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Kenya Re HY2017
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Ericsson
#1 Posted : Friday, August 04, 2017 11:38:52 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,826
Location: NAIROBI
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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bartum
#2 Posted : Friday, August 04, 2017 11:53:37 AM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
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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Sir Jones
#3 Posted : Friday, August 04, 2017 1:25:00 PM
Rank: Member

Joined: 3/10/2009
Posts: 36
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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winston
#4 Posted : Friday, August 04, 2017 2:32:00 PM
Rank: Member

Joined: 4/14/2010
Posts: 806
Location: Nairobi
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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obiero
#5 Posted : Sunday, August 06, 2017 6:03:00 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,340
Location: nairobi
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:

COOP, IMH, KEGN, KQ, MTNU
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  | | Edit by user: Sunday, August 06, 2017 6:08 PM | Reason: Not specified
Ericsson
#6 Posted : Sunday, August 06, 2017 6:47:43 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,826
Location: NAIROBI
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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obiero
#7 Posted : Sunday, August 06, 2017 6:56:42 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,340
Location: nairobi
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
COOP, IMH, KEGN, KQ, MTNU
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Ericsson
#8 Posted : Sunday, August 06, 2017 7:22:13 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,826
Location: NAIROBI
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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winston
#9 Posted : Monday, August 07, 2017 10:37:04 AM
Rank: Member

Joined: 4/14/2010
Posts: 806
Location: Nairobi
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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sparkly
#10 Posted : Monday, August 07, 2017 11:44:25 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
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.html
Life is short. Live passionately.
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