reinsurance to them from 20% to 25%? In the name of 'Build Kenya'...just as it directed all Marine import insurances to be taken by Kenyan Insurance Companies. Mandatory Re insurance was to end 7 years ago. GOK has been extending http://www.businessdaily...2064-ed6mjjz/index.html[/quote] GOK knows without it Kenya Re as is currently structured cannot survive without the mandatory reinsurance. Also I think it does not make sense to have mandatory reinsurance to regional country owned reinsurance companies (PTA reinsurance and Africa Reinsurance) and not have the same for your own Reinsurer. My thinking behind asking for the increase is...increased mandatory reinsurance means that the government gets to get increased earnings from Kenya Re...without putting in additional investment by way of equity or debt...simple win -win. @winston as per your own analysis, you will notice that KNRE is not a business but largely a collection agency similar to KRA. I once invested in it but honestly speaking there are better companies right now at the NSE [colour=red] like KQ [/colour] Life is short. Live passionately.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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obiero wrote:winston wrote:sparkly wrote:[quote=winston]Just thinking...is there a way Kenya Re can have GOK increase mandatory reinsurance to them from 20% to 25%? In the name of 'Build Kenya'...just as it directed all Marine import insurances to be taken by Kenyan Insurance Companies. Mandatory Re insurance was to end 7 years ago. GOK has been extending http://www.businessdaily...2064-ed6mjjz/index.html[/quote] GOK knows without it Kenya Re as is currently structured cannot survive without the mandatory reinsurance. Also I think it does not make sense to have mandatory reinsurance to regional country owned reinsurance companies (PTA reinsurance and Africa Reinsurance) and not have the same for your own Reinsurer. My thinking behind asking for the increase is...increased mandatory reinsurance means that the government gets to get increased earnings from Kenya Re...without putting in additional investment by way of equity or debt...simple win -win. @winston as per your own analysis, you will notice that KNRE is not a business but largely a collection agency similar to KRA. I once invested in it but honestly speaking there are better companies right now at the NSE Yeah I was at KNRE very briefly. Sold at a small loss as recently as May and got into simba The thing is even with the mandatory concessions and holding a majority marketshare, they seem to be just growing ever so slightly. What i find strange is that the insurance sector is at its infancy currently and this period should have the company growing in leaps and bounds. Alot of revaluation reserves are going into sprucing up the PAT. I feel the management are not as agile as they should be. They feel lethargic to me, perhaps its my untrained eye.
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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Horton wrote:obiero wrote:winston wrote:sparkly wrote:[quote=winston]Just thinking...is there a way Kenya Re can have GOK increase mandatory reinsurance to them from 20% to 25%? In the name of 'Build Kenya'...just as it directed all Marine import insurances to be taken by Kenyan Insurance Companies. Mandatory Re insurance was to end 7 years ago. GOK has been extending http://www.businessdaily...2064-ed6mjjz/index.html[/quote] GOK knows without it Kenya Re as is currently structured cannot survive without the mandatory reinsurance. Also I think it does not make sense to have mandatory reinsurance to regional country owned reinsurance companies (PTA reinsurance and Africa Reinsurance) and not have the same for your own Reinsurer. My thinking behind asking for the increase is...increased mandatory reinsurance means that the government gets to get increased earnings from Kenya Re...without putting in additional investment by way of equity or debt...simple win -win. @winston as per your own analysis, you will notice that KNRE is not a business but largely a collection agency similar to KRA. I once invested in it but honestly speaking there are better companies right now at the NSE Yeah I was at KNRE very briefly. Sold at a small loss as recently as May and got into simba The thing is even with the mandatory concessions and holding a majority marketshare, they seem to be just growing ever so slightly. What i find strange is that the insurance sector is at its infancy currently and this period should have the company growing in leaps and bounds. Alot of revaluation reserves are going into sprucing up the PAT. I feel the management are not as agile as they should be. They feel lethargic to me, perhaps its my untrained eye. @Horton your eyes are OK.. That share never moves. It's good for aged investors
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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@obiero & horton...totally agree. It could be better...but will not be anytime soon. Sad really.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Get ready get ready counter is headed towards 30 per share Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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Ericsson wrote:Get ready get ready counter is headed towards 30 per share Optimism at its peak
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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obiero wrote:Ericsson wrote:Get ready get ready counter is headed towards 30 per share Optimism at its peak This one rallies when others are not rallying and doesnt rally when others are rallying
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Metasploit wrote:obiero wrote:Ericsson wrote:Get ready get ready counter is headed towards 30 per share Optimism at its peak This one rallies when others are not rallying and doesnt rally when others are rallying Rally has not yet started but i expect to exit at 36/- one day. Life is short. Live passionately.
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